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CRA 94-01-10 MINUTES OF A REGULAR MEETING OF THE CYPRESS REDEVELOPMENT AGENCY HELD January 10, 1994 Agency Chairman Partin called the meeting of the Cypress Redevelopment Agency to order at 11:08 p.m. on Monday, January 10, 1994, in the Council Chamber, 5275 Orange Avenue, Cypress. PRESENT:Agency Members Age, Bowman, Kerry, Nicholson and Partin ABSENT: None MINUTES: It was moved by Agency Member Bowman and seconded by Agency Member Age to approve the Minutes of December 13, 1993 as submitted. 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 RELOCATION ASSISTANCE - ERSKINE PROPERTY TENANT: The Executive Director requested the Deputy Executive Director to present the staff report dated January 3, 1994, which indicated that the proposed relocation assistance and moving compensation was determined to be appropriate under California State law for the Watts household, an Erskine property tenant. They have informed staff that they are purchasing a home in the City of Fullerton and the estimated escrow closing date is January 31, 1994. A financial review to determine the amount of the down payment assistance to the Watts household on the purchase of a replacement dwelling indicated the payment to be the maximum amount of $5,250. The estimated moving expense for the Watts household is $1,050. It was moved by Agency Member Bowman and seconded by Agency Member Partin that the Redevelopment Agency: (1) approve the down payment assistance payment to the Watts household in the amount of $5,250; (2) authorize the Executive Director to either deposit the payment into the appropriate escrow account for the purchase or make payment directly to the Watts household upon receiving a certified copy of the closing escrow statement for the purchase; and (3) authorize the Executive Director to compensate the Watts household for actual reasonable moving expenses in accordance with the State of California regulated moving rates. 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 ADJOURNMENT: Agency Chairman Partin adjourned the meeting at 11:15 p.m.