CRA 94-09-12 MINUTES OF A REGULAR MEETING OF THE
CYPRESS REDEVELOPMENT AGENCY
HELD
September 12, 1994
Agency Chairman Partin called the meeting of the Cypress
Redevelopment Agency to order at 11:05 p.m. on Monday, September
12, 1994, in the Council Chamber, 5275 Orange Avenue, Cypress.
PRESENT:Agency Members Age, Bowman, Kerry, Nicholson and
Partin
A13SENT: None
MINUTES: It was moved by Agency Member Age and seconded by
Agency Member Bowman to approve the Minutes of August 22, 1994 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
RECONSIDERATION OF COOPERATIVE AGREEMENT FOR TARA VILLAGE
APARTMENT COMPLEX, 5201 LINCOLN AVENUE, CYPRESS: The staff
report dated August 30, 1994 identified and explained the several
areas of concern the Redevelopment Agency had regarding the non-
profit organization purchasing the project and the overall
financial impacts of the project.
It was moved by Councilmember Age and seconded by Councilmember
Kerry to deny the Cooperation Agreement with the County of Orange
for the issuance of financing bonds for the purchase of the Tara
Village Apartment Complex located at 5201 Lincoln Avenue.
AYES:5 AGENCY MEMBERS: Age, Bowman, Kerry, Nicholson
and Partin
NOES:0 AGENCY MEMBERS: None
ABSENT: 0 AGENCY MEMBERS: None
CONSIDERATION OF STATUS OF WICKER DRIVE PROPERTIES: The staff
report dated Septemer 7, 1994 indicated that the Council had
requested this item be placed on the September 12, 1994 agenda.
The Executive Director reported that this item was discussed at
length during the 4:00 p.m. workshop session held this afternoon.
It was moved by Councilmember Nicholson and seconded by
Councilmember Kerry to receive and file the 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
11:10 P.M.