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CRA 94-07-25 MINUTES OF A REGULAR MEETING OF THE CYPRESS REDEVELOPMENT AGENCY HELD July 25, 1994 Agency Chairman Partin called the meeting of the Cypress Redevelopment Agency to order at 9:30 p.m. on Monday, July 25, 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 June 27, 1994 and July 11, 1994 as submitted. Agency Member Bowman abstained on the of June 27, 1994 minutes due to his absence at that meeting. 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 ACOUISITION OF REAL PROPERTY LOCATED AT 9371 AND 9373 WALKER STREET, CYPRESS, CALIFORNIA - ASSESSORIS PARCEL NUMBER 244-451-05: The staff report dated July 18, 1994 provided background information on the Civic Center Project Area, Sub-area A, and the acquisition of parcels located at the Northwest corner of Walker Street and Orange Avenue. The negotiation of the purchase of the real property located at 9371 and 9373 Walker Street has been accomplished. Mabel Davidson, on behalf of the Willard H. Davidson Trust, has accepted the Agency's offer of Two hundred fifty-six thousand dollars ($256,000). She has agreed to pay the title fee, transfer stamp tax and one-half of the escrow fees. It was moved by Agency Member Bowman and seconded by Agency Member Age to: 1.Authorize the Executive Director to execute the purchase of the subject property from the Willard H. Davidson Trust for the Agency's offer of Two hundred fifty-six thousand dollars ($256,000) ; and 2.Approve the payment by the Agency of one-half of the escrow fees. 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 - MABEL W. DAVIDSON, 9371 AND 9373 WALKER STREET, CYPRESS, CALIFORNIA ASSESSOR'S PARCEL NUMBER 244-451- r) r, -9"k- -----4- A - +- -,4 -1 . - @ @I nn. --@ -I-- REDEVELOPMENT AGENCY MINUTES July 25, 1994 1.Approve a replacement housing payment for Mabel W. Davidson in the amount of $22,500 and waive the calculation procedures for the payment; 2.Approve moving expense reimbursement in the amount of $1,450; and 3.Authorize the Executive Director to tender payment, subject to the consummation of the Agency's acquisition of the referenced property. 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 INFORMATIONAL REPORT ON THE AGENCY'S HOUSING NEEDS ASSESSMENT: The Deputy Executive Director summarized the staff report dated June 30, 1994, which indicated that a comprehensive housing strategy for the community was being prepared. The report analyzed the current status of the Agency's compliance with its housing obligations and the city's obligations contained in the Housing Element and its regional housing needs. The assessment included the compliance status of the Agency's requirement to deposit and expend specified percentages of tax increment revenue for affordable housing, replace affordable housing units removed, cause specified percentages of new or rehabilitated housing units in a project area to be available and the City's progress in meeting its regional housing needs. The Redevelopment Consultant, Jennifer Thornbury, who prepared the document, provided an analysis for each of the project areas. Ms. Thornbury commented that possibly the document will influence the policies and objectives as far as how the dollars in the low and moderate income housing fund are spent. The Planning Director will be coming back at the September 12, 1994 meeting with a menu and an analysis. It was moved by Agency Member Bowman and seconded by Agency Member Nicholson to receive and file the informational report. 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 9:40 p.m. CIIAIRMAN OF THE CYPRESS