R-8599
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RESOLUTION NO.
8599
(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
certain real property located at 1116-46 Fourth street in the c~ty
of Santa Monlca, which is commonly known as parking Lot Four
(hereInafter npropertytl); and
WHEREAS, JewIsh Federation Council of Greater Los Angeles
(t1JFCtI) will submit an application to the United States Department
of Housing and Urban Development (nHUDIJ)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 maintaining the
existing number of public parking spaces ~n Parklng Lot Four for
parking purposes; and
WHEREAS, the city of Santa Monica desires to sell the alr-
rights above over the Property to the Jewish Federation Councll of
Greater Los Angeles (nJFC"), who will prepare an application for a
Unlted States Department of Houslng And Urban Development ("HUDtI)
Section 202 grant to develop affordable senior houslng units in the
air-rights over Parking Lot Four; and
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WHEREAS, the City of Santa Monica has caused notice of intent
to sell air-rights to be published in a local newspaper and posted
notice on the Property providing information on the date and time
of a public hearing; and
WHEREAS, the City Council has held a public hearing at 6:30
p.m. on June 15, 1993 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 commitment from the HUD
Section 202 program for purposes of constructing affordable senior
housing on the property;
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. Municlpal Code section 2.24.110 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 city Council finds that
advertis-ing for bids would not be in the best interests of the
city because:
(1) The Clty has determlned that the development or rental
housing unIts for low income seniors is of benefit to the city of
Santa Monlca:
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(2) The City has identified the HUD Sectlon 202 grant program
as the most sui table source of fundlng necessary In order to
develop such housing, and this funding is available only to
qualified nonprofit developers; and
(3) The Ci ty has found JFC to be the most sui table and
quallfled nonprofit developer, with experience in working with the
HUD section 202 grant program, to develop such housing In Santa
Monica.
SECTION 3. The Clty Manager is authorized to negotiate and
to execute an agreement entitled Optlon to Purchase between the
city of Santa Monica and JFC regardlng the excluslve right to
purchase the air-rights above Parking Authority Lot 4, contingent
upon JFC's receipt of a HUD section 202 grant commitment.
SECTION 4. The City Clerk shall certify to the adoption of
this Resolutlon, and thenceforth and thereafter the same shall be
In full force and effect.
APPROVED AS TO FORM:
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Actlng City Attorney
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Adopted and approved thlS 15th day of June, 1993.
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Mayor
I hereby certlfy that the foregolng Resolutlon No. 8599 (CCS)
was duly adopted by the City Council of the City of Santa Monica
at a meeting thereof held on June 15, 1993 by the followlng
CounC11 vote:
Ayes: CounCllmembers Abdo, Genser, Holbrook, Olsen,
Rosensteln, Vazquez
Noes: Councllmembers None
Abstaln: Councilmembers: None
Absent: Councilmembers: Greenberg
ATTEST:
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._ h~J::6. 4'~/(A:!~
Clty Clerk.
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