Resolution No. 424214
RESOLUTION NO. 4242
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CYPRESS
APPROVING A LAND TRANSFER BY AND BETWEEN THE CYPRESS
REDEVELOPMENT AGENCY AND THE CYPRESS ELEMENTARY
SCHOOL DISTRICT FOR THE 2.3 ACRE PARCEL TO THE REAR OF
THE SENIOR CITIZENS CENTER (9031 GRINDLAY STREET).
A. Recitals.
(i)
part as follows:
California Health and Safety Code Section 33433 provides in pertinent
"Before any property of the Agency acquired in whole or in part, directly or
indirectly, with tax increment monies is sold or leased for development pursuant to
the Redevelopment Plan, such sale or lease shall first be approved by the legislative
body after public hearing. Notice of the time and place of the hearing shall be
published in a newspaper of general circulation in the community for at least two
successive weeks prior to the hearing.
"... The resolution approving such lease or sale shall be adopted by
a majority vote ... and shall contain findings that the consideration is not less
than fair market value in accordance with covenants and conditions governing
such sale or lease or, with respect to any sale or lease at less than estimated
value, determined at the highest use permitted under the plan, that such lesser
consideration is necessary to effectuate the purposes of the plan."
(ii) In accordance with Sections 33433 of the California Health and Safety
Code, this Council conducted a duly noticed public hearing on the subject matter of a
proposed transfer of 2.3 acres between the Cypress Redevelopment Agency and the Cypress
Elementary School District, concerning the transfer of that property generally located at the
southwest corner of Grindlay Street and Lincoln Avenue in Cypress, California.
(iii) All legal prerequisites to the adoption of this Resolution have occurred.
B. Resolution.
NOW, THEREFORE, it hereby is found, determined and resolved by the
Council of the City of Cypress as follows:
1. This Council hereby finds that all of the facts set forth in the Recitals,
Part A, of this Resolution are true and correct.
2. This Council hereby specifically finds that the consideration to be
received by Agency for the potential disposition by Agency of certain property interests is
not less than the fair market value of those property interests as noted in the requisite
report entitled "Report on the Proposed Disposition of Real Property" dated September 1,
1993.
3. This Council hereby approves the Agreement.
4. This Council further specifically authorizes and directs City's staff to
promptly take any and all actions necessary to implement the Agreement and each and
every term and provision contained in the Agreement.
5. The City Clerk shall certify to the adoption of this Resolution.
PASSED AND ADOP IED by the City Council of the City of Cypress at a regular
meeting held on the 27th day of September , 1993.
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MAYOR OF THE CIT CYPRESS
ATTEST:
CITY CLERK F THE C TY OF CYPRESS
STATE OF CALIFORNIA
COUNTY OF ORANGE
SS
I, DARRELL ESSEX, City Clerk of the City of Cypress, DO HEREBY CERTIFY
that the foregoing Resolution was duly adopted at a regular meeting of the said City Council
held on the 27th day of September 1993, by the following roll call vote:
AYES: 5 COUNCIL MEMBERS: Age, Bowman, Nicholson, Partin and
Kerry
NOES: 0 COUNCIL MEMBERS: None
ABSENT: 0 COUNCIL MEMBERS: None
CITY CLERK OF TH CITY OF CYPRESS
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