R-380 RA
RESOLUTION NUMBER
380(RAS)
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(Redevelopment Agency SerIes)
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF SANTA MONICA
INVOKING THE PROVISIONS OF HEALTH AND SAFETY CODE SECTION SECTION
33334.2 AND FINDING THAT THE PROVISION OF LOW AND MODERATE INCOME
REPLACEMENT HOUSING WILL BE OF BENEFIT TO THE OCEAN PARK REDEVELOPMENT
PROJECT.
WHEREAS, the Redevelopment Plan for the Ocean Park Redevelopment
ProJect l(a) (hereinafter "Ocean Park" Redevelopment ProJect) was
adopted by OrdInance Number 497 of the CounCIl of the CIty of Santa
MonIca on June 30, 1960; and
WHEREAS,
It was necessary for the Agency to demolIsh and remove
approxImately 700 low and moderate Income housIng unIts In the course
of ImplementIng the Ocean Park Redevelopment ProJect; and
WHEREAS, the Redevelopment Agency desIres to replace thIS housIng
by provIdIng housIng avaIlable at affordable cost for and persons and
. families of low and moderate Income; and
WHEREAS, the Redevelopment Agency desIres to make applIcable the
provisions of Health and Safety Code Section 33334.2 to the Downtown
Redevelopment Project.
NOW, THEREFORE, THE REDEVELOPMENT AGENCY OF THE CITY OF SANTA
MONICA DOES RESOLVE AS FOLLOWS:
SECTION L
The Redevelopment Agency hereby elects to make part
of the requIrements of Health and Safety Code SectIon 33334.2 (tax
Increment expendIture for low and moderate Income housIng) applIcable
to the Ocean Park Redevelopment ProJect subJect to indebtedness
Incurred to Implement the Project, and only to the extent provIded for
In each specIfIC ImplementIng resolutIon that may be adopted from time
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to tIme by the Redevelopment Agency.
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SECTION 2. SubJect to the avaIlabIlity of funds to be provIded
at the dIscretIon of the Redevelopment Agency from tIme to time In
specIfIC ImplementIng reSolutIons, the Redevelopment Agency shall use
funds so authorIzed pursuant to Health and Safety Code SectIon 33334.2
for IncreasIng and expandIng the supply of low and moderate Income
housIng avaIlable at affordable costs wIthIn the CIty of Santa MonIca
for low and moderate Income persons and famIlIes. Each specifIC
ImplementIng resolution of the Redevelopment Agency shall be deemed to
be a determInatIon of the Redevelopment Agency that the provisIon of
such housIng WIll Increase and Improve the supply of low and moderate
Income housIng avaIlable at affordable costs wIthIn the CIty of Santa
MODIca, that the provIsIon of such housIng IS of benefIt to the Ocean
park Redevelopment Project and that the Redevelopment Agency IS
Indebted to the extent necessary to prOVIde such housIng, subJect to
Indebtedness Incurred to Implement the Ocean Park Redevelopment
Project and only to the extent prOVIded for in each speCIfIc
implementing resolutIon that may be adopted from time to time by the
Redevelopment Agency approprIatIng/allocating funds and providIng for
theIr expendIture. In IncreasIng and ImprovIng the supply of low and
moderate Income housIng avaIlable at affordable cost wIth monIes
approprIated into the Housing Trust Fund, the Redevelopment Agency may
exerCIse any or all of ItS powers IncludIng those set forth In Health
and Safety Code Section33334.2 (d).
SECTION 3. Each speCIfIc ImplementIng resolutIon of the
Redevelopment Agency approprIatIng/allocatIng funds for the prOVIsIon
of replacement hOUSIng and prOVIdIng for theIr expendIture, shall be
deemed to be, to the extent prOVIded therein, an electIon by the
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Redevelopment Agency to make part of the reqUIrements of Heal th and
Safety Code SectIon 33334.2 applIcable to the Ocean Park Redevelopment
ProJect and an oblIgatIon of the Redevelopment Agency to meet such
requ I rements to the extent prov Ided there i n, and shall const I tute an
Indebtedness of the Redevelopment Agency for the Ocean Park
Redevelopment
funds
of
the
the
ProJect
extent
to
appropriated/allocated for the prOVIsIon of replacement hOUSIng
pursuant to Health and Safety Code 33334.2.
SECTION 5. The Agency secretary shall certIfy to the adoptIon of
thIS Resolution, and thenceforth and thereafter the same shall be In
full force and effect.
. Approved as to form:
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::~. ~~~~-- -~(J--~
Agency Attorney
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Adopted and approved this 8th da
Chairperson Pro Tempore
I hereby certify that the foregoing Resolution No. 380(RAS)
was duly adopted by the Redevelopment Agency of the City of Santa
Agency vote:
Mon1ca at a meeting thereof held on May 8, 1984 by the following
Ayes:
Noes:
Absent:
Abstain:
Agency Members: Conn, Epstein, Jennings, Press,
Reed and Zane
Agency Members: None
Agency Members: Chanperson EdT...rards
Agency Members: None
ATTEST:
By
~L-yj }JL4-F~
Secretary