CRA - 74RESOLUTION NO. CRA-74
A RESOLUTION OF THE CYPRESS REDEVELOPMENT AGENCY
APPROVING A TRANSFER OF PROPERTY BY AND BETWEEN THE
CYPRESS REDEVELOPMENT AGENCY AND THE CYPRESS
ELEMENTARY SCHOOL DISTRICT FOR THE 2.3 ACRE PARCEL TO
THE REAR OF THE SENIOR CITIZENS CENTER (9031 GRINDLAY
STREET).
A. Recitals.
Section 33430 et seq., "An agency may, within the survey area or for purposes
of redevelopment, sell, lease, for a period not to exceed 99 years, exchange, subdivide,
transfer, assign, pledge, encumber by mortgage, deed of trust, or otherwise, or otherwise
dispose of any real or personal property or any interest in property"; and further
"Any lease or sale made pursuant to Section 33430 may be made without
public bidding but only after a public hearing, notice of which shall be given by publication
for not less than once a week for two weeks in a newspaper of general circulation published
in the county in which the land lies."
(i) In accordance with Section 33431 of the California Health and
Safety Code, the Cypress Redevelopment Agency ("Agency" hereinafter) conducted
a duly noticed public hearing on the subject matter of a proposed property transfer
between the Agency and the Cypress Elementary School District concerning the
transfer of that property generally located at the southwest corner of Grindlay Street
and Lincoln Avenue in Cypress, California.
(ii)
All legal prerequisites to the adoption of this Resolution have
occurred.
B. Resolution.
NOW, THEREFORE, it hereby is found, determined and resolved by the
Agency as follows:
1. This Agency hereby finds that all of the facts set forth in the Recitals,
Part A, of this Resolution are true and correct.
2. This Agency hereby specifically finds that the consideration to be
received by Agency for the potential disposition by Agency of certain property interests in
accordance with the provisions, covenants and conditions contained in the Agreement is not
less than the fair market value of those property interests.
3. This action shall be approved by the City Council of the City of Cypress
in accordance with the State Health and Safety Code.
4. The Agency Secretary shall certify to the adoption of this Resolution
PASSED AND ADOPTED by the governing body of the Cypress
Redevelopment Agency on the 13th day of September ,1993.
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ATTEST:
S E cRi~[A'RTV["(5 F~i-~E /
CYPRESS REDEVELOPMENT AGENCY
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) $$
I, DARRELL ESSEX, Secretary of the Cypress Redevelopment Agency, DO
HEREBY CERTIFY that the foregoing Resolution was duly adopted at a regular meeting
of the said Cypress Redevelopment Agency held on the 13th day of September
, 1993, by the following roll call vote:
AYES: 5
NOES: 0
AGENCY MEMBERS:
AGENCY MEMBERS:
Age, Bowman, Nicholson, Partin
and Kerry
None
ABSENT: 0
AGENCY MEMBERS: None
sI2CRI22'A~'Y~ ' ' //
CYPRESS REDEVELOPMENT AGENCY
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