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CRA 2008-02-25MINUTES OF A REGULAR MEETING OF THE • CYPRESS REDEVELOPMENT AGENCY HELD February 25, 2008 Agency Chair Seymore called the meeting of the Cypress Redevelopment Agency to order at 5:01 p.m. in the Executive Board Room, 5275 Orange Avenue, Cypress, California. Members present: Mayor/Agency Chair Todd Seymore Mayor Pro Tem/Agency Vice Chair Leroy Mills Council/Agency Board Member Doug Bailey Council/Agency Board Member Phil Luebben Council/Agency Board Member Prakash Narain Staff present: City Manager John Bahorski City Attorney William Wynder . Agency Counsel Dan Slater Assistant City Manager/Director of Finance and Administrative Services Richard Storey Director of Community Development Ted Commerdinger Chief of Police Rick Hicks Public Works Director Doug Dancs Recreation and Community Services Director Laura Detweiler Police Captain Mark Yokoyama Police Captain Mike Idom Assistant City Engineer Kamran Dadbeh Administrative Services Manager June Liu Redevelopment Project Manager Steve Clarke Finance Manager Matt Burton City Clerk Denise Basham CONSENT CALENDAR: It was moved by Agency Board Member Bailey and seconded by Agency Board Member Luebben, that the Redevelopment Agency approve Consent Calendar Item . No. 10. The motion was unanimously carried by the following roll call vote: AYES: 5 COUNCIL MEMBERS: Bailey, Luebben, Narain, Mills and Seymore NOES: 0 COUNCIL MEMBERS: None ABSENT: 0 COUNCIL MEMBERS: None Item No. 10: PURCHASE AND SALE AGREEMENT FOR THE PROPERTY LOCATED AT 5762 LINCOLN AVENUE. Recommendation: That the Redevelopment Agency Board adopt the Resolution by title only, approving the Purchase and Sale Agreement with the Arnold Survivor's Trust, Nomoinc Associates, and George F. Wilson III Separate Property Trust, for the Agency's acquisition of the approximately 2.71 acre parcel located at 5762 Lincoln Avenue. CYPRESS REDEVELOPMENT AGENCY FEBRUARY 25, 2008 RESOLUTION NO. CRA-129 • A RESOLUTION OF THE CYPRESS REDEVELOPMENT AGENCY APPROVING AN AGREEMENT FOR THE PURCHASE AND SALE OF REAL PROPERTY BY AND BETWEEN THE AGENCY, AS BUYER, AND THE ARNOLD SURVIVOR'S TRUST, NOMOINC ASSOCIATES, AND GEORGE F. WILSON III SEPARATE PROPERTY TRUST, AS SELLER, OF AN APPROXIMATELY 2.71 ACRE PARCEL LOCATED IN THE CITY OF CYPRESS AT 5762 LINCOLN AVENUE WITHIN THE LINCOLN AVENUE COMPONENT AREA OF THE CYPRESS MERGED AND AMENDED REDEVELOPMENT PROJECT AREA. ADJOURNMENT: Agency Chairperson Seymore adjourned the meeting t 8:06 p.m. w CHAIRPERSON OFT E CYPRESS REDEVELOPMENT AGENCY ATTEST: ~~%~2,c~~ ~C~~ ~~ ~~ SECRETARY OF THE CYPRESS REDEVELOPMENT AGENCY 2