R-412
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RESOLUTION NUMBER 412 (RAS)
(Redevelopment Agency Series)
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE
CITY OF SANTA MONICA AUTHORIZING THE SALE OF LAND TO
COMMUNITY CORPORATION OF SANTA MONICA FOR THE DEVELOP-
MENT OF AFFORDABLE HOUSING.
WHEREAS, the Redevelopment Agency owns land located at:
3005 Highland Avenue, 2400 Fifth Street, 2207 sixth street, 518-
20 Pier Avenue, 642 Marine street, 504 Ashland Street, and 536
Ashland Street, herein referred to as land; and
WHEREAS, the Redevelopment Agency has approved and is en-
gaged in carrying out the Redevelopment Plan for the Ocean Park
Redevelopment Project; and
WHEREAS, the Redevelopment Plan for the Ocean Park Re-
development Project requires the construction of fifty-five (55)
units of affordable housing; and
WHEREAS, the Redevelopment Agency has purchased the land for
the development of fifty-five (55) units of affordable housing in
Ocean Park; and
WHEREAS, the Redevelopment Agency held a public hearing on
September 10, 1985 on the proposed sale of land without public
bid as required by California Health and Safety Code Section
33433; and
WHEREAS, the Redevelopment Agency has selected Community
Corporation of Santa Monica to develop the fifty-five (55) units
of affordable housing.
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NOW THEREFORE, THE REDEVELOPMENT AGENCY OF THE CITY OF SANTA
MONICA DOES RESOLVE AS FOLLOWS:
SECTION 1. The Redevelopment Agency agrees to sell the land
to Community Corporation of Santa Monica (CCSM) subject to:
A. Receipt of funding commitment from HUD under the Housing
Development Grant Program.
B. Execution of a Development and Disposition Agreement
between the Redevelopment Agency and CCSM.
C. A public hearing to be held at such time as the Re-
development Agency is requested to approve the Development and
Disposition Agreement between the Redevelopment Agency and CCSM.
SECTION 2. The Agency Secretary shall certify to the adop-
tion of this resolution, and thenceforth and thereafter the same
shall be in full force and effect.
APPROVED AS TO FORM:
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Robert M. Myers Z5
Agency Attorney
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Adopted and approved this 9th day of September, 1986.
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/ Chairperson
I hereby certify that the foregoing Resolution No. 412 (RAS)
was duly adopted by the Redevelopment Agency of the City of Santa
Monica at a meeting thereof held on September 9, 1986 by the
following Agency vote:
Ayes:
Agency Members:
Conn, Epstein, Jennings, A. Katz,
H. Katz, Zane and Mayor Reed
Noes: Agency Members:
None
Abstain: Agency Members:
None
Absent: Agency Members:
None
ATTEST:
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~-JL-7' 77, -~ M elkZ
Secretary