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CRA 99-04-12MINUTES OF A REGULAR MEETING OF THE CYPRESS REDEVELOPMENT AGENCY HELD April 12, 1999 Agency Chairman Keenan called the meeting of the Cypress Redevelopment Agency to order at 10:20 p.m., in the Council Chamber, 5275 Orange Avenue, Cypress. PRESENT: Agency Members McCoy, McGill and Sondhi Agency Vice Chair Piercy and Chair Keenan ABSENT: None MINUTES: Approval of Minutes of February 22, 1999 Vice Chair Piercy suggested that the word "indicated" on the last sentence, on page one, be replaced with "opinion" as it does not read that Chairman Keenan is giving his opinion. Chairman Keenan explained that "indicated" states his opinion. Following a brief discussion, it was moved by Chair Keenan and seconded by Agency Member Sondhi to approve the February 22, 1999 Agency minutes as submitted. The motion was unanimously carried by the following roll call vote: AYES: NOES: ABSENT: 5 AGENCY MEMBERS: McCoy, McGill, Piercy, Sondhi and Keenan 0 AGENCY MEMBERS: None 0 AGENCY MEMBERS: None Approval of Lease for Temporary Parkinfl at the Northeast Corner of Watson Street and Lincoln Avenue: Alice Angus, Deputy Director, presented the report which presented a lease signed by the representative of the trust ownership for the lot at the northeast corner of Watson and Lincoln Avenue. During the construction period, staff is working closely with business owners to minimize disruptions and inconvenience to customers. Staff has identified the vacant parcel at the northeast corner of Watson Street and Lincoln Avenue (APN 262-424-09) as a convenient site for providing temporary customer parking. The property owner, the Ruth Ainsworth Roe Trust, has agreed to lease the subject parcel to the Redevelopment Agency for a period commencing April 1, 1999, and ending September 1, 1999, at a monthly rent of $200. At the end of this initial lease term, the Agency may elect to continue to lease the property on a month- to-month basis for an additional period not to exceed a total of six months. The subject property will be used solely for the purpose of providing temporary public parking. The Agency will be responsible for removing the existing chain link fence and constructing a temporary asphalt parking lot. Upon termination of the lease, the Agency will restore the chain link fence. It was recommended that the Cypress Redevelopment Agency Board approve the Lease Agreement for temporary parking at the northeast corner of Watson Street and Lincoln Avenue. Agency Member Sondhi asked, in terms of fiscal impact, if the City will be accruing $4,900 total cost if the lease is extended beyond the six months. Ms. Angus concurred and informed that money has been allocated. Agency Member McCoy asked for clarification on the costs to the City. Ms. Angus MINUTES OF A REGULAR MEETING OF THE CYPRESS REDEVELOPMENT AGENCY HELD April t2, 1999 Agency Chairman Keenan called the meeting of the Cypress Redevelopment Agency to order at 10:20 p.m., in the Council Chamber, 5275 Orange Avenue, Cypress. PRESENT: Agency Members McCoy, McGill and Sondhi Agency Vice Chair Piercy and Chair Keenan ABSENT: None MINUTES: Approval of Minutes of February 22, 1999 Vice Chair Piercy suggested that the word "indicated" on the last sentence, on page one, be replaced with "opinion" as it does not read that Chairman Keenan is giving his opinion. Chairman Keenan explained that "indicated" states his opinion. Following a brief discussion, it was moved by Chair Keenan and seconded by Agency Member Sondhi to approve the February 22, 1999 Agency minutes as submitted. The motion was unanimously carried by the following roll call vote: AYES: 5 AGENCY MEMBERS: McCoy, McGilI, Piercy, Sondhi and Keenan NOES: 0 AGENCY MEMBERS: None ABSENT: 0 AGENCY MEMBERS: None Approval of Lease for Temporary Parkino at the Northeast Corner of Watson Street and Lincoln Avenue: Alice Angus, Deputy Director, presented the report which presented a lease signed by the representative of the trust ownership for the lot at the northeast corner of Watson and Lincoln Avenue. During the construction period, staff is working closely with business owners to minimize disruptions and inconvenience to customers. Staff has identified the vacant parcel at the northeast corner of Watson Street and Lincoln Avenue (APN 262-424-09) as a convenient site for providing temporary customer parking. The property owner, the Ruth Ainsworth Roe Trust, has agreed to lease the subject parcel to the Redevelopment Agency for a period commencing April 1, 1999, and ending September 1, 1999, at a monthly rent of $200. At the end of this initial lease term, the Agency may elect to continue to lease the property on a month- to-month basis for an additional period not to exceed a total of six months. The subject property will be used solely for the purpose of providing temporary public parking. The Agency will be responsible for removing the existing chain link fence and constructing a temporary asphalt parking lot. Upon termination of the lease, the Agency will restore the chain link fence. It was recommended that the Cypress Redevelopment Agency Board approve the Lease Agreement for temporary parking at the northeast corner of Watson Street and Lincoln Avenue. Agency Member Sondhi asked, in terms of fiscal impact, if the City will be accruing $4,900 total cost if the lease is extended beyond the six months. Ms. Angus concurred and informed that money has been allocated. Agency Member McCoy asked for clarification on the costs to the City. Ms. Angus exl01ained that the Citv will not be obt~inin~ r~nt h~f will h¢~ I~intt fh~ rtr~tr~.~,, ~{- ~ 07/06/99REDEVELOPMENT AGENCY MINUTES April 12, 1999 Street and Lincoln Avenue. The motion was unanimously carried by the following roll call vote: AYES: NOES: ABSENT: 5 AGENCY MEMBERS: McCoy, McGilI, Piercy, Sondhi and Keenan 0 AGENCY MEMBERS: None 0 AGENCY MEMBERS: None ADJOURNMENT: Agency Chairman Keenan adj~eeting at t0:38 p.m. CHAIRMAN OF THE CYPRESS REDEVELOPMENT AGENCY ATTEST: ~RY OF THE CYPRESS REDEVELOPMENTAGENCY