R-381
RESOLUTION NUMBER 381 (R;\S)
-
(Redevelopment Agency SerIes)
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF SANTA MONICA
INVOKING THE PROVISIONS OF HEALTH AND SAFETY CODE SECTION SECTION
33334.2 FIND I NG THAT THE PROVI S ION OF LOW AND MODERATE I NCOM E
REPLACEMENT HOUSING WILL BE OF BENEFIT TO THE OCEAN PARK REDEVELOPMENT
PROJECT.
WHEREAS, the Redevelopment Plan for the Ocean Park Redevelopment
ProJect l(b) (herelnafter "Ocean Park" Redevelopment ProJect) was
adopted by Ordlnance Number 516 of the Counc11 of the CIty of Santa
MonIca on January 17, 1961 and amended by OrdInance No. 896 on
September 12, 1972;
WHEREAS,
It was necessary for the Agency to demolIsh and remove
approxlmately 700 low and moderate 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 avaIlable at affordable cost for and persons and
famll1es of low and moderate Income; and
WHEREAS, the Redevelopment Agency desIres to make applIcable the
provIsIons of Health and Safety Code SectIon 33334.2 to the Downtown
Redevelopment ProJect.
NOW, THEREFORE, THE REDEVELOPMENT AGENCY OF THE CITY OF SANTA
MONICA DOES RESOLVE AS FOLLOWS:
SECTION 1.
The Redevelopment Agency hereby elects to make part
of the requIrements of Health and Safety Code SectIon 33334.2 (tax
Increment expendIture for low and moderate Income housIng) applIcable
to the Ocean Park Redevelopment ProJect subject to Indebtedness
incurred to Implement the ProJect, and only to the extent provIded for
.
1n each specifIc ImplementIng resolutIon that may be adopted from tIme
to tIme by the Redevelopment Agency.
1
.
.
.
SECTION 2. SUbJect to the avaIlabIlIty of funds to he provIded
at the dIscretIon of the Redevelopment Agency from tIme to tIme In
specIfIC ImplementIng resolutions, the Redevelopment Agency shall use
funds so authorIzed pursuant to Health and Safety Code SectIon
33334.2 for 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 famllles. Each
specIfIC Implementing resolutIon of the Redevelopment Agency shall be
deemed to be a determInation of the Redevelopment Agency that the
proviSIon of such housIng WIll Increase and Improve the supply of low
and moderate Income housIng avaIlable at affordable costs wlthln the
CIty of Santa MonIca, that the provISIon of such housIng IS of benefIt
to the Ocean park Redevelopment ProJect and that the Redevelopment
Agency IS Indebted to the extent necessary to provIde such housIng,
subJect to Indebtedness Incurred to Implement the Ocean Park
Redevelopment ProJect and only to the extent provIded for In each
specIfIC ImplementIng resolutIon that may be adopted from tIme to tIme
by the Redevelopment Agency appropriating/allocatIng funds and
provldlng for theIr expendIture. In increasIng and lmprvlng the
supply of low and moderate income housIng avaIlable at affordable cost
WIth monIes so approprlated/allocated the Redevelopment Agency may
exerCIse any or all of ItS powers IncludIng those set forth In Health
and Safety Code Section33334.2(d).
2
.
SECTION
4.
Each specific ImplementIng resolutIon of the
Redevelopment Agency appropriatIng/allocatIng for the provIsIon of
replacement housIng funds and provIdIng for theIr expendIture, shall
be deemed to be, to the extent provided therein, an electIon by the
Redevelopment Agency to make part of the requIrements of Health and
Safety Code SectIon 33334.2 applIcable to the Ocean Park Redevelopment
ProJect and an oblIgatIon of the Redevelopment Agency to meet such
requIrements to the extent provided thereIn, and shall constI tute an
indebtedness of the Redevelopment Agency for the Ocean Park
Redevelopment
funds
the
extent
of
the
ProJect
to
appropriated/allocated for the prOVIsIon of replacement housIng
pursuant to Health and Safety Code 33334.2.
SECTION 5. 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:
~ \-- '^-x----..
Robert M. Myers V
Agency Attorney
3
B
.
Adopted and approved this 8th day of May, 1984.
I hereby certify that the foregoing Resolution No. 381 (RAS)
was duly adopted by the Redevelopment Agency of the City of Santa
Monica at a meet1ng thereof held on May 8, 1984 by the following
Agency vote:
Ayes: Agency Members: Conn, Epstein, Jenn~ngs, Press,
Reed and Zane
Noes: Agency Members: None
Absent: Agency Members: Chalrperson Edwards
.
Abstain: Agency Members: None
ATTEST:
By (};'--71 l)~~
Secretary
.