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CRA 2011-03-08MINUTES OF AN ADJOURNED REGULAR MEETING OF THE CYPRESS REDEVELOPMENT AGENCY HELD March 8, 2011 The adjourned regular meeting of the Cypress City Council was called to order at 12:01 p.m. by Mayor Mills in the Executive Board Room, 5275 Orange Avenue, Cypress, California. Members present: Mayor /Agency Chair Leroy Mills Mayor Pro Tem /Agency Vice Chair Todd Seymore Council /Agency Board Member Doug Bailey Council /Agency Board Member Prakash Narain Members absent: Council /Agency Board Member Phil Luebben Staff present: City Manager John Bahorski City Attorney William Wynder Agency Counsel Dan Slater Assistant City Manager /Director of Finance and Administrative Services Richard Storey Director of Community Development Ted Commerdinger Public Works Director Doug Dancs Redevelopment Project Manager Steve Clarke City Clerk Denise Basham ORAL COMMUNICATIONS: None. CITY OF CYPRESS AND CYPRESS REDEVELOPMENT AGENCY ITEMS (1 -5): Item No. 1: CONSIDERATION OF A RESOLUTION OF THE CYPRESS REDEVELOPMENT AGENCY APPROVING A FUNDING AGREEMENT BY AND BETWEEN THE AGENCY AND THE CITY OF CYPRESS, AND MAKING THE FINDINGS REQUIRED BY HEALTH SAFETY CODE SECTION 33445, FOR AGENCY FUNDING OF THE LINCOLN AVENUE SEWER PROJECT. Agency Member Bailey asked if the effective date of the bill would be July 1, 2011, or immediately. Agency Counsel replied that if the bill is adopted by a two thirds vote, it would be effective immediately upon the Governor's signature. He indicated that there are provisions in the bill that would not be in effect until July 1, 2011, including deeming redevelopment agencies eliminated. He stated that if the bill is adopted by a majority vote then it would either be effective on the 91 day after the adjournment of the special session or January 1, 2012. It was moved by Agency Vice Chair Seymore and seconded by Agency Member Narain, that the Cypress Redevelopment Agency adopt the Resolution by title only, approving a funding agreement by and between the Agency and the City of Cypress, and making the findings required by Health Safety Code Section 33445, for Agency funding of the Lincoln Avenue Sewer Project. The motion was carried by the following roll call vote: AYES: 4 AGENCY MEMBERS: Bailey, Narain, Seymore and Mills NOES: 0 AGENCY MEMBERS: None ABSENT: 1 AGENCY MEMBERS: Luebben CITY COUNCIL MINUTES MARCH 8, 2011 RESOLUTION NO. CRA -136 A RESOLUTION OF THE CYPRESS REDEVELOPMENT AGENCY, APPROVING A FUNDING AGREEMENT BY AND BETWEEN THE AGENCY AND THE CITY OF CYPRESS, AND MAKING THE FINDINGS REQUIRED BY HEALTH SAFETY CODE SECTION 33445, FOR AGENCY FUNDING OF THE LINCOLN AVENUE SEWER PROJECT. Item No. 2: CONSIDERATION OF A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CYPRESS APPROVING A FUNDING AGREEMENT BY AND BETWEEN THE CITY AND THE CYPRESS REDEVELOPMENT AGENCY, AND MAKING THE FINDINGS REQUIRED BY HEALTH SAFETY CODE SECTION 33445, FOR AGENCY FUNDING OF THE LINCOLN AVENUE SEWER PROJECT. It was moved by Mayor Pro Tem Seymore and seconded by Council Member Narain, that the City Council adopt the Resolution by title only, approving a funding agreement by and between the City and the Cypress Redevelopment Agency, and making the findings required by Health Safety Code Section 33445, for Agency funding of the Lincoln Avenue Sewer Project. The motion was carried by the following roll call vote: AYES: 4 COUNCIL MEMBERS: Bailey, Narain, Seymore and Mills NOES: 0 COUNCIL MEMBERS: None ABSENT: 1 COUNCIL MEMBERS: Luebben RESOLUTION NO. 6238 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CYPRESS, APPROVING A FUNDING AGREEMENT BY AND BETWEEN THE CITY AND THE CYPRESS REDEVELOPMENT AGENCY, AND MAKING THE FINDINGS REQUIRED BY HEALTH SAFETY CODE SECTION 33445, FOR AGENCY FUNDING OF THE LINCOLN AVENUE SEWER PROJECT. Item No. 3: MAKE A DETERMINATION OF THE CITY COUNCIL OF THE CITY OF CYPRESS, SITTING AS THE PLANNING AGENCY OF THE CITY OF CYPRESS, PURSUANT TO GOVERNMENT CODE SECTION 65402, THAT THE PROPOSED ACQUISITION BY THE CITY OF CYPRESS OF 13.329 ACRES AT THE NW CORNER OF WINNERS CIRCLE AND KATELLA AVENUE IN THE CITY OF CYPRESS, IS CONSISTENT WITH THE CITY'S GENERAL PLAN, IN THAT NO CHANGE OF GENERAL PLAN DESIGNATION SHALL OCCUR WITH THE CONVEYANCE OF THE PROPERTY. It was moved by Mayor Pro Tem Seymore and seconded by Mayor Mills, that the City Council, sitting as the Planning Agency of the City of Cypress, make a determination, pursuant to Government Code Section 65402, that the