M-5/31/1978 (3)
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RA-3S4
MINUTES OF THE
REDEVELOPMENT AGENCY AND CITY COUNCIL
OF THE
CITY OF SANTA MONICA, CALIFORNIA
May 31, 1978
4:30 p m.
The Redevelopment Agency and the City Council of the City of Santa Monica met
in special joint session in the City Hall Council Chamber Wednesday, May 31,
1978. The meeting was called to order by Chairman Swink at 4.32 p.m. and roll
"Jas cal led:
PRESENT:
MEMBERS' Donna O'Brien Swink, Chairman
Seymour A. Cohen, Chairman Pro Tempore
John Bambrick
Christine E. Reed
Perry Scott
Nathaniel Trives
Pieter van den Steenhoven
ABSENT:
MEMBERS. None
ALSO PRESENT:
James D. Williams, Executive Director
Richard L. Knickerbocker, City Attorney
Nancy McFarland, Secretary, Environmental Services
APPROVAL OF MINUTES
The minutes of the May 23, 1978 meeting were unanimously approved by voice vote
following a motion by Mr. Trives and second by Chairman Pro Tem Cohen.
PROJECT ACTIONS AND REPORTS
3Al Ocean Park Redevelopment Project
Approval of Final Working Drawings, Townhouse Construction, Phase I
John Hemer, Redevelopment Director. provided background for this item and Lincoln
Property Company presented sketches of the Project. A motion was made by Mr.
Trives for the Redevelopment Agency to approve the final working drawings of the
townhouse development of the Ocean Park Redevelopment Project. Mrs. Reed seconded
this motion and members voted as follows:
AYES'
NOES:
ABSENT:
Bambrick, Cohen, Reed, Scott, Trives, van den Steenhoven, Swink
None
None
3Bl Dm~ntown Redevelopment Project
Approval of Assignment of Rents, $3,700,000 Promissory Note
Mr. Williams introduced Steve Stern of O'Melveny & Myers who responded to questions
from Agency members. Mrs. Reed moved that the Redevelopment Agency approve the
"Assignment of Rents, Issues and Profits" in conjunction with the 53,700,000
Promisso.y Note and authorize the Chairman to execute the document. A second was
given by Mr. Trives and the motion was approved by the following roll call vote:
AYES
NOES'
ABSENT:
Bambrick, Cohen, Reed, Trives, van den Steenhoven, Swink
Scott
None
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Redevelopment Agency/City Council
May 31, 1978
-2-
362 Downtown Redevelopment Project
Approval of Supplementary Documents to Disposition
and Development Agreement
In order to give Agency members more time to study the
approved, a motion was made by Mr Trives and seconded
these items over to Friday, June 2, 1978 at 2 30 p.m.
the vote was as follows:
six docunents to be
by Mr. Cohen, to carry
Following the discussion,
AYES:
NOES:
ABSENT:
Bambrick, Cohen, Scott, Trives, van den Steenhoven, Swink
Reed
None
There being no further business, a motion to adjourn was made by Mr. Trives and
seconded by Mr. van den Steenhoven. Members unanimously approved the motion by
voice vote The meeting was adjourned by Chairman Swink at 4:45 p.m.