CRA 96-06-24MINUTES OF A REGULAR MEETING OF THE
CYPRESS REDEVELOPMENT AGENCY
HELD
June 24, 1996
Chairman Bowman called the meeting of the Cypress Redevelopment
Agency to order at 9:05 p.m., Monday, June 24, 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 Age and seconded by
Agency Member Jones to approve the Minutes of June 10, 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 THE ADOPTION OF THE 1996-97 BUDGET FOR THE
CYPRESS REDEVELOPMENT AGENCY: The Executive Director called upon
the Finance Director who presented the staff report dated June 3,
1996, which advised that the preliminary budget was reviewed by
the Agency Board, with the Executive Director and the Agency
staff. The total proposed budget is $8,406,246 higher than the
previous year's adopted budget. The increase in the Debt Service
is due to the maturity of the five year and one year Promissory
Notes to the City in FY 96-97.
It was moved by Agency Member Age and seconded by Agency Member
Jones to adopt the 1996-97 Agency Budget. The motion unanimously
carried by the following roll call vote:
AYES
NOES:
ABSENT:
5 AGENCY MEMBERS:
AGENCY MEMBERS:
0 AGENCY MEMBERS:
Age, Carroll, Jones, Kerry
and Bowman
None
None
CONSIDERATION OF CONTINUED EMPLOYMENT OF CONSULTANTS FOR
REDEVELOPMENT SERVICES: The Deputy Executive Director gave the
staff report dated June 12, 1996 advising that the Agency has
utilized the services of GRC Copenhaver, Inc. as redevelopment
consultants for the past several years. The request is to
continue their services for fiscal year 1996-97. GRC is utilized
for technical assistance in areas where a high level of expertise
is required. Housing assistance is crucial since the
implementation of housing programs will continue to be scheduled
for this fiscal year.
It was moved by Agency Member Carroll and seconded by Agency
Member Age to authorize the Agency Executive Director to enter
into a contract with GRC Copenhaver, Inc., for an amount not to
exceed $31,000 under the following professional service accounts:
4189-35-194-06
4189-36-196-06
4189-37-195-06
4189-38-197-06
Civic Center
Housing Setaside
Lincoln Avenue
Los Alamitos Race Track
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
CONSIDERATION OF AMENDED COVENANTS, CONDITIONS AND RESTRICTIONS
FOR THE CYPRESS PARK SENIOR COMMUNITY HOUSING PROJECT: The staff
report dated June 18, 1996 revealed that Conditional Use Permit
93-15 allowed the construction of a 124 unit senior apartment
complex at 9021 Grindlay Street. Condition No. 35 of the permit
required a certain number of units to be targeted to specific
income groups and rented at affordable housing costs. To resolve
issues relating to the application of housing funds for the
payment of a portion of the utilities and part fees, the Cypress
Redevelopment Agency must also comply with State Law by having
the developer (Cypress Education Foundation) designate and
covenant three additional units as moderate units. The Agency
and Foundation have agreed to modify the covenants to add three
additional moderate units.
It was moved by Agency Member Jones and seconded by Agency Member
Kerry to approve the Amended and Restated Covenants, Conditions
and Restrictions for the Cypress Park Senior Community Housing
Project, adding three additional moderate units to the project.
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:
9:10 p.m.
Agency Chairman Bowman adjourned the meeting at
CHAIRMAN OF TH CYPRESS
REDEVELOPMENT AGENCY
ATTEST:
SECRETARY OF THE CYPRESS
REDEVELOPMENT AGENCY