M-2/14/1984 (2)
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CITY OF SANTA MONICA
MINUTES OF REDEVELOPMENT AGENCY
AND CITY COUNCIL SPECIAL JOINT MEETING
FEBRUARY 14, 1984
A Special Joint Meeting of the City Council and Redevelopment
Agency was called to order by Chairperson Edwards at 7:45 P.M. on
Tuesday, February 14, 1984.
Roll Call: Present: Chairperson Ken Edwards
Chairperson Pro Tempore Dolores M. Press
Agency Member James P. Conn
Agency Member David G. Epstein
Agency Member William H. Jennings
Agency Member Christine E. Reed
Agency Member Denn1S Zane
Executive Director John H. Alschuler, Jr.
Agency Attorney Robert M. Myers
Agency Secretary Ann M. Shore
CC/~-l: CITY-WIDE HOUSING ACQUISITION/REHABILITATION PROGRAM FOR
PROPERTY LOCATED- AT 1724 PACIFIC AVENUE: Presented was a staff
report transmitting a request for commitment of predevelopment and
deferred loan funds from the City-wide Housing Acquisition and
Rehabilitation Program submitted by Community Corporation of Santa
Monica for property located at 1724 Pacif1c Avenue; recommending
approval of a preliminary commitment of program loan funds in the
amount of $120,000, and authorization to enable the Executive
Director to issue a final commitment and release funds upon
satisfaction of all program requirements. Seth Jacobson,
Chairperson of the Housing Commission, spoke in support of the
recommendation. Discussion was held. Agency Member Zane moved to
approve the staff recommendation thereby (1) Authorizing the
Executive Director to isse a preliminary Commitment of CHARP
program funds as follows: (a) approval of an expenditure in the
amount of $3,500 from the CHARP Predevelopment Account
(16-200-263-131-660) and (b) approval of a preliminary commitment
of funds from the CHARP deferred Loan Account in the amount of
$116,500 (16-200-263-130-660); (2) Requiring Community Corporation
of Santa Monica to obtain assurances from the Coastal Comm1SS10n
that protect the Corporation from liability for current or prior
vlolations and that provide for future compliance; and (3)
authorizing the Executive Director to issue a final commitment of
program funds upon receipt of the primary lender's firm comm1tment
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February 14, 1984
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and other
amount of
commitment
was held.
documents required under the program guidelines in the
$120,000 plus a contlngency of 5% for a maximum flnal
of $126,000. Second by Chairperson Edwards. Discussion
The motlon was approved by the following vote:
Agency Vote: Affirmative: Agency Members Conn, Jennings, Press,
Zane and Chalrperson Edwards
Negative:
Agency Members Epstein and Reed
ADJOURNMENT: At 8:15 P.M., Agency Member Epstein moved to adjourn
the Redevelopment Agency portlon-of the meeting. Second by Agency
Member Conn. The motion was approved by unanimous vote.
Councilmember Conn moved to adJourn the Special City Council
meeting at 8:16 P.M. Second by Councilmember Epstein. The motion
was approved by uanimous vote.
ATTEST:
APPROVED:
Ann M. Shore
Secretary
Ken Edwards
Chairperson
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February 14, 1984