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CRA 2007-09-24 MINUTES OF A REGULAR MEETING OF THE CYPRESS REDEVELOPMENT AGENCY HELD September 24, 2007 Agency Chair Luebben called the meeting of the Cypress Redevelopment Agency to order at 5:30 p.m. in the Executive Board Room, 5275 Orange Avenue, Cypress, California. Members present: Mayor/Agency Chair Phil Luebben Mayor Pro Tem/Agency Vice Chair Todd Seymore Council/Agency Board Member poug Bailey Council/Agency Board Member Leroy Mills Council/Agency Board Member Prakash Narain Staff present: City Manager John Bahorski City Attorney William Wynder Assistant City Manager/Director of Finance and Administrative Services Richard Storey Acting Director of Community Development Ted Commerdinger Public Works Director poug Dancs Recreation Superintendent Dena Diggins Police Captain Mark Yokoyama Assistant City Engineer Kamran Dadbeh Administrative Services Manager June Liu Associate Planner poug Hawkins City Clerk Denise Basham Consent Calendar: It was moved by Agency Chair Luebben and seconded by Agency Vice Chair Seymore, to approve Consent Calendar Item Nos. 12 and 13. The motion was unanimously carried by the following roll call vote: AYES: 5 AGENCY MEMBERS: Bailey, Mills, Narain, Seymore and Luebben NOES: 0 AGENCY MEMBERS: None ABSENT: 0 AGENCY MEMBERS: None Item No. 12: APPROVAL OF FISCAL YEAR 2006-07 CARRYOVER OF CONTINUING APPROPRIATIONS AND ENCUMBRANCES FOR THE CYPRESS REDEVELOPMENT AGENCY TO FISCAL YEAR 2007-08 Recommendation: That the Cypress Redevelopment Agency: 1. Authorize the appropriation of funds in Fiscal Year 2007-08 for the carryover of continuing appropriations as detailed in Attachment A and summarized as follows: 36 Low and Moderate Housing Set-Aside Fund $1,798,350 2. Authorize the appropriation of funds in Fiscal Year 2007-08 for items encumbered at June 30, 2007 as detailed in Attachment B and summarized below: 35 Civic Center Project Fund $ 7,200 37 Lincoln Avenue Project Fund $ 7, ~ 07 38 LART Project Fund $1g,227 36 Low and Moderate Housing Set-Aside Fund $11,419 ~ ! ~ 8 ~ i f 's i ~ ~ a ~ i I ~ ~ € ~ ~ ~ f ~ :S .i ~ ~ ~ ~ ~ ~ .7 ~ s 9 ~ ~ ~ ~ ~ ';3 4 ~ ~ ~ ``s ~ ~ ~ ~ ~ 5 :y 3 ~ ~ . j ? I :P :t '.3 ~ ~ ~ f :$g 'a ~ ~ :3 1 3. Authorize the transfers of funds to support continuing appropriations in Fiscal Year 2007-08 as listed below: FROM TO AMOUNT 35 Civic Center Project Fund 15 City CIP Fund $227,999 Item No. 13: CONSIDERATION OF AMENDMENT NO. 1 TO EXTEND THE TERM OF THE EXCLUSIVE NEGOTIATION AGREEMENT BETWEEN THE AGENCY AND HOPKINS REAL ESTATE GROUP. The Deputy Executive Director provided background information on this item. ADJOURNMENT: Agency Chairperson Luebben adjourned the meeting at 8:00 p.m. CHAIRP RSON OF THE CYPRESS REDEVELOPMENT AGENCY ATTEST: J(~,~,c,~- k~~-aP~~'1~ SECRETARY OF THE CYPRESS REDEVELOPMENT AGENCY 2 . . . , ~ . 4, ~ • ~ i. ' ! i ~ 1 ~ ~ , a ! S ~ ~ 3 ~ 1 3 2 ~ ~ ~ & ~ ~ 3 5 } ~ :1 ~ ~ i ~ -0 ~ :1 i d ] ' V -f S ~-I fi i "a f 'i `i ; ~ ~