CRA - 19RESOLUTION NO. CRA-19
RESOLUTION OF THE CYPRESS REDEVELOPMENT AGENCY
GRANTING AN OPTION IN FAVOR OF THE CITY OF
CYPRESS TO PURCHASE OR LEASE CERTAIN REAL PROPERTY
KNOWN AS CYPRESS ELEMENTARY SCHOOL AND AUTHORIZING
CERTAIN ACTIONS IN CONNECTION THEREWITH
WHEREAS, the Cypress Redevelopment Agency ("Agency") has entered into that
certain option agreement ("Option Agreement") with the Cypress School District
("District") pursuant to which the District granted the Agency an option to purchase
certain real property commonly known as the Cypress Elementary School, located at 9031
Grindlay Street, Cypress, California and more particularly described in the Option
Agreement (the "Property"); and
WHEREAS, the Agency desires to grant the City of Cypress ("City") an exclusive
option to purchase the Property on the same terms and conditions as set forth in the
Option Agreement, except as modified by this Resolution.
NOW, THEREFORE, the Cypress Redevelopment Agency does hereby resolve as follows:
Section 1. The Agency hereby grants to the City the exclusive right to lease
or purchase the Property on the same terms and conditions as set forth in the
Option Agreement, except as modified by this Resolution.
Section 2. The introduction to the Option Agreement is modified to refer to
the City as "Optionee" and the Agency as "Optionor".
Section 3. Section 9 of the Option Agreement is modified as follows:
"OPTIONEE OPTIONOR
City of Cypress
5275 Orange Avenue
Cypress, California 90630
Cypress Redevelopment Agency
5275 Orange Avenue
Cypress, California 90630"
Section 4. The Agency hereby authorizes and directs the Chairman, Secretary,
Executive Director and any officers of the Agency who are authorized to act on their
behalf to take any and all actions necessary and appropriate to effectuate the
transactions contemplated by this Resolution and the Option Agreement as modified
hereby.
PASSED AND ADOPTED by the governing body of the Cypress Redevelopment Agency
on the 9th day of April, 1984.
CYPRESS REDEVELOPMENT AGENCY
ATTEST:
.
SECRETARY-' - /
CYPRESS REDEVELOPMENT AGENdY
STATE OF CALIFORNIA ) SS
C~UNTY OF O?~NGE )
I, DARRELL ESSEX, Secretary of the Cypress Redevelopment Agency, DO HEREBY
CERTIFY that the foregoing Resolution was duly adopted at a regular meeting of said
Agency held on the 9th day of April, 1984, by the following roll call vote:
AYES: 5 AGENCY MEMBERS:
NOES: 0 AGENCY MEMBERS:
ABSENT: 0 AGENCY MEMBERS:
Coronado, Mullen, Lacayo, Partin and Kanel
None
None
SEcR~ETARYZ ~ _ jv
CYPRESS REDEVELOPMENT AGENCY