R-206 (2)
(PAS)
RESOLUTION NUMBER 206
(Parking Authority Series)
RESOLUTION OF THE PARKING AUTHORITY OF THE CITY OF
SANTA MONICA APPROVING THE DEVELOPMENT OF SIXTY-SEVEN UNITS
OF AFFORDABLE SENIOR HOUSING UTILIZING THE AIR-RIGHTS OVER
PARKING LOT FOUR.
WHEREAS, it is the policy of this locality to preserve and
expand the supply of housing affordable to low income senior
citizens~ and
WHEREAS, nearly 2,300 households are on waiting lists for
uni ts in affordable senior developments in the Ci ty and over
2,200 senior households are on the Santa Monica section 8 rental
assistance program waiting list~ and
WHEREAS, the parking Authority owns land located at 1116-46
Fourth street, within the City of Santa Monica, which is commonly
known as Parking Lot Four: and
WHEREAS, the city has determined that the site located at
1116-46 Fourth street is an appropriate location for an
affordable senior housing proj ect because of its proximity to
public transportation routes,
shopping centers and social
services; and
WHEREAS, U. S. Department of Housing and Urban Development
Section 202 Loan Program funds are available for senior housing
projects.
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NOW, THEREFORE, THE PARKING AUTHORITY OF THE CITY OF SANTA
MONICA DOES RESOLVE AS FOLLOWS:
SECTION 1. The Parking Authority approves the development
of sixty-seven units of affordable housing utilizing the
air-rights over Parking Lot Four contingent upon financing from
the U.S. Department of Housing and Urban Development.
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:
~~~~
vi
Robert M. Myers
City Attorney
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.
Adopted and approved this 28th day of February, 1989.
. ~PQ:?O~~ ~
I hereby certify that the foregoing Resolution No. 206(PAS)
was duly adopted by the Parking Authority of the City of Santa
Monica at a meeting thereof held on February 28, 1989, by the
following Authority vote:
Ayes: Authority Members: Abdo, Finkel, Genser, Jennings,
Katz, Reed, Zane
Noes: Authority Members: None
Abstain: Authority Members: None
Absent: Authori ty Members: None
ATTEST: