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CRA 2011-05-23MINUTES OF A REGULAR MEETING OF THE CYPRESS REDEVELOPMENT AGENCY HELD May 23, 2011 Agency Chair Mills called the meeting of the Cypress Redevelopment Agency to order at 6:00 p.m. in the Council Chambers, 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 Phil Luebben Council /Agency Board Member Prakash Narain Staff present: City Manager John Bahorski City Attorney William Wynder Assistant City Manager /Director of Finance and Administrative Services Richard Storey Director of Community Development Ted Commerdinger Police Chief Mark Yokoyama Public Works Director Doug Dancs Recreation and Community Services Director June Liu Police Captain Jackie Gomez Whiteley Planning Manager Doug Hawkins Redevelopment Project Manager Steve Clarke Senior Civil Engineer Alvin Papa Recreation Supervisor Shelly Myers Recreation Specialist Shayna Vazquez Administrative Services Manager Andrew Tse City Clerk Denise Basham JOINT PUBLIC HEARING WITH THE CYPRESS REDEVELOPMENT AGENCY: Item No. 2: JOINT PUBLIC HEARING TO APPROVE THE DISPOSITION AND DEVELOPMENT AGREEMENT BETWEEN THE CYPRESS REDEVELOPMENT AGENCY AND HABITAT FOR HUMANITY OF ORANGE COUNTY. The Redevelopment Project Manager provided background information on this item. Council /Agency Board Member Narain asked about the income requirements and how applicants are determined. Mr. Korando stated there is a selection process, however, if there are more applicants than units, then a lottery would be held. He informed of the criteria and assured that qualified applicants are matched with available units. Council /Agency Board Member Bailey asked how low income housing requirements are maintained. Mr. Korando replied that Habitat of Humanity has a purchase right of refusal. Mayor /Agency Chair Mills asked about the Assessor's Parcel Numbers of Property. The Redevelopment Project Manager responded that the Assessor's Parcel Numbers are valid. Mayor /Agency Chair Mills asked for clarification about the amount of financial assistance to Habitat of Humanity. The Redevelopment Project Manager stated that the Summary Report amount includes the price that Habitat for Humanity paid for the land. CYPRESS REDEVELOPMENT AGENCY MAY 23, 2011 Council /Agency Board Member Luebben stated that based on the approximate purchase price, the citizens of Cypress are investing $100,000 in equity into each unit. He asked staff for clarification on this. The Redevelopment Project Manager stated that Habitat for Humanity purchased the property in 2003 with low- moderate housing funds and redevelopment law requires that the City pursue an affordable housing project. Mayor Pro Tem /Agency Vice Chair Seymore commented that the homes are built by professionals along with a large volunteer commitment and indicated the importance of Habitat for Humanity. He stated that the value and equity of the units is usually lower than that of a typical home. The public hearing was opened. Mayor /Agency Chair Mills asked if there was anyone who wished to speak in favor of the item. Mayor /Agency Chair Mills asked if there was anyone who wished to speak against the item. The public hearing was closed. It was moved by Mayor Pro Tem /Agency Vice Chair Seymore and seconded by Council /Agency Board Member Narain, that the Agency Board and City Council: 1) Hold a Joint Public Hearing on the Disposition and Development Agreement between the Agency and Habitat for Humanity of Orange County in accordance with Community Redevelopment Law Section 33433; and 2) Adopt the Agency Resolution by title only, approving the Disposition and Development Agreement; and 3) Adopt the City Council Resolution by title only, approving the Disposition and Development Agreement. The motion was unanimously carried by the following roll call vote: AYES: 5 COUNCIL /AGENCY MEMBERS: Bailey, Luebben, Mills, Seymore and Mills NOES: 0 COUNCIL /AGENCY MEMBERS: None ABSENT: 0 COUNCIL /AGENCY MEMBERS: None ADJOURNMENT: Agency Chairperson Mills adjour -d the meeting at 8:17 p.m. ATTEST: RESOLUTION NO. CRA -137 A RESOLUTION OF THE CYPRESS REDEVELOPMENT AGENCY, APPROVING A DISPOSITION AND DEVELOPMENT AGREEMENT BETWEEN THE CYPRESS REDEVELOPMENT AGENCY AND HABITAT FOR HUMANITY OF ORANGE COUNTY. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CYPRESS, APPROVING A DISPOSITION AND DEVELOPMENT AGREEMENT BETWEEN THE CYPRESS REDEVELOPMENT AGENCY AND HABITAT FOR HUMANITY OF ORANGE COUNTY. SECRETARY OF THE CYPRESS REDEVELOPMENT AGENCY RESOLUTION NO. 6248 2 CHA 'SON OF THE CYPRESS DEVELOPMENT AGENCY