proposed acquisition by the City of Cypress of 13.329 acres at the NW corner of Winners Circle and Katella Avenue in the City of Cypress, is consistent with the City's General Plan, in that no change of General Plan designation shall occur with the conveyance of the property. The motion was carried by the following roll call vote: AYES: 4 COUNCIL MEMBERS: Bailey, Narain, Seymore and Mills NOES: 0 COUNCIL MEMBERS: None ABSENT: 1 COUNCIL MEMBERS: Luebben Item No. 4: APPROVAL BY THE CYPRESS REDEVELOPMENT AGENCY OF A PURCHASE AND SALE AGREEMENT BY AND BETWEEN THE CYPRESS REDEVELOPMENT AGENCY AND THE CITY OF CYPRESS FOR THE CONVEYANCE BY THE AGENCY TO THE CITY OF THE 13.329 ACRE PARCEL AT THE NW CORNER OF WINNERS CIRCLE AND KATELLA AVENUE, AND AUTHORIZATION TO THE EXECUTIVE DIRECTOR TO EXECUTE ALL DOCUMENTS NECESSARY TO EFFECT THE CONVEYANCE BY THE AGENCY. 2 CITY COUNCIL MINUTES MARCH 8, 2011 Agency Member Narain asked about the price for property. Agency Counsel stated that the property price is $11.9 million for the 13 acre parcel subject to a future evaluation. Agency Member Bailey asked if this action would reduce the Agency's note to the City. Agency Counsel responded in the affirmative. The Assistant City Manager /Director of Finance and Administrative Services stated that the note allows for a reduction in principal if the land is sold. Agency Member Narain asked if the Redevelopment Agency would still owe the City money. The Assistant City Manager /Director of Finance and Administrative Services replied that the Redevelopment Agency would owe the City $30 million, however, the note is not tied directly to the land. He informed that the Redevelopment Agency would use the money received from the sale of the land to pay off the note. It was moved by Agency Member Narain and seconded by Agency Vice Chair Seymore, that the Cypress Redevelopment Agency approve a Purchase and Sale Agreement by and between the Cypress Redevelopment Agency and the City of Cypress for the conveyance by the Agency to the City of the 13.329 acre parcel at the NW corner of Winners Circle and Katella Avenue, and authorization to the Executive Director to execute all documents necessary to effect the conveyance by the Agency. The motion was carried by the following roll call vote: AYES: 4 AGENCY MEMBERS: Bailey, Narain, Seymore and Mills NOES: 0 AGENCY MEMBERS: None ABSENT: 1 AGENCY MEMBERS: Luebben Item No. 5: APPROVAL BY THE CITY COUNCIL OF THE CITY OF CYPRESS OF A PURCHASE AND SALE AGREEMENT BY AND BETWEEN THE CYPRESS REDEVELOPMENT AGENCY AND THE CITY OF CYPRESS FOR THE CONVEYANCE BY THE AGENCY TO THE CITY OF THE 13.329 ACRE PARCEL AT THE NW CORNER OF WINNERS CIRCLE AND KATELLA AVENUE, AND AUTHORIZATION TO THE CITY MANAGER TO EXECUTE ALL DOCUMENTS NECESSARY TO EFFECT THE CONVEYANCE TO THE CITY. It was moved by Mayor Pro Tem Seymore and seconded by Council Member Bailey, that the City Council approve a Purchase and Sale Agreement by and between the Cypress Redevelopment Agency and the City of Cypress for the conveyance by the Agency to the City of the 13.329 acre parcel at the NW corner of Winners Circle and Katella Avenue, and authorization to the City Manager to execute all documents necessary to effect the conveyance to the City. The motion was carried by the following roll call vote: AYES: 4 COUNCIL MEMBERS: Bailey, Narain, Seymore and Mills NOES: 0 COUNCIL MEMBERS: None ABSENT: 1 COUNCIL MEMBERS: Luebben Council Member Narain asked about the timeline for the City to receive the $30 million from the Redevelopment Agency. The Assistant City Manager /Director of Finance and Administrative Services stated that according to the debt schedule the monies would be due June 30, 2012. Agency Counsel suggested that when the debt schedule date approaches that the City submit a demand to the County Auditor Controller for a $30 million check and if it is not received, appropriate action be taken. 3 CITY COUNCIL MINUTES MARCH 8, 2011 Agency Counsel stated that the oversight board that is created would approve the list of debts. Council Member Narain asked who originally purchased the 13 acre property. The Director of Community Development responded that the Redevelopment Agency purchased the property with money from a note from the City. ADJOURNMENT: Mayor Mills adjourned the meeting at 12:35 p.m., to Monday, March 14, 2011, beginning at 5:30 p.m. in the Executive Board o 5275 0 nge Avenue, Cypress, California. ATTEST: CITY CLERK OF THE CITY OF CYPRESS 4 MA F THE CITY OF CYPRESS