R-396
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RESOLUTION NUMBER 396
(RAS)
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF
THE CITY OF SANTA MONICA INVOKING THE PROVISIONS
OF HEALTH AND SAFETY CODE SECTION 33334.2 FINDING
THAT THE PROVISION OF LOW AND MODERATE INCOME
REPLACEMENT HOUSING WILL BE OF BENEFIT TO THE
OCEAN PARK REDEVELOPMENT PROJECT AREA AND
AUTHORIZING THE EXPENDITURE OF AGENCY FUNDS FOR
SUCH PURPOSE
WHEREAS, the ~edevelopment plans fo~ the Ocean Pa~k
Redevelopment P~ojects l(a) and l(b) (hereinafter referred to
collectively as "Ocean Park Redevelopment Project") were
adopted by the City Council by Ordinance Number 497 on June
30, 1960, and Ordinance Number 516 on January 17, 1961,
respectively; and
WHEREAS, It was necessary for the Agency to demolish and
remove approXimately 700 low and mode~ate income housing units
in the course of implementIng the Ocean Park Redevelopment
ProJect; and
WHEREAS, the Redevelopment Agency desires to replace
this housing by providing housing outSide the Project Area
boundaries, available at affordable costs for persons and
families of low and moderate income; and
WHEREAS, Health and Safety Code Section 33334.2(g)
requlres that expenditure of tax increment funds for low and
moderate
hOUSing
may
only be used outSIde a
Income
redevelopment project area upon a resolution of the Agency and
the leglslative body that such use will be of benefIt to such
redevelopment
and
further prOVides that such
project,
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determinat10n by the Agency and the legislat1ve body shall be
final and conclusive as to the issue of benefit to the Project
Area; and
WHEREAS, the Legislature has found and declared 1n
Health and Safety Code Section 33334.2 that the provis1on of
replacement housing pursuant to the Commun1ty Redevelopment
Law is always of benefit to a Redevelopment Project; and
WHEREAS, a judgment was entered 1n the Superior Court of
Los Angeles on August 12, 1983, requiring the Agency and City
to comply with the terms of an Amended Sales Agreement for
Private Development (the "Amended Sales Agreement") perta1n1ng
to completion of Phase II of the Ocean Park Redevelopment
Project Area; and
WHEREAS, said Amended Sales Agreement imposes a legal
obligation upon the Agency to construct 5S units of housing
affordable to low and moderate income persons and famil1es
within the area bounded by Pico and Lincoln Boulevards, the
C1ty boundar1es, and the Pac1fic Ocean; and
WHEREAS, the Redevelopment Agency des1res to provide
f1nancing for construction of such 55 units of low and
moderate income housing outside of the boundaries of the Ocean
Park Redevelopment Project Area; and
WHEREAS, sa1d 55 units of low and moderate income
housing will require the expenditure of $3,500,000 of Agency
funds,
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NOW) THEREFORE, THE REDEVELOPMENT AGENCY OF THE CITY OF
SANTA MONICA DOES RESOLVE AS FOLLOWS:
SECTION
Agency finds and
The
Redevelopment
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determines that the Ocean Park Redevelopment Project will
benefit by the provision of 55 units of low and moderate
income replacement housing in accordance with Health and
Safety Code Sectlon 33334.2) and in accordance wlth the
Agency's legal obligations to comply with the Amended Sales
Agreement
for
of the Ocean Park
Private
Development
Redevelopment ProJect Area which includes a requirement for
the construction of such low and moderate Income housing.
SECTION 2. The Redevelopment Agency hereby authorlzes
the expendIture of $3,500,000 of Agency funds for purposes of
increaSIng and expanding the supply of low and moderate income
housing available at affordable costs within the City of Santa
MonIca for low and moderate income persons and families. Such
expenditure of Agency funds shall be for purposes of financing
S5 units of replacement low and moderate income hOUSIng.
SECTION 3.
The Agency Secretary 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:
ROBERT M. MYERS
Agency Attorney
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Adopted and approved thIS 23rd day of October 1984.
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Chairp-erson
I hereby certIfy that the foregolng ResolutIon No. 396(RAS)
was duly adopted by the Redevelopment Agency of the CIty of Santa
MonIca at a meetIng thereof held on October 23, 1984 by the
following Agency vote:
Ayes:
Conn, EpsteIn, JennIngs, Press,
Reed, Zane and Mayor Edwards
Agency Members:
Noes: Agency Members:
None
AbstaIn: Agency Members:
None
Absent: Agency Members:
None
ATTEST:
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Secretary