R-467
RESOLUTION NUMBER 467 (RAS)
(Redevelopment Series)
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF SANTA
MONICA APPROVING THE PAYMENT OF TAX INCREMENT FUNDS FOR THE VALUE
OF LAND AND IMPROVEMENTS OF THE VIRGINIA AVENUE PARK EXPANSION
PROJECT AND MAKING CERTAIN FINDINGS PURSUANT TO HEALTH AND SAFETY
CODE SECTION 33445
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
(the “Redevelopment Plan”) which would result in the allocation of taxes from the Project Area to the
Agency for the purposes of redevelopment; and
WHEREAS, the Redevelopment Plan includes the repair, upgrade, rehabilitation or
acquisition of property as necessary for public facilities and park improvements, including the vacant
parcels at Pico and Cloverfield Boulevards; and
WHEREAS, the City of Santa Monica purchased the vacant parcels at Pico and Cloverfield
Boulevards (2233 and 2201 Pico Boulevard) in 1991 and intends to use the site as the eastern
expansion of the adjacent Virginia Avenue Park (the “Virginia Avenue Park Expansion Project, ” or
the “Project”).
WHEREAS, the Agency proposes to pay for a portion of the value of the land and future
public improvements of the Project, which is located within the Santa Monica Earthquake Recovery
Redevelopment Project Area; and
WHEREAS, Section 33445(a) of the Health and Safety Code authorizes a redevelopment
agency, with the consent of the legislative body and if the agency and the legislative body make
certain determinations specified in Section 33445, to pay all or a part of the value of the land for and
the cost of the installation and construction of any building, facility, structure, or other improvement
which is publicly owned.
NOW, THEREFORE, THE REDEVELOPMENT AGENCY OF THE CITY OF SANTA
MONICA DOES RESOLVE AS FOLLOWS:
SECTION 1. The Agency hereby finds and determines:
(1) that the proposed improvements are of benefit to the Project Area;
(2) that no other reasonable means of financing the improvements including the overall
development of Virginia Avenue Park are available to the community;
(3) that the payment of funds for the improvements will 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 of funds for the improvements 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
(5) that the Project is consistent with the implementation plan adopted pursuant to Section
33490.
SECTION 2. The Agency hereby approves the payment of tax increment funds for said
land and improvements.
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
S/_______________________
Marsha Jones Moutrie
General Counsel
Adopted and approved this 13th day of June, 2000.
__________________________
Ken Genser, Chair
I, Maria M. Stewart, City Clerk of the City of Santa Monica, do hereby certify that
the foregoing Resolution No. 467 (RAS) was duly adopted at a joint meeting of the
Santa Monica City Council and the Redevelopment Agency held on the 13th day of
June, 2000, by the following vote:
Ayes: Agency members: Rosenstein, McKeown, Feinstein, Bloom, Chair
Pro Tem O’Connor, Chair Genser
Noes: Agency members: None
Abstain: Agency members: None
Absent: Agency members: Holbrook
ATTEST:
S/_____________________
Maria M. Stewart