M-12/17/1985 (4)
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CITY OF SANTA MONICA
REDEVELOPMENT AGENCY MINUTES
DECEMBER 17, 1985
At 7:40 P.M., a special JOlnt meeting of the Clty Councll and the
Redevelopment Agency was called to order by Chalrperson Reed.
Roll Call: Present: Chalrperson Chrlstlne E. Reed
ChaIrperson Pro Tempore Wllllam H. JennIngs
Agency Member James P. Conn
Agency Member DaVld G. Epsteln
Agency Member Alan S. Katz
Agency Member Herb Katz
Agency Member DenniS Zane
Also Present: Executive Secretary John Jallll
Agency Attorney Robert M. Myers
Agency Secretary Ann M. Shore
CC/ RA-1 : APPROVAL OF MINUTES: Presented for approval were the
minutes of the Redevelopment Agency meeting held on November 26,
1985. Councllmember Conn moved to approve the mlnutes as
presented. Second by Councllmember Zane. The motion was
unanImously approved.
CC/RA-2: THIRD STREET MALL/DOWNTOWN REDEVELOPMENT PROJECT:
Presented was a staff report transrn ttlng resolutlons to
determIne Third Street Mall parkIng and publIc Improvements to be
of benefIt to the Downtown Redevelopment ProJect, thereby
prOViding the future optlon to expend Downtown tax Increment for
the Thlrd Street Mall Plan or dedlcate funds for productlon of
low-moderate lncome housIng. D1Scusslon was held. Members of
the publlC Doris Ganga, KarIn Pally, David Finkel, Dolores Press,
and Mlchael Hill spoke In support of low-moderate housIng funds.
DIScusslon was held. Agency Member EpsteIn moved to approve the
staff recommendatlon, thereby adoptlng the Resolutlon and
approvlng the Agreement. Second by Chalrperson Reed. D1SCUSSlon
was held. Agency Member Zane moved a substitute motlon to ask
staff to reagend lze thlS 1 tern ln February. Second by Member
Conn. DIScUSSlon was held. Durlng dlScuSSlon, Chairperson Reed
ruled that the Substltute motlon lS a motion to table the Item to
a speclflc tIme. DIScuSSlon was held. Member Zane moved to
overturn the rulIng of the Chair. DIScusslon was held. The
motIon to overturn the rullng of the Chair failed for lack of a
second. Member Conn wlthdrew hIS second to the Substltute
motIon, thus the subStl tute motlon to reagendlze ln February
falled for lack of a second. DI scuss lon was held. Member Zane
moved to amend page 2, sectlon 1 of the Agency resolution, to
read lnstead "It lS hereby determlned... that the parklng and
publlC lmprovement S constructed... by the CIty... are of benefIt
lnsofar as the flnal plan; the speCIfIc plan area of the downtown
shall requlre that at least 20% of the annual tax lncrement
revenues from the downtown proJect area be commltted to the
December 17, 1985
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productIon of housIng on the mall, lncludlng costs of slte
acqulsltlon, rehabllltatlon or new constructlon." Second by
Member Conn. Discusslon was held. Member A. Katz moved an
amendment, WhiCh lnstead of tYlng lnto the tax Increment, will
tle Into the duratlon of the speclflc plan, and Instead of maklng
1 t 20% annually, to make 1 t 20% of the total spent dur Ing the
speclflc plan. D1Scusslon was held. Member A. Katz r S motlon
falled for lack of a second. DlSCUSSIon was held. The amendment
to the motlon falled by the folloWIng vote:
Agency vote: Afflrmatlve: Members Conn, A. Katz, Zane
Negatlve: Members Epsteln, Jennlngs, H. Katz,
Chairperson Reed
The motlon to approve Redevelopment Agency ResolutIon No.
401 (RAS) entl tIed: "A RESOLUTION OF THE REDEVELOPMENT AGENCY
DETERMINING CERTAIN PARKING AND PUBLIC IMPROVEMENTS TO BE OF
BENEFIT TO THE DOWNTOWN REDEVELOPMENT PROJECT AREA AND
DETERMINING THAT NO OTHER REASONABLE MEANS OF FINANCING SAID
PARKING AND PUBLIC IMPROVEMENTS IS AVAILABLE TO THE CITY OF SANTA
MONICA; AUTHORIZING THE PAYMENT BY THE AGENCY TO THE CITY OF
SANTA MONICA OF THE COST OF CONSTRUCTION AND INSTALLATION OF SUCH
PARKING AND PUBLIC IMPROVEMENTS j AND APPROVING AND AUTHORIZING
THE EXECUTION OF A COOPERATION AND REIMBURSEMENT AGREEMENT
BETWEEN THE CITY AND AGENCY", was approved by the followlng vote:
Agency vote: AffIrmatIve: Members Epstein, A. Katz, H. Katz,
ChaIrperson Reed
Negatlve: Members Conn, Jennlngs, Zane
Member Conn requested the record to reflect the followlng: "I
believe that thIS tax lncrement money from the downtown
redevelopment proJect should be set aSlde for hOUSIng to mltlgate
the lmpact of thlS commercIal development on the houslng market
In thlS CIty."
