R-8285
e
e
RESOLUTION NO.
8285
(CCS)
(City Council Series)
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA MONICA
AUTHORIZING AN AGREEMENT TO SELL AIR-RIGHTS
OVER PROPERTY AT 1116-46 FOURTH STREET
TO JEWISH FEDERATION COUNCIL OF GREATER LOS ANGELES
WHEREAS, the city of Santa Monica (hereinafter "City") owns
certaln real property located at 1116-46 Fourth Street in the City
of Santa Monica, which is commonly known as Parking Lot Four
(hereinafter "Property"); and
WHEREAS, Jewish Federation Council of Greater Los Angeles
("JFC") will submit an application to the United states Department
of Housing and Urban Development ("HUD")given the location of such
property it is not economic to use such property solely for parking
purposes; and
WHEREAS, the development of housing units in the air-rights
over Parking Lot Four would be compatible with malntalning the
existing number of publlC parking spaces In Parking Lot Four for
parklng purposes; and
WHEREAS, the City of Santa Monica desires to sell the air-
rights above over the Property to the Jewish Federation Council of
Greater Los Angeles ("JFC"), who will prepare an application for a
united States Department of Housing And Urban Development ("HUD")
Sectlon 202 grant to develop affordable senior housing units in the
air-rights over Parking Lot Four; and
1
I
e
e
WHEREAS, the City of Santa Monlca has caused notlce of intent
to sell air-rights to be publlshed in a local newspaper and posted
notice on the Property providing information on the date and time
of a public hearing; and
WHEREAS I the city Council has held a public hearing at 7:30
p.m. on September 10, 1991 to hear from the public on the proposed
sale of air-rights.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SANTA MONICA
DOES RESOLVE AS FOLLOWS:
SECTION 1. The City of Santa Monica agrees to sell the
air-rights over the Property to JFC subject to:
A. JFC's receipt of a grant commltment in 1992 from the
HUD Section 202 program for purposes of constructlng affordable
senior housing;
B. Compliance with the provisions of the California
Environmental Quality Act.
C. Execution of an agreement entitled option to
Purchase between the City and JFC.
SECTION 2. Munlclpal Code Section 2508A provides that the
sale of real property shall be by notice inviting bids unless the
City Council finds that advertising for bids would not be in the
best lnterests of the city. The Clty Council finds that advertis-
ing for bids would not be in the best interests of the city
because:
(1) The City has determined that the development or rental
hOUS1TIg units for low lTICOme seniors is of benefit to the city of
Santa Monlca:
2
e
e
(2) The City has identified the HUD Sectlon 202 grant program
as the most sui table source of funding necessary in order to
develop such housing, and this funding is available only to
qualified nonprofit developers; and
(3) The City has found JFC to be the most sui table and
qualified nonprofit developer, with experience in working with the
HUD section 202 grant program, to develop such housing in Santa
Monlca.
SECTION 3. The City Manager is authorized to negotiate and
to execute an agreement entitled Option to Purchase between the
city of Santa Monica and JFC regarding the exclusive right to
purchase the air-rights above Parking Authority Lot 41 contingent
upon JFC's receipt of a HUD Section 202 grant commitment.
SECTION 4. The Cl ty Clerk shall certify to the adoption of
this Resolutionl and thenceforth and thereafter the same shall be
in full force and effect.
APPROVED AS TO FORM:
Robert M. Myers
City Attorney
ccreso2
3
e
e
Adopted and approved this loth day of September, 1991.
g
;;rP/b
Hayor
I hereby certify that the foregoing Resolution No. 8285(CCS)
was duly adopted by the City Council of the City of Santa Monica
at a meeting thereof held on September loth, 1991 by the
following council vote:
Ayes: Councilmembers: Genser, Holbrook, Katz, Olsen,
Vazquez, Zane, Abdo
Noes: Councilmembers: None
Abstain: Councilmembers: None
Absent: councilmembers: None
ATTEST:
/'
;/ ~ /J.
~~~O_-L&~~
-- City Cle1:"k /