R-9561
City Council Meeting 8/8/2000
Santa Monica, California
RESOLUTION NUMBER 9561 (CCS)
(City Council Series)
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF SANTA MONICA ESTABLISHING
- THE 2000 MAXIMUM ALLOWABLE RENTS AND
MAXIMUM ALLOWABLE PURCHASE PRICES
FOR THE INCLUSIONARY HOUSING PROGRAM
WHEREAS, the City Council of the City of Santa Monica adopted Ordinance
Number 1615 (CCS) on March 3,1992, Santa Monica Municipal Code Sections 9.28 et
seq, ("the Inclusionary Housing Program"); and
WHEREAS, Santa Monica Municipal Code Section 9.28.100 provides that the City
Council by Resolution shall establish and adjust on an annual basis the maximum
allowable rents and maximum allowable purchase prices for inclusionary units under the
Inclusionary Housing Program; Clnd
WHEREAS, the City Council of the City of Santa Monica adopted Ordinance
Number 1918 (CCS) on July21, 1998, Santa Monica Municipal Code Sections 9,56 etsea.
("the Affordable Housing Production Program"), replacing Santa Monica Municipal Code
Sections 9,28 et seq,; and
WHEREAS, Santa Monica Municipal Code Section 9,56,40 provides that multifamily
projects for which a development application was deemed complete priorto March 1,1998
shall be subject to the provisions of Santa Monica Municipal Code Sections 9.28 et seq.
as they existed on the date the application for the project was deemed complete,
NOW, THEREFORE, THE CITY COUNCil OF THE CITY OF SANTA MONICA
DOES RESOLVE AS FOllOWS:
SECTION 1.
The maximum allowable rents and maximum purchase prices
for inclusionary units developed under the Inclusionary Housing Program are as shown in
Attachment 1 attached hereto and incorporated herein by reference.
SECTION 2.
The City Clerk shall certify to the adoption of this Resolution,
and thenceforth and thereafter the same shall be in full force and effect.
APPROVED AS TO FORM:
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Marsha Jones Moutrie r .
City Attorney
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F:\HOUSING\SHARE\WPFILES\STAFFRPT\Inclusionary Amounts 2000 Reso 1615.wpd
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f:\...\wpfilesl\staffrpts\exhibits\OO Income Rent Price.xls\Max Inc, Rents & Price (1615)
7/12/2000
Adopted and approved this 8th of August, 2000,~
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Ken Genser, Mayor
I, Maria. M. Stewart, City Clerk of the City of Santa Monica, do hereby
certify that the foregoing Resolution 9561 (CCS) was duly adopted at a meeting
of the Santa Monica City Council held on the 8th of August, 2000, by the
following vote:
Ayes: Council members:
Holbrook, Rosenstein, McKeown,
Feinstein, Bloom, Mayor Pro Tem
O'Connor, Mayor Genser
Noes: Council members:
None
Abstain: Council members:
None
Absent Council members:
None
ATTEST:
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Maria M. Stewart