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R-8605 e e RESOLUTION NO. 8605 (CCS) (City Council Series) RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA MONICA AUTHORIZING AN AGREEMENT TO SELL PROPERTY AT 2807-09 LINCOLN BOULEVARD TO VOLUNTEERS OF AMERICA, INCORPORATED WHEREAS, the Clty of Santa Monlca (hereinafter "city") owns certain real property located at 2807-09 Lincoln Boulevard in the city of Santa Monica, (hereinafter "Property"); and WHEREAS, the city of Santa Monica desires to sell the property to the Volunteers of America, Incorporated ("VOA"), who will prepare an application for a united States Department of Housing And Urban Development (ItHUD") Sectlon 202 grant to develop affordable senior housing units on the site; and WHEREAS, the Clty of Santa Monica has caused notice of intent to sell property to be publIshed 1n a local newspaper and posted notIce on the Property provld1ng lnforrnat1on on the date and tIme of a publlC hearing; and WHEREAS, the Clty 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 the property. 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 Property to VOA subject to: 1 e e A. VOA's receipt of a grant commltment from the HUD SectIon 202 program for purposes of constructing affordable sen10r 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 VOA. SECTION 2. Municipal 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 interests 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 City has determined that the development of rental housing units for low income seniors is of benefit to the city of Santa Monica: (2) The Clty has identified the HUD section 202 grant program as the most suitable 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 VOA to be the most suitable and qualified nonprofit developer, with experlence in working wIth the HUD Section 202 grant program, to develop such housing in Santa Monica. 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 VOA regarding the exclusive right to purchase the property, contingent upon VOA' s receipt of a HUD 2 e e Section 202 grant commitment. SECTION 4. The City Clerk shall certIfy to the adoption of this Resolution, and thenceforth and thereafter the same shall be in full force and effect. ~PROVED AS TO FORM: .1') -~ . ,,-~ Joseph Lawrence Acting City Attorney d:\lncln202\ccresoll 3 e e Adopted and approved this 15th day of June, 1993 L-.( > >' J Mayor I hereby certlfy that the foregolng Resolutlon No. 8605(CCS) was duly adopted by the Clty Councll of the City of Santa Monlca at a meetlng thereof held on June 15 I 1993 by the followlng Councll vote: Ayes: CounCllmembers: Abdo, Genser I Holbrook, Olsen, Rosenste~n, Vazquez Noes. Councllmembers: None Abstain: Councilmembers: None Absent: Councllmembers: Greenberg ATTEST: /"^ --- ./' ./ / ",,-... //.;: - --..?----- / ;0 J /~ '-;1' II J ~,,?,u)./>JA'J (,-&/'r ~ Cl ty C.lerk (