R-9115
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RESOLUTION NUJ\1BER 9115
(CCS)
(City Council Series)
A RESOLUTION OF THE CITY COUNCIL OF Ttlli
CITY OF SANTA MONICA CONSENTING TO THE
SANf A MOJ\.'lCA REDEVELOPMENT AGENCY'S fMPLEMENT ATION
OF THE COMMERCIAL STREETSCAPE PROGRAM AND
APPROVING A REIMBURSEMENT AGREEMENT
BETWEEN THE CITY AND TIlE REDEVELOPMENT AGENCY
WHEREAS, the Redevelopment Agency of the City of Santa Monica (the "Agency") has
prepared a Redevelopment Plan for the Santa Monica Earthquake Recovery Redevelopment Project
which would result in the allocation of taxes from the Project Area to the Agency for the purposes
of redevelopment; and
WHEREAS, the Agency proposes to implement the Commercial Streetscape Program
describ~u in the Program Description attached hereto as Exhibit A and incorporated herein by thi~
reference; and
\VHEREAS, the estimated aggregate cost of implementing the Commercial Streetscape
Program. which is to be carried out in multiple phases, is approximately twenty million dollars
($20,000,000); and
\VHEREAS, the City and the Agency have prepared a proposed Reimbursement Agreement
to provide a means of carrying out the Commercial Streetscape Program; and
WHEREAS, Section 33445(a) of the California Community Redevelopment-Law authorizes
a redevelopment agency, with the consent of the legislative hndy and if the agency and the legislative
body make certain determinations specified in Section 33445, to pay all or part of the cost of
installation and construction of any publiciy owned improvement.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SANTA MONICA DOES
RESOLVE AS FOLLOWS:
SECTION l. The City Council hereby finds anu detefluines (1) that the proposed
improvements as outlined in the Program Description are of benefit to the Project Area~ (2) that no
reasonable means of financing the improvements other than that set forth in the Reimbursement
Agreement is available to the community; (3) that the payment offunds for the improvements ~ill
assist the recovery from, and the elimination of one or more of the conditions resulting from, the 1994
Northridge earthquake disaster; (4) that the payment offunds for the improvements will assist in the
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 Ncrthridge earthquake disaSter; and (5) that
the Commercial Streetscape Program is consistent with the implementation plan adopted pursuant
to Section 33490.
SECTION 2. The City Clerk shall certify the adoption of this Resolution, and thenceforth
and thereafter the same shaH be in full force and effect.
APPRUVED AS TO FOlU,.l
~ail:/(~~
Marsha Jones outrie
City Attorney.
Adopted and approved this 28th of January, 1997.
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I
;) Ct1t1r
Mayor
I hereby certify that the foregoing Resolution 9115(CCS) was duly adopted at a meeting
of the City Council held on the 28th of January, 1997 by the following vote:
Ayes:
Councilmembers:
Feinstein, Genser, Greenberg, Holbrook, O'Connor,
Rosenstein
Noes:
Councilmembers:
None
Abstain:
Councilmembers:
None
Absent:
Council members :
Ebner
ATTEST:
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City Clerk