CRA 92-09-28 MINUTES OF A MEETING OF THE
CYPRESS REDEVELOPMENT AGENCY
HELD
September 28, 1992
Agency Chairman Partin called the meeting of the Cypress
Redevelopment Agency to order at 10:04 p.m. on Monday, September
28, 1992 in the Cypress City Council Chamber, 5275 Orange Avenue,
Cypress, California
PRESENT:Agency Members Age, Bowman, Kerry, Nicholson and
Partin
ABSENT: None
MINUTES: It was moved by Agency Member Bow-man and seconded by
Agency Member Age to approve the Minutes of September 14, 1992.
The motion unanimously carried by the following roll call vote:
AYES:5 AGENCY MEMBERS: Age, Bow-man, Kerry, Nicholson
and Partin
NOES:0 AGENCY MEMBERS: None
ABSENT: 0 AGENCY MEMBERS: None
CONSIDERATION OF THE SECOND EXTENSION OF THE AGREEMENT BETWEEN
THE CYPRESS REDEVELOPMENT AGENCY AND THE CYPRESS SCHOOL DISTRICT
FOR REIMBURSEMENT OF TAX INCREMENT FUNDS FROM THE CIVIC CENTER
REDEVELOPMENT PROJECT. AMENDMENT NO, 1: The Executive Director
summarized the staff report dated September 22, 1992, which
described a provision of the Amended Civic Center Project Area
Tax Increment "Pass-Thrull Agreement. Specifically, this
provision was to facilitate a land transaction whereby the Agency
agreed to trade 2.32 acres of the Cypress Elementary School site
for Wicker Drive properties of an equal area. The Agreement
further required that a joint venture was to commence on the
Wicker Drive properties by July 24, 1992. Additional time is
necessary in order to determine which development proposal will
be negotiated and an extension of the Agreement is necessary.
The District and Agency are continuing to meet regarding this
matter and anticipate a resolution within the 90 day time period.
It was moved by Agency Member Age and seconded by Agency Member
Kerry to authorize the Executive Director to officially notify
the School District of the Agency's agreement to a second
extension of the 1989 Tax Increment "Pass-Thrull Agreement for a
period of ninety (90) days, effective October 24, 1992. The
motion unanimously carried by the following roll call vote:
AYES:5 AGENCY MEMBERS: Age, Bowman, Kerry, Nicholson
and Partin
NOES:0 AGENCY MEMBERS: None
ABSENT: 0 AGENCY MEMBERS: None
CONSIDERATION OF CLAIM FOR RELOCATION BENEFITS AND MOVING
EXPENSES REIMBURSEMENT ND CAROL DAVIDSON, 5381 ORANGE
AVENUE: The Deputy Executive Director summarized the staff
report dated September 23, 1992, which represented a claim for
relocation benefits and moving expenses reimbursement from Henry
and Carol Davidson. They are currently tenants of the Erskine
property and they are relocating to Chinn- rAlifn-rni;4 rPh n -nnr.7
and Carol Davidson, 5381 Orange Avenue, Cypress, for rental
assistance and moving expenses reimbursement in the amount of
$5,600. The motion unanimously carried by the following roll
call vote:
AYES:5 AGENCY MEMBERS: Age, Bowman, Kerry, Nicholson
and Partin
NOES:0 AGENCY MEMBERS: None
ABSENT: 0 AGENCY MEMBERS: None
Agency Member Kerry commented that there are maximum funds that
can be received for relocation, it would be difficult to change
now, but in the future there must be more accurate information.
ADJOURNMENT:Agency Chairman Partin adjourned the meeting at
10:09 P.M.
40
CHAIRMAN OF THE CYPRESS
REDEVELOPMENT AGENCY
ATTEST:
SECRETARYIOF Ti-i@-/CYPRESS REDEVELOPMENT
AGENCY