CRA 94-08-08 MINUTES OF A REGULAR MEETING OF THE
CYPRESS REDEVELOPMENT AGENCY
HELD
August 8, 1994
Agency Vice Chairman Nicholson called the meeting of the Cypress
Redevelopment Agency to order at 9:02 p.m. on Monday, August 8,
1994, in the Council Chamber, 5275 Orange Avenue, Cypress.
PRESENT:Agency Members Age, Bowman, Kerry and Nicholson
ABSENT:Agency Chairman Partin
MINUTES: It was moved by Agency Member Age and seconded by
Agency Member Bowman to approve the Minutes of July 24, 1994 as
submitted. The motion unanimously carried by the following roll
call vote:
AYES:4 AGENCY MEMBERS: Age, Bowman, Kerry and
Nicholson
NOES:0 AGENCY MEMBERS: None
ABSENT: 1 AGENCY MEMBERS: Partin
CONSIDERATION OF COOPERATIVE AGREEMENT WITH COUNTY OF ORANGE FOR
ISSUANCE OF REVENUE BONDS FOR THE PURCHASE OF TARA VILLAGE
APARTMENT COMPLEX, LOCATED AT 5201 LINCOLN AVENUE: The Executive
Director advised that there has been a request for a continuance
on this item. Agency Member Kerry expressed a concern relative
to the purchaser requesting abatement from the tax roles
resulting in a minor decrease in property tax revenues. She did
not want this to be construed as the City approving something
that could financially impact the schools and she asked that it
be reviewed for any implications of that sort.
It was moved by Councilmember Bowman and seconded by
Councilmember Age to continue this item to the meeting of August
22, 1994. The motion unanimously carried by the following roll
call vote:
AYES:4 AGENCY MEMBERS: Age, Bowman, Kerry and
Nicholson
NOES:0 AGENCY MEMBERS: None
ABSENT:1 AGENCY MEMBERS: Partin
ADJOURNMENT: Agency Vice Chairman adjourned the meeting at 9:05
p.m.
VICE-CHA FOF 't!rE
REDEVELOPMENT AGENCY
ATTEST:
SECRETARY OP 'MG-CYPP /As,q REDEVELOPMENT AGENCY