R-480
Agency Meeting: January 28, 2003
Santa Monica, CA
RESOLUTION NUMBER 480
(RAS)
(Redevelopment Series)
A RESOLUTION OF THE REDEVELOPMENT AGENCY
OF THE CITY OF SANTA MONICA APPROVING
A REIMBURSEMENT AGREEMENT AND MAKING CERTAIN
DETERMINATIONS AND FINDINGS PURSUANT TO HEALTH AND
SAFETY CODE SECTION 33445
WHEREAS, the Redevelopment Agency of the City of Santa Monica (the
"Agency") has adopted a Redevelopment Plan for the Santa Monica Earthquake
Recovery Redevelopment Project (the "Redevelopment Plan") which results in the
allocation of taxes from the Project Area to the Agency for the purposes of
redevelopment; and
WHEREAS, the intent of the Redevelopment Plan is, in part, to provide for and
facilitate the repair, restoration and/or replacement of facilities damaged as a result of a
disaster and to perform specific actions necessary to prevent or mitigate against the
effects of a disaster; and
WHEREAS, the Agency proposes to assist with the cost of construction of the
Supplemental Parking Facility (the "Project"), which is located within the Santa Monica
Earthquake Recovery Redevelopment Project, and which will be publicly-owned
although not by the Agency; and
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WHEREAS, in order to facilitate the Project, the City and Agency have prepared
a Reimbursement Agreement which provides for reimbursement by the Agency to the
City of the Agency's portion of the costs of the Project; and
WHEREAS, Section 33445(a) of the Health and Safety Code authorizes a
redevelopment agency to pay all or part of the cost of installation and construction of
any publicly owned improvement with the consent of the legislative body if the agency
and the legislative body make specified findings.
NOW, THEREFORE, THE REDEVELOPMENT AGENCY OF THE CITY OF
SANTA MONICA DOES RESOLVE AS FOllOWS:
SECTION 1. The Agency hereby finds and determine that:
(1) the proposed Project is of benefit to the Project Area;
(2) no reasonable means of financing the Project other than that set forth in the
Reimbursement Agreement is available to the community;
(3) the payment of funds for the Project will assist the recovery from, and the elimination
of one or more of the conditions resulting from, the 1994 Northridge Earthquake
disaster;
(4) the payment of funds for the Project will assist in elimination of one or more blighting
conditions inside the Project Area by assisting in the elimination of one or more of
the conditions resulting from the 1994 Northridge Earthquake disaster; and
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(5) the Project is consistent with the implementation plan adopted pursuant to Section
33490.
SECTION 2. The Agency hereby approves the Reimbursement Agreement in
substantially the form presented to the Agency. The Agency Executive Director is
hereby authorized to execute the Reimbursement Agreement on behalf of the Agency,
together with such non-substantive changes and amendments as may be approved by
the Agency Executive Director and Agency General Counsel. The Agency Executive
Director is authorized to take any action and execute any and all documents and
agreements necessary to implement the Reimbursement Agreement.
SECTION 3. The Secretary of the Agency shall certify the adoption of this
Resolution, and thenceforth and thereafter the same shall be in full force and effect.
APPROVED AS TO FORM
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Adopted and approved this 28th day of January, 2003.
Richard Bloom, Chair
I, Maria M. Stewart, City Clerk of the City of Santa Monica, do hereby
certify that the foregoing Resolution No. 480 (RAS) was duly adopted at a joint
meeting of the Santa Monica City Council and the Redevelopment Agency held
on the 28th day of January, 2003, by the following vote:
Ayes:
Agency members:
Feinstein, McKeown, Katz, Genser,
Holbrook, O'Connor
Noes: Agency members:
Abstain: Agency members:
Absent: Agency members:
ATTEST:
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Maria M. Stewart \
Secretary