CRA - 75RESOLUTION NO.
A RESOLUTION OF THE CYPRESS REDEVELOPMENT AGENCY
MAKING STATUTORY FINDINGS AUTHORIZING PAYMENT FOR
THE CONSTRUCTION OF PUBLIC IMPROVEMENTS LOCATED IN
THE CIVIC CENTER REDEVELOPMENT PROJECT AREA
(GENERALLY LOCATED AT 9031 GRINDLAY STREET).
WHEREAS, the Community Redevelopment Law of the State of California
(Health and Safety Code Sections 33000 et seq.), among other provisions granting powers
to redevelopment agencies, contains Section 33445 which provides that a redevelopment
agency, with the consent of the legislative body, may pay all or part of the value of the land
for the cost of the installation and construction of any building, facility, structure or other
improvement which is publicly owned either within or without a project area upon a
determination by such agency and such legislative body by resolution that such building,
facility, structure or other improvement is of benefit to such project area and that no other
reasonable means of financing the same are available to the community.
WHEREAS, the officially adopted redevelopment plan of the Cypress
Redevelopment Agency ("Agency") for its Civic Center Project Area describes in part for
the construction of certain public improvements in order to provide project area residents
and citizens with needed public infrastructure.
NOW, THEREFORE, the Redevelopment Agency of the City of Cypress does
hereby resolve, determine and order as follows:
1. This Agency hereby finds that the facts set forth in the Recitals,
hereinabove are true and correct.
2. This Agency hereby specifically finds and determines that the
construction of public utilities along the north property of 9031 Grindlay Street in
order to service the rear parcel and this Agency's funding thereof will be of benefit
to the Civic Center Project Area.
3. This Agency hereby specifically finds that there exists no other
reasonable means to finance this project. The Agency requested funds from the City
of Cypress, and the City was not able to assist financially.
4. This Agency therefore hereby specifically finds and determines that no
other reasonable means of financing is available to the community to construct the
facility other than through this Agency's partial funding thereof.
5. This Agency hereby specifically finds that the financial obligations
which it will undertake to cause the construction of certain public improvements will
not impair its ability to discharge any financial obligation previously undertaken by
it with respect to its Civic Center Project Area.
PASSED AND ADOPTED by the governing body of the Cypress
Redevelopment Agency on the 13th day of September , 1993.
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ATTEST:
SECRE~,,~.'Y OF Y~IE
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 AGENCY MEMBERS: Age,
NOES: 0 AGENCY MEMBERS: None
Bowman,
Nicholson, Partin
and Kerry
ABSENT: 0
AGENCY MEMBERS: None
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CYPRESS REDEVELOPMENT AGENCY
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