M-5/26/1987 (2)
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CITY OF SANTA MONICA
REDEVELOPMENT AGENCY MINUTES
MAY 26, 1987
A special joint meeting of the city Council and Redevelopment
Agency was called to order by Mayor Conn.
Roll Call: Present: Chairperson James P. Conn
Chairperson Pro Tempore Herb Katz
Agency Member William H. Jennings
Agency Member Christine E. Reed
Agency Member Dennis Zane
Absent: Agency Member David B. Finkel
Agency Member Alan S. Katz
Also Present: Executive Director John Jalili
Agency Attorney Robert M. Myers
Acting Agency Secretary Donna R. Betancourt
RA-1: APPROVAL OF MINUTES: Presented for approval were the
minutes of the Redevelopment Agency of April 28, and May 5, 1987.
Agency Member Reed moved to approve the minutes as presented.
Second by Chairperson Pro Tempore H. Katz. The motion was
unanimously approved.
CC/RA-2: SALES AGREEMENT/COMMUNITY CORPORATION: Presented was a
staff report recommending execution of a Sales Agreement for
Redevelopment Agency-owned land at 642 Marine, 3005 Highland,
518-20 Pier, 536 Ashland, and 504 Ashland, to Community
Corporation of Santa Monica, and authorizing execution of a HUD
Housing Development Grant Agreement. Discussion was held. At
7:58 p.m., the public hearing was declared opened. Joy Fullmer
spoke against the staff recommendation. Neil RichIllan spoke in
its support. There being no one else wishing to be heard, the
public hearing was declared closed. Agency Member Reed moved to
approve the staff recommendation, thereby adopting Resolution No.
416 (RAS) entitled: IIA RESOLUTION OF THE REDEVELOPMENT AGENCY OF
THE CITY OF SANTA MONICA INVOKING THE PROVISION OF HEALTH AND
SAFETY CODE SECTION 33433 APPROVING THE SALE OF AGENCY OWNED LAND
AT 642 MARINE STREET, 3005 HIGHLAND AVENUE, 518-20 PIER AVENUE,
536 ASHLAND STREET AND 504 ASHLAND STREET TO COMMUNITY
CORPORATION OF SANTA MONICA FOR THE DEVELOPMENT OF AFFORDABLE
HOUSING," reading by title only and waiving further reading
thereof, for the development of 43 units of affordable
cooperative housing, and authorizing the Executive Director to
negotiate and execute the Agreement for Sale of Land for
Development of Housing, which shall include the provisions
detailed in the staff report dated May 26, 1987, and disburse up
to $1,282,444.75 in Agency funds appropriated for the Ocean Park
Replacement Housing Project. Second by Member Zane. The motion
was approved by the following vote:
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May 26, 1987
Agency vote:
Unanimously approved 5-0
Absent: Agency Members Finkel, A. Katz
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Councilmember Zane moved to authorize the City Manager to
finalize and execute the HUD Housing Development Grant Agreement
and any other documents required by HOD for receipt of the
Housing Development Grant and appropriate the HUD Housing
Development Grant of $778,603 and establish revenue and
expendi ture accounts as detailed in the staff repo rt dated May
26, 1987. Second by Mayor Pro Tempore H. Katz. The motion was
approved by the following vote:
Council vote: Unanimously approved 5-0
Absent: Councilmembers Finkel, A. Katz
~~S,
Donna
Acting
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g was
ADJOURNMENT: At 8:05 p.m., the Redevelop
adjourned.
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etancourt
Agency Secretary
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May 26, 1987