R-484
RESOLUTION NO 484
(RAS)
(Redevelopment Series)
A RESOLUTION OF THE REDEVELOPMENT AGENCY 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 REDEVELOPMENT AGENCY OF THE CITY OF
SANTA MONICA:
Section 1. The Agency 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 shelter for 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
Adopted and approved this 12th day of August, 2003.
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Richard Bloom, Chair
I, Maria M. Stewart, City Clerk of the City of Santa Monica, do hereby certify that
the foregoing Resolution No. 484 (RAS) was duly adopted at a joint meeting of the
Santa Monica City Council and the Redevelopment Agency held on the 12th day of
August, 2003, by the following vote:
Ayes: Agency members:
Feinstein, Chair Pro Tem McKeown, Genser,
O'Connor, Chair Bloom
Noes: Agency members:
Holbrook
Abstain: Agency members:
None
Absent: Agency members:
Katz
ATTEST:
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Maria M. Stewart, Agerlcy Secretary
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