CRA - 47RESOLUTION NO. CRA-47
A RESOLUTION OF THE CYPRESS REDEVELOPMENT
AGENCY AUTHORIZING THE PURCHASE OF CERTAIN
REAL PROPERTY FROM THE CITY OF CYPRESS.
WHEREAS, on July 19, 1982 the City Council of the City of
Cypress ("City") adopted Ordinance No. 692 approving and adopting
a Redevelopment Plan for the Civic Center Project Area ("Project
Area"); and
WHEREAS, the Cypress Redevelopment Agency ("Agency") is
authorized pursuant to Health & Safety Code Section 33391 and the
Redevelopment Plan for the Project Area to acquire real property
located within the Project Area; and
WHEREAS, the City desires to sell certain real property
located in the Project Area more particularly described in
Exhibit "A" attached hereto and incorporated herein by reference
(the "Subject Property") to the Agency and the Agency desires to
purchase said property.
NOW, THEREFORE, the Cypress Redevelopment Agency DOES HEREBY
RESOLVE as follows:
SECTION 1: The Agency hereby approves the purchase the
Subject Property in accordance with the terms and conditions set
forth in that certain City Council Resolution No. 3672 adopted at
the regular meeting of the City Council of the City of Cypress
held on January 8, 1990, including, without limitation, the
obligation to pay the Purchase Price (as defined therein) and the
interest thereon in accordance with the terms and provisions set
forth in said City Council Resolution.
SECTION 2: The Chairman, Executive Director and Secretary
of the Agency are hereby authorized and directed to execute any
and all appropriate instruments and agreements required in order
to consummate the transactions referred to in this Resolution and
City Council Resolution No. 3672.
PASSED AND ADOPTED by the governing body of the Cypress
Redevelopment Agency on this 8th day of January, 1990.
CYPRESS REDEVELOPMENT AGENCY
ATTEST:
CYPRESS REDEVELOPMENT AGENCY
STATE OF CALIFORNIA )
COUNTY OF ORANGE )
SS
I, DARRELL ESSEX, Secretary of the Cypress Redevelopment
Agency, DO HEREBY CERTIFY that the foregoing Resolution was duly
adopted at an adjourned regular meeting of said Agency held on
the 8th day of January, 1990; by the following roll call vote:
AYES: 5
NOES: 0
ABSENT: 0
AGENCY MEMBERS: Arnold, Bowman, Kanel, Kerry and Age
AGENCY MEMBERS: None
AGENCY MEMBERS: No~
CYPRESS REDEVELOPMENT AGENCY
EXHIBIT "A"
DESCRIPTION OF SUBJECT PROPERTY BY
ASSESSOR PARCEL NUMBER
244-451-3