M-5/31/1978
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363
~INUTES OF A SPECIAL JOINT MEETING OF THE
CITY COUNCIL AND THE REDEVELOPMENT AGENCY
May 31, 1978
The Redevelopment Agency and the Clty Councll of the Clty of Santa Monlca
met ln specJal jOlnt seSSlon ln the Clty Hall Councll Chamber Wednesday,
~fuy 31, 1978. The meetlng was called to order by Mayor Swink at 4:32 P.M
and roll was called:
PRESENT:
ME~IBERS .
Mavor Donna O'Brlen Swink
Mayor Pro Tempore Seymour A. Cohen
Councllmember John Bambrick
Councllmemher Chrlstine E. Reed
Councllmember Perrv Scott
Councllmember Nath~nlel Trives
Councllmember Pieter van den Steenhoven
ABSE;;!T:
MEMBERS:
"ione
ALSO PRESE"T.
James D. Wllllams, Executlve Director
Richard L. Knickerbocker, Clty Attorney
;;!ancy ~lcFarland, Secretary, Environmental Servlces
APPROVAL OF MINUTES
The minutes of the Redevelopment Agency meeting held May 23, 1978 were
unanimously approved following a motlon by Councllmember Trives and
second by Mayor Pro Tempore Cohen.
PROJECT ACTIONS A;;!D REPORTS
3Al Ocean P2;rk Redevelopment ProJect
Approval of Flnal Working Drawlngs, Townhouse Construction, Phase 1
John Hemer, Redeve lOp'lIent Dl rector, provlded background for thlS 1 tern and Flnal drah'ings of the
Lincoln Property Company presented sketches of the Project. A motlon was'of the to~~ollSe
made by Councilmember Trl ves for the Redevelopment Agency to approve the I development of the
flnal 'vorking drawlngs of the townhouse development of the Ocean Park 'Ocean Park approved
Redevelopment ProJect. Councilmember Reed seconded this motlon and
members voted as follows:
AYES:
Bambrlck, Cohen, Reed, Scott, Trives, van den Steenhoven,
SWlnk
None
None
\,JOES:
ABSE\,JT'
3Bl Downtown Redevelopme~t Project
Approval of Assignment of Rents, 53,700,000 Promissory \,Jote
Mr. lVllllams introduced Steve Stern of O'\'lelveny & Myers who responded Assignment of Rents,
to questlons from Agency members. Councilmember Reed moved that the Issues and Profits
Redevelopment Agency approve the "Assignment of Rents, Issues and Profitsl'ln conJunction ,,,ith
ln conjunction with the 53,700,000 Promlssory Kote and authorize the ~layor ! Promissory note
to execute the document. A second was given by Councilmember Trlves and approved
the flotion was approved by the following roll call vote:
AYES.
NOES
ABSEKT'
Bambrick, Cohen, Reed, Trlves, van den Steenhoven, Swink
Scott
None
3B2 Downtown Redevelopment Project
~pproval of Supplementary Documents to Disposlt~on
and Development Agreement
In order to glve Agency members more time to study the SlX documents to
be approved, a motlon was made by Councilmember Trives and seconded by
Mayor Pro Tempore Cohen, to carry these items over to Friday, June 2,
364
1978 at 2:30 P.M. Followlng the dlscussion, the vote was as follows:
AYES:
~OES'
ABSE)lT:
Bambrick, Cohen, Scott, Trives, van den Steenhoven, Swink
Reed
)lone
There belng no further business, a motion to adjourn was made by
Councilmember Trlves and seconded bv Councilmeflber van den Steenhoven.
Members unanlmously approved the motlon by voice vote. The Neeting
was adjourned by Mayor SWlnk at 4:45 P.M.
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ATTEST
APPROVED'
"--J -? ..
i~-].r~'_ ~hO~ ~
~rfyc1'. Snder
Cl ty Clerk
l Qm1A\AA'J,6 f~11 J 1(,'.(.IJ
Donna O'Brien Swink
Mayor
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