R-9562
City Council Meeting 8/8/2000
Santa Monica, California
RESOLUTION NUMBER 9562 (CCS)
(City Council Series)
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF SANTA MONICA ESTABLISHING
. THE 2000 MAXIMUM ALLOWABLE RENTS FOR
THE AFFORDABLE HOUSING PRODUCTION PROGRAM
WHEREAS, the City Council of the City of Santa Monica adopted Ordinance
Number 1918 (CCS) on July 21, 1998, Santa Monica Municipal Code Sections 9.56 et seq.
("the Affordable Housing Production Program"); and
WHEREAS, Santa Monica Municipal Code Section 9.56.100 provides that the City
Council by Resolution shall establish and adjust on an annual basis the maximum
affordable rents for affordable housing units under the Affordable Housing Production
Program.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SANTA MONICA
DOES RESOLVE AS FOLLOWS:
SECTION 1.
The maximum allowable rents for affordable housing units
developed under the Affordable Housing Production Program are as shown in Attachment
1 attached hereto and incorporated herein by reference.