Member Zane requested the record to reflect the followlng: "My
commltment to the finanCIng of the Mall remalns strong but
there1s no need to take thlS actlon at thlS tlme and clrcumvent
the lntent of the State law. We could take lt later and achleve
both flexlblllty and commitment to the Mall."
Councllmember Epsteln moved to approve Cl ty Councll Resolutlon
No. 7135 (CCS) entl tled : "A RESOLUTION OF THE CITY COUNCIL OF
SANTA MONICA DETERMINING CERTAIN PARKING AND PUBLIC IMPROVEMENTS
TO BE OF BENEFIT TO THE DOWNTOWN REDEVELOPMENT PROJECT AREA AND
DETERMINING THAT NO OTHER REASONABLE MEANS OF FINANCING SAID
PARKING AND PUBLIC IMPROVEMENTS IS AVAILABLE TO THE CITY;
CONSENTING TO THE PAYMENT BY THE SANTA MONICA REDEVELOPMENT
AGENCY OF THE COST OF CONSTRUCTION AND INSTALLATION OF SUCH
PARKING AND PUBLIC IMPROVEMENTS; AND APPROVING AND AUTHORIZING
EXECUTION OF A COOPERATION AND REH1BURSEMENT AGREEMENT BETWEEN
THE AGENCY AND THE CITY", readlng by tltle only and waIvlng
further readlng thereof, thereby apprOVIng Contract No.
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December 17, 1985
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4624(CCS), a cooperatIon and relmbursement agreement
constructlon of publlC Improvements between the Agency
Cl ty. Second by Mayor Reed. The motlon was approved
followIng vote:
for the
and the
by the
Councll vote: Afflrmatlve: Councllmembers Epsteln, A. Katz,
H. Katz, Mayor Reed
Negatlve: Councllmembers Conn, JennIngs, Zane
Councllmembers Conn and Zane requested the record to reflect the
same statements as above.
CC/ RA-3: REDEVELOPMENT AGENCY PROMISSORY NOTES EXTENSION:
Presented was a staff report recommendlng approval of extensIon
of tlme for outstandlng Promlssory NoteS for funds loaned to the
Redevelopment Agency for the Downtown and Ocean Park ProJects.
D1Scusslon was held. Councllmember Epsteln moved to approve
renewal of the SIX loans to the Redevelopment Agency and accept
the attached Promlssory Notes, and further to dlrect staff as
part of the budget process to report regardIng a repayment
schedule of same. Second by Councllmember Conn. DISCUSSlon was
held. The motIon was approved by the followlng vote:
Councll vote: Unanlmously approved 7-0
Agency Member A. Katz moved to approve and authorIze the
Chairperson to execute the SlX attached Promlssory Notes between
the Agency and the Clty, extendIng the loans for the 1986
calendar year. Second by Member Epsteln. The motlon was
approved by the followlng vote:
Agency vote: UnanImously approved 7-0
CC/RA-4: REDEVELOPMENT AGENCY 1984-85 ANNUAL REPORT: Presented
was a staff report transmittIng the 1984-85 Annual Report for the
Redevelopment Agency and an lndependent flnanclal audit for
flscal year 1984-85, pursuant to Health and Safety Code Sectlons
33020.2-33080.4. DISCUSSlon was held. Agency Member Epstein
moved to approve the staff recommendatlon, thereby adoptlng the
Annual Report and dlrectlng the Executlve Dlrector to submlt the
report and attachments to the State of Callfornla, Houslng and
Communlty Development Department. Second by Member H. Katz. The
motIon was unanlmously approved.
ADJOURNMENT: At 9: 55 P. M., Member Epstein moved to adjourn the
Redevelopment Agency Meetlng. Second by Member Conn. The motlon
was unanlmously approved.
ATTEST:
APPROVED:
f1:~~.~ /) ()
~~rlstlne E: Ree~
Chalrperson
O~~'l 71; >diu,~
Ann M. Shore
Secretary
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December 17, 1985