CRA 83-03-07 MINUTES OF A MEETING OF THE CYPRESS
COMMUNITY REDEVELOPMENT AGENCY
HELD
March 7, 1983
Chairman Kanel called the meeting of the Cypress Redevelopment Agency to order at 8:17
p.m. on Monday, March 7, 1983, in the Administrative Conference Room of the Cypress City
Hall, 5275 Orange Avenue, Cypress, California.
PRESENT:Agency Members Lacayo, Mullen, Partin & Kanel
ABSENT: Agency Member Coronado
MINUTES:
It was moved by Member Lacayo, seconded by Member Mullen and carried, with Chairman
Kanel abstaining, to approve the minutes of June 28, 1982.
It was moved by Member Lacayo, seconded by Member Mullen and carried, with Member
Partin abstaining, to approve the minutes of February 14, 1983.
CONTINUATION OF CONSIDERATION OF RESOLUTION ACCEPTING THE CONVEYANCE
OF CITY OWNED PROPERTY LOCATED IN THE CIVIC CENTER PROJECT AREA; AND
CONTINUATION OF CONSIDERATION OF RESOLUTION ACCEPTING A LINE OF CREDIT
FROM THE CITY FOR ACQUISITION OF PROPERTY: The City Manager presented reports
dated March 3 indicating these items were continued from the February 14 meeting, and
reports dated February 4 which transmitted the two Resolutions.
It was moved by Member Mullen and seconded by Member Lacayo to adopt the Resolutions by
title only, titles as follows, with the provision that the Agency is obligated to pay an annual
interest rate of 12%:
RESOLUTION NO. CRA - 13
A RESOLUTION OF THE CYPRESS REDEVELOPMENT AGENCY ACCEPTING
THE CONVEYANCE OF CERTAIN REAL PROPERTY LOCATED IN THE CIVIC
CENTER PROJECT AREA FROM THE CITY OF CYPRESS AND
AUTHORIZING CERTAIN ACTIONS IN CONNECTION THEREWITH.
RESOLUTION NO. CRA - 14
A RESOLUTION OF THE CYPRESS REDEVELOPMENT AGENCY ACCEPTING
A LINE OF CREDIT FROM THE CITY'S GENERAL FUND FOR THE
ACQUISITION OF PROPERTY IN THE CIVIC CENTER PROJECT AREA.
The motion unanimously carried by the following roll call vote:
AYES: 4 AGENCY MEMBERS: Lacayo, Mullen, Partin & Kanel
NOES: 0 AGENCY MEMBERS: None
ABSENT: 1 AGENCY MEMBERS: Coronado
ADJOURNMENT: There being no further business, Chairman Kanel adjourned the meeting at
8:21 p. m.
CHAIRMAN
ATTEST:
SECRETARY