R-9883
RESOLUTION NO, 9883 (CCS)
(City Council Series)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
SANTA MONICA FINDING THAT USE OF LOW AND
MODERATE INCOME HOUSING FUND MONIES OUTSIDE
OF THE PROJECT AREAS IS OF BENEFIT TO THE OCEAN
PARK REDEVELOPMENT PROJECT AREAS
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SANTA MONICA:
Section 1. The City Council hereby finds and determines that the use of Agency
Low-and-Moderate Income Housing Fund monies generated from the proceeds of bonds
issued to carry out the Ocean Park Redevelopment Projects 1 (a) and 1 (b) outside of the
Project Areas to finance a portion of the cost of the acquisition of land and improvements
and the rehabilitation thereof for congregate housing use by the Ocean Park Community
Center is of benefit to each of the Project Areas because implementation of this program
will preserve, improve and increase the community's supply of affordable housing for
extremely low, very low and low income persons and provide badly needed shelterfor such
persons,
Section 2, The City Clerk shall certify to the adoption of the Resolution, and
thenceforth and thereafter the same shall be in full force and effect.
APPROVED AS TO FORM
~
ES MOUTRIE
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Adopted and approved this 12th day of August, 2003.
h~
Richard Bloom, Mayor
I, Maria M, Stewart, City Clerk of the City of Santa Monica, do hereby
certify that the foregoing Resolution No, 9883 (CCS) was duly adopted at a
meeting of the Santa Monica City Council held on the 12th day of August, 2003,
by the following vote:
Ayes: Council members: Feinstein, O'Connor, Genser, Ma~(or Pro Tem
McKeown, Mayor Bloom
Noes: Council members: Holbrook
Abstain: Council members: None
Absent: Council members: Katz
ATTEST:
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