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M-3/18/1986 (2) . . . . 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 1 March 18, 1986 . . . . .. 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 -~- Donna R. Betancourt Asslstant Secretary APPROVED: I Reed 2 March 18, 1986