CRA 92-12-14 MINUTES OF A MEETING OF THE
CYPRESS REDEVELOPMENT AGENCY
HELD
December 14, 1992
Mayor Kerry called the meeting of the Cypress Redevelopment Agency to order at
9:06 p.m. on Monday, December 14, 1992 in the Cypress City Council Chamber,
5275 Orange Avenue, Cypress, California
PRESENT:Agency Members Bowman, Nicholson and Kerry
ABSENT:Agency Members Age and Partin
MINUTES: It was moved by Agency Member Bowman and seconded by Agency Member
Nicholson to approve the Minutes of November 9, 1992. The motion unanimously
carried by the following roll call vote:
AYES:3 AGENCY MEMBERS: Bowman, Nicholson and Kerry
NOES:0 AGENCY MEMBERS: None
ABSENT: 2 AGENCY MEMBERS: Age and Partin
CONSIDERATION OF CYPRESS REDEVELOPMENT AGENCY REORGANIZATION: The staff
report dated December 9, 1992 advised that pursuant to past policy, the
Cypress Redevelopment Agency reorganized following the reorganization of the
City Council
It was moved by Agency Member Bowman and seconded by Agency Member Nicholson
to elect Mayor Kerry as Chairman and Mayor Pro Tem Age as Vice Chairman of the
Redevelopment Agency. The motion unanimously carried by the following roll
call vote:
AYES:3 AGENCY MEMBERS: Bowman, Nicholson and Kerry
NOES:0 AGENCY MEMBERS: None
ABSENT:2 AGENCY MEMBERS: Age and Partin
CONSIDERATION OF A THIRD 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 presented the staff report dated December 7, 1992,
which indicated one provision of the Agreement between the Cypress
Redevelopment Agency and the Cypress School District was to facilitate a land
transaction whereby the Agency, instead of purchasing all of the remaining
Cypress Elementary School site property, agreed to trade 2.32 acres of the
Cypress Elementary School site for Wicker Drive properties of an equal area.
Because additional time is necessary in order to negotiate a Development
Agreement with Hyter Development Co., Inc., a third extension of the Agreement
is necessary. The School District, at its meeting on December 8, 1992,
authorized a third extension of 30 days. This matter is now before the
Cypress Redevelopment Agency for authorization of a similar extension.
It was moved by Agency Member Bowman and seconded by Agency Member Nicholson
to authorize the Executive Director to officially notify the School District
of the Agency's Agreement to a third extension of the 1989 Tax Increment "Pass
Thru" Agreement for a period of 30 days, effective January 24, 1993. The
motion unanimously carried by the following roll call vote:
AYES:3 AGENCY MEMBERS: Bowman, Nicholson and Kerry
NOES:0 AGENCY MEMBERS: None
ABSENT: 2 AGENCY MEMBERS: Age and Partin
After a question and answer period, it was moved by Councilmember Nicholson
and seconded by Councilmember Bowman to approve and refer the Fiscal Year
1991-1992 Annual Report to the legislative body (City Council) and the
California State Department of Housing and Community Development. The motion
unanimously carried by the following roll call vote:
AYES:3 AGENCY MEMBERS: Bowman, Nicholson and Kerry
NOES:0 AGENCY MEMBERS: None
ABSENT:2 AGENCY MEMBERS: Age and Partin
ADJOURNMENT: Agency Chairman Kerry adjourned the meeting at 9:20 p.m.
CHAIRMAN OF THE CYOASS
REDEVELOPMENT AGENCY
ATTEST:
SECREf-Ak'r OF THE'-CYPRVS REDEVELOPMENT
AGENCY