CRA 96-07-22MINUTES OF A REGULAR MEETING OF THE
CYPRESS REDEVELOPMENT AGENCY
HELD
July 22, 1996
Chairman Bowman called the meeting of the Cypress Redevelopment
Agency to order at 9:20 p.m., Monday, July 22, 1996, in the
Council Chamber, 5275 Orange Avenue, Cypress.
PRESENT:
ABSENT:
Agency Members Age, Carroll, Jones, Kerry and
Bowman
None
MINUTES: It was moved by Agency Member Jones and seconded by
Agency Member Kerry to approve the Minutes of June 24, 1996.
motion carried by the following roll call vote:
The
AYES:
NOES:
ABSENT:
5 AGENCY MEMBERS:
0 AGENCY MEMBERS:
0 AGENCY MEMBERS:
Age, Carroll, Jones, Kerry
and Bowman
None
None
CONSIDERATION OF HOUSING SET-ASIDE FUNDS: The Agency Chairman
noted that the Redevelopment Agency had participated in a
workshop session on this item prior to the regular Council
meeting. The City Manager referred to that session and he
reported that the housing set aside funds are the 20% monies from
the tax increment which are required for low and moderate income
housing projects associated with redevelopment. The staff report
dated July 15, 1996 was prepared in order to assist the Cypress
Redevelopment Agency Board in determining the status of Cypress
redevelopment in supplying affordable housing, in understanding
the regulations that impact the methods used to provide this
housing and to recommend actions to be taken by the Agency Board
in implementing new housing assistance programs by fiscal year
1997-98.
It was moved by Agency Member Kerry and seconded by Agency Member
Jones to receive and file the report. The motion unanimously
carried by the following roll call vote:
AYES:
NOES:
ABSENT:
5 AGENCY MEMBERS:
0 AGENCY MEMBERS:
0 AGENCY MEMBERS:
Age, Carroll, Jones, Kerry
and Bowman
None
None
ADJOURNMENT:
9:25 p.m.
Agency Chairman Bowman adjourned the meeting at
CHAIRMAN OF THE CYPRESS
REDEVELOPMENT AGENCY
ATTEST:
SECRETARY OF THE CYPRESS
REDEVELOPMENT AGENCY