M-3/18/1986 (2)
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CITY OF SANTA MONICA
REDEVELOPMENT AGENCY MINUTES
MARCH 18, 1986
A speclal JOlnt meetl~g of the Santa Monl~a CIty CouncIl,
Redevelopmen t Agency, and HousIng Author 1 ty was called to order
at 9:00 P.M., on Tuesday, March 18, 1986, In the Coun~il
Chamber S , havIng been ad Journed from the meetl:1g of March 12,
1986.
Roll Call of CIty Councll:
Present: Mayor Christloe E. Reed
Mayor Pro Tempore WIllIam H. JennIngs
Cou~cllmember James P. Conn
Cou~cllmember Davld G. EpsteIn
Councllmember Alan S. Katz
Councllmember Herb Katz
Councllmember DennIs la~e
Also Present: CIty Manager John Jalili
City Attorney Robert M. Myers
ASSIstant CIty Clerk Donna R. Beta~court
Roll Call of Redevelopment Agency:
Present: Chairperson ChrIstIne E. Reed
Chairperson Pro Tempore WIllIam Jennings
Agency Member James P. Conn
Agen~y Member DaVId G. Epstein
Agency Member Alan S. Katz
Agen~y Member Herb Katz
Agency Member Dennis lane
Also Present: ExecutIve Director John Jallll
Executive Attorney Robert M. Myers
Agency Asslsta~t Secretary Donna R.
Betancourt
Roll Call of HousIng AuthorIty:
Present: ChaIrperson ChrIstIne E. Reed
ChaIrperSOn Pro Tempore WIllIam Jennings
AuthorIty Member James P. Conn
AuthorIty Member DaVId G. Epstein
AuthorIty Member Alan S. Katz
AuthorIty Member Herb Katz
AuthorIty Member DennIS lane
Also Present: ExecutIve DIrector John Jallll
ExecutIve Attorney Robert M. Myers
ASSIstant CIty Clerk Donna R. Betancourt
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March 18, 1986
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CC/RA/HA-1: SENIOR HOUSING DEVELOPMENT FUND TRANSFER: Prese~ted
was a 's'tar'f r'e'p'o'r't' 'recomme:-:dlng' a oommltment of addItional loan
funds from the Redevelopment Agency for the AlternatIve LIvIng
for the Aging (ALA) Shared Se~lor Housing Development, and
approval of a tr ansfer of the comml tmen t of $120,000 WhICh has
been allocated by the State Department of Houslng and CommunI ty
Development (HCD) Rental HousIng Construction Program (RHCP) from
the ALA development at 2323 4th Street to a CommunIty CorporatIon
of Santa Monica (CCSM) development at 1937 18th Street.
DiscussIon was held. ~9us ~r:~, Author 1 ty Mem,b,er A. Katz moved to
approve the staff recommendatIon, thereby author i Zl ng the
Executive Dlrector to submIt a request to the State Department of
HCD RHCP to transfer the comml tment of $120,000 from the ALA
prOJect to the CCSM proJect, and to execute all documents
necessary to complete such a transfer. Seco~d by Authorlty
Member EpsteIn. The motio~ was approved by the followIng vote:
AuthorIty vote: UnanImously approved 7-0
Councllmember A. Katz moved to approve the staff
the~eby' dIrectIng staff to support an application
CHFA Second Mortgage Funds to be used on the ALA
4th Street. Second by Councllmember H. Katz.
approved by the following vote:
recomme11datlon,
for $60,000 J.n
prOJect at 2323
The motIon was
Councll vote: UnanImously approved 7-0
Bedevelopment A,g,ency, t-,1ember Et>ste in moved to approve the staff
recommend a tlon, thereby (1) author lZlng the expendl ture of "10
more than $15,000 from account number 16-720-264-731-944 as a
portio"} of the loan to ALA, and (2) dIrectIng the ExecutIve
DIrector to negotlate and execute a loan document for a deferred
10a'1 of $150,000 wi th terms prev iously approved by the Agency,
and a ~esldual receIpts loan of up to $165,000 to ALA. Second by
Agency Membel'" Conn. The motIon was approved by the followIng
vote:
Agency vote: Unanimously approved 7-0
ADJOURNMENT: At 9:16 p.m., Member H. Katz moved to adJourn the
meetings. 'Second by Member' Con'1. The motIon" was unarnmously
:I1P::O.:;d~C' f .
I A- ~ ~JP.j~r
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Donna R. Betancourt
Asslstant Secretary
APPROVED:
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Reed
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March 18, 1986