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CRA 90-12-10 MINUTES OF A MEETING OF THE CYPRESS REDEVELOPMENT AGENCY HELD December 10, 1990 Agency Member Bowman called the meeting of the Cypress Redevelopment Agency to order at 11:55 p.m. on Monday, December 10, 1990 in the Cypress City Council Chamber, 5275 Orange Avenue, Cypress, California. PRESENT:Agency Members Age, Kerry, Nicholson, Partin and Bowman ABSENT: None Agency Member Age suggested that there be a change in the Chairmanship and Vice Chairmanship in accordance with the previous reorganization of the City Council. It was moved by Agency Member Age and seconded by Agency Member Partin to elect Mayor Bowman as Chairman and Mayor Pro Tem Partin as Vice Chairman of the Redevelopment Agency. The motion unanimously carried by the following roll call vote: AYES:5 COUNCILMEMBERS: Age, Kerry, Nicholson, Partin and Bowman NOES:0 COUNCILMEMBERS: None ABSENT:0 COUNCILMEMBERS: None MINUTES: It was moved by Agency Member Age and seconded by Agency Member Kerry to approve the Minutes of October 29, 1990. The motion carried by the following roll call vote: AYES:3 AGENCY MEMBERS: Age, Kerry and Bowman NOES:0 AGENCY MEMBERS: None ABSENT:0 AGENCY MEMBERS: None ABSTAINED: 2 AGENCY MEMBERS: Nicholson and Partin Councilmembers Nicholson and Partin abstained due to their absence at the October 29, 1990 meeting. CONSIDERATION OF FISCAL YEAR (FY) 1989-90 ANNUAL REPORT: The Executive Director presented the staff report dated November 30, 1990 which indicated the California Health and Safety Code Section 33080 requires that every Redevelopment Agency file an Annual Report with the State Department of Housing and Community Development within six months of the end of the fiscal year. Responding to Chairman Bowman, the Finance Director stated that since the sale of the golf course was in September of 1990, it will be part of the tax increment. At the request of the Agency Chairman, the Finance Director will advise the Agency of the difference between the previous and current assessed value of the golf course property. It was moved by Agency Member Partin and seconded by Agency Member Age to approve the Fiscal Year 1989-90 Annual Report and authorize it for submittal to the State Department of Housing and Community Development. The motion unanimously carried by the following roll call vote: AYES:5 AGENCY MEMBERS: Age, Kerry, Nicholson, Partin and Bowman NOES:0 AGENCY MEMBERS: None ABSENT: 0 AGENCY MEMBERS: None CONSIDERATION OF CONTINUED EMPLOYMENT OF CONSULTANTS FOR REDEVELOPMENT SERVICES: The Executive Director reviewed the staff report dated November 28, 1990, which indicated that the Redevelopment Agency has utilized the services of Steve Copenhaver and Pam Eicholtz as redevelopment consultants in the areas of property acquisition, financial analysis and senior housing since July 1988. Recently, it was determined by staff that an overall fiscal analysis and projection program was required to determine funding sources for anticipated and/or proposed redevelopment project. The consultants have been assisting staff in preparing this program with their AYES:5 AGENCY MEMBERS: Age, Kerry, Nicholson, Partin and Bowman NOES:0 AGENCY MEMBERS: None ABSENT:0 AGENCY MEMBERS: None ADJOURNMENT:Agency Chairman Bowman adjourned the meeting at 12:02 a.m. CHAIRMAN OF TI REDEVELOPMENT AGENCY ATTEST: SECRE'I'ARY ()F'I'HE-C-fPtMSS FAD OPMEN'I' AGENCY