Agenda 2012-05-22AGENDA
CITY OF CYPRESS
CITY COUNCIL
SPECIAL MEETING
TUESDAY, MAY 22, 2012
5:30 P.M.
EXECUTIVE BOARD ROOM
5275 Orange Avenue
CYPRESS, CALIFORNIA
CALL TO ORDER 5:30 P.M.
Executive Board Room
ROLL CALL
MAYOR DOUG BAILEY
MAYOR PRO TEM PRAKASH NARAIN
COUNCILMEMBER PHIL LUEBBEN
COUNCILMEMBER LEROY MILLS
COUNCILMEMBER TODD SEYMORE
ORAL COMMUNICATIONS
The public may at this time address the members of the City Council
and the Cypress Redevelopment Agency on any matters within the
jurisdiction of the City Council and /or the Cypress Redevelopment
Agency, prior to any action taken on the Agenda. No action may be
taken on off - Agenda items except as authorized by law. Speakers
are requested to limit their comments to no more than three minutes
each.
This Agenda contains a brief general description of each item to be considered. Except as
otherwise provided by law, no action or discussion shall be taken on any item not appearing in the
following Agenda. Supporting documents, including staff reports, are available for review in the
City Clerk's office.
City Council Agendas /Minutes are available at www.ci.cypress.ca.us.
May 22, 2012 Page 2
SUCCESSOR AGENCY TO THE CYPRESS REDEVELOPMENT AGENCY MATTERS:
The Cypress City Council, Acting as the Successor Agency to the
Cypress Redevelopment Agency.
1. RECONSIDERATION OF RECOGNIZED OBLIGATION PAYMENT SCHEDULE
(ROPS), RESTATED AND RE- ENTERED REPAYMENT AGREEMENT, AND
AUTHORIZING A LETTER BE SENT TO THE AUDITOR - CONTROLLER
REGARDING DISPUTED ITEMS.
Prepared by: John B. Bahorski, City Manager and Richard Storey,
Assistant City Manager /Director of Finance and Administrative Services.
Recommended Action: That the Successor Agency: 1) Approve the Resolution
approving and ratifying a Restated and Re- Entered Repayment Agreement (loan
agreement) between the City in its capacity as a municipal corporation and the
Successor Agency; 2) Consider approval of the Resolution for the revised ROPS
for the period January 1, 2012 — June 30, 2012, and the period July 1, 2012 —
December 31, 2012 (collectively, the "ROPS "); and 3) Authorize the Mayor as
Chair of the Successor Agency to sign a letter to the County Auditor Controller
regarding the escrowing of funds until the disputed items on the ROPS are
resolved between the Successor Agency and the Department of Finance.
A Resolution of the Successor Agency to the Dissolved
Cypress Redevelopment Agency, Approving and Ratifying a
Restated and Re- Entered Repayment Agreement.
A Resolution of the Successor Agency to the Dissolved
Cypress Redevelopment Agency, Approving the Revised
Recognized Obligation Payment Schedule for the Period
January 1, 2012 through June 30, 2012, and for the Period
July 1, 2012 through December 31, 2012.
CITY OF CYPRESS:
2. RESTATED AND RE- ENTERED REPAYMENT AGREEMENT.
Prepared by: John B. Bahorski, City Manager and Richard Storey,
Assistant City Manager /Director of Finance and Administrative Services.
Recommended Action: That the City Council approve Resolution No. 6308
approving and ratifying a Restated and Re- Entered Repayment Agreement (loan
agreement) between the City in its capacity as a municipal corporation and the City
as Successor Agency to the dissolved Cypress Redevelopment Agency.
A Resolution of the City Council of the City of Cypress,
Approving and Ratifying a Restated and Re- Entered
Repayment Agreement as Approved by the Oversight
Board for the Successor Agency to the Dissolved Cypress
Redevelopment Agency.
May 22, 2012 Page 3
3. INTERVIEW OF COMMISSION /COMMITTEE APPLICANTS
ADJOURNMENT
The next meeting will be a Regular Meeting, to be held on Tuesday, May 29, 2012,
beginning at 5:30 p.m. in the Executive Board Room.
I hereby certify under penalty of perjury under the laws of the State of
California, that the foregoing Agenda was posted on the City Hall
bulletin board not less than 72 hours prior to the meeting. Dated this
15th day of May, 2012.
o- Denise Basham, City Clerk
IN COMPLIANCE WITH THE AMERICANS WITH DISABILITIES ACT, IF YOU
NEED SPECIAL ASSISTANCE TO PARTICIPATE IN THIS MEETING, YOU
SHOULD CONTACT THE OFFICE OF THE CITY CLERK AT (714) 229 -6683.
NOTIFICATION BY NOON ON MONDAY, MAY 21, 2012, WILL ENABLE THE
CITY TO MAKE REASONABLE ARRANGEMENTS TO ASSURE
ACCESSIBILITY TO THIS MEETING.