M-1/24/1967 (3)
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REDEVELOPME~T AGENCY
OF THE
CITV OF SANTA MONICA, CALIFORNIA
January 24, 1967
4:32 P.M.
The Redevelopment Agency of the City of Santa Monica, California, met in
regular session on January 24, 1967, in the City Council Chambers, at 4:32 P.M.
PRESENT:
MEMBERS: J. Lee Schimmer, Jr., Chairman
B. Thomas Barnard
Clifford Connelly
l. Wayne Harding
James M. O'Brien
AaSENT:
MEMBERS: Mortimer T. Richey
James L. Rogers
ALSO PRESENT:
Eugene B. Jacobs, Agency Legal Counsel
Grace Thomas, Executive Director-Secretary
May Palfrey, Stenographer
~PPROYA~.Qf MINUTES:
The minutes of January 10, 1967 were approved as
mal led.
~PPROYAL OF 31~LS:
The Secretary reviewed the bills as follows:
Eugene B. Jacobs - Legal Services
for December, 1966
Administrative.
Total. .
$62.50
$62.50
Roger Roy L~nd Clearin~r Inc.
Demolition Contract No. 5. I~!o
Retention
Project I(b) . .
Total
$2,001.20
. .~2,p01.2.0
$2,063.70
TOTAL a ILLS .
Following a brief discussion, Mr. Harding moved, seconded by Mr. OIBrien,
that the bills be paid as submitted. The motion carried with the following
roll call vote:
AYES:
NOES:
ABSENT:
t-1Et'.JERS:
MEMBERS:
MEM3ERS:
Schimmer. Barnard, Connelly, Harding, O'Brien
NOne
Richey, Rogers
REPORT OF SECRETARY:
Project I (a);
Project Ba lance Sheet" and Report on Budgetary Stat~
The Secretary reviewed with the Members the Project Balance Sheet and
the Report on Budgetary Status for Ocean Park Project I(a), as of December 31,
1966, and also a report on the investments for the Project Expenditures Funds
and Project Temporary Loan Repyament Funds for the quarter ending Decem,er 31,
1966. The t-1embers asked questions of the Agency legal Counsel and the Secret?ry
relating to these reports, and considerable discussion followed.
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Minutes - 1/24/67
Page Two
Project I(a):
Review of Procedural Steps Under Land Disposition Agreement
The Secretary presented the Members with a copy of the Annual Report
by Kern County land Company.
The Secretary asked if each Member had received a copy of Mr. Jacobs I
report on his review of the procedural steps under the Land Disposition
Agreement. Mr. Jacobs then reported to the Members on his findings. The
Members entered into a discussion regarding the designation of parcels in
Project I(a). Mr. Jacobs stated that, according to the Land Disposition
Agreement, Kern County Land Company had the right to take down the remaining
parcels in any sequence. Mr. Barnard moved, seconded by Mr. O'Brien, that
the Agency Legal Counsel completely review the Land Disposition Agreement,
including all pertinent exhibits, supplemental resolutions and letter adenda
and inform the Me~bers of his findings, and also report on setting forth
code sections relevant to conflicts of interest pertaining to Members of
the Agency becoming residents in the Project area. The motion carried with
the following roll call vote:
AVES:
NOES:
ABSENT:
Schimmer, Barnard, Connelly, Harding, O'Brien
None
Richey, Rogers
MEMBERS:
MEI'iiJERS:
MEMBERS:
Mr. Connelly left the meeting at 5:25 P.M.
Project I (a) :
Statement of Financial Condition - Tax Allocation Bonds
The Secretary reviewed with the Members the Financial Statement and
Investment Report as of December 31, 1966, relative to the Tax Allocation
accounts. The Secretary pointed out the the Agency will be receiving a
revenue of approximately $8,000 for 1966-67. Discussion followed.
Project I(a):
ProJect Cost Estimate and Financin9 Plan
The Secretary reviewed with the Members the revised Financing Plans
for Projects I(a) and I(b). She stated that these plans would become a
part of an Amendatory Application for Loan and Grant in eo-:h project alld
would be presented to the Members at a later meeting. The Secretary also
presented a chart to the Members, illustrating the Net Project Cost for each
project and the method of providing the City.s one-third share. Upon the
Members. concurrence to hold a special meeting to further discuss this
subject, the Secretary stated that she would send a formal Notice of Special
Meeting to each Member.
Project I (a):
Analysis of Occupancy - Santa Monica Shores
The Secretary presented to the Members a report relating to the
occupancy of Santa Monica Shores, showing the occupancy for each building
and for each type of apartment. The Members were also presented with a re-
port showing the areas which the tenants are moving from.
Project I(a):
Proposed Lease - Second Installment Parcel
The Secretary presented the Members with a copy of a proposed lease
with Kern County Land Company. She stated that the purpose of this lease
was to allow Kern County Land to use portions of Installment Parcel T~o ~o
construct a temporary road from Barnard Way into Instailment Parcel One,
adjacent to a parking lot for the use of the golf course participants only,
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Minutes - 1/24/67
Page Three
which would accommodate approximately 60 cars. Discussion followed on the
terms and provisions of the lease. Mr. Harding suggested that the lease
be re-submitted to the Mewbers for review and approval at the next regular
meeting in the form of an amendment to the Golf Course Lease. The Members
concurred.
Project I(a):
Relocation Report
The Secretary submitted to the Members copies of Form HUD-666, relating
to the relocation of families and individuals, and Form HUD-666A, relating
to the relocation of business concerns and non-profit organizations. She
stated that these were final reports for Project I(a).
Project I(b):
Project [Jalance Sheet and Report on Bud!jetary Status
The Secretary reviewed the Project Balance Sheet and the Report on
Budgetary Status for Project I(b), as of December 31, 1966, and also a
Report on the Investments for the Project Expenditures Funds and Project
Temporary Loan Repayment Funds for the quarter ending December 31, 1966.
Project 1(b):
Acquisition Report
The Secretary introduced Resolution No. 253 (R.A.S.) to the Members,
authorizing the Special Counsel, Musick, Peeler and Garrett, to file
eminent domain proceedings in Slock 4 of Project I(b), in the event that
this action will be necessary. Mr. Jacobs suggested an amendment to the
resolution regarding the legal description of Block 4. Mr. Harding moved,
seconded by Mr. O'Brien, that Resolution No. 253 (R.A.S.), I~ RESOLUTION
OF THE REDEVELOPliH1T AGENCY OF THE CITY OF SANTA MONICA, CALlFOR~IIA.
AUTHORIZING THE CONDEM~~TION OF CERTAIN PARCELS OF REAL PROPERTY IN THE
OCEAN PARK PROJECT I (b)", be adopted as amended and that further reading
be waived. The motion carried with the following roll call vote;
AYES;
NOES:
ABSHIT:
HENBERS:
MEr"IBERS:
I-iE~IBERS :
Schimmer, Barnard, Harding, O'Brien
None
Connelly, Richey, Rogers
The Secretary submitted to each Me~ber a schedule of the coming ~~HRO
Conferences, for their information.
There being no further business to be brought before the Members,
Mr. Harding moved, seconded by Mr. O'Orien, that the meeting be adjourned.
The motion carried with a unanimous voice vote.
The meeting adjourned at 6;11 P.M.
LvfI~
Grace Thomas
Secretary
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