M-6/28/1977 (5)
.
.
RA-343
MINUTES OF THE
REDEVELOPMENT AGENCY
OF THE
CITY OF SANTA MONICA, CALIFORNIA
~une 28, 1977
7'00 p.m.
The Redevelopment Agency of the Cityof Santa Monica met in adjourned special session in
the City Council Chamber on Tuesday, June 28, 1977. The meeting was called to order at
7.05 p.m. by Chairman Pro Tempore Seymour Cohen. Roll was called:
PRESENT:
MEMBERS: Seymour A. Cohen, Chairman Pro Tempore
John Bambrick
Pe rry Scot t
Nathaniel Trlves
Pieter van den Steenhoven
ABSENT:
MEMBERS: Christine E. Reed
Donna OIBrien Swink
ALSO PRESENT
Murray Kane, General Counsel
James D. Will lams, Executive Director
John Jalili, Executive Secretary
Nancy McFarland, Secretary, EnVironmental Services
PROJECT ACTIONS AND REPORTS
OWNTOWN PROJECT'
Al Acquisition Policy
John Jal il i explained that staff is requesting the Agency to proceed with the acquiSition
of property in the Downtown Redevelopment Project area. According to Murray Kane the
recommended five-step process is as follows:
1) Agency delegates acquisition powers to the City;
2) City appropriates funds;
3) City buys the property;
4) City conveys the property to the Agency subject to a note in deed of trust; and
5) Agency accepts the property and signs the note.
Mr. Trives made a motion to approve the resolution delegating to the City of Santa
Monica the power of acquisition of real property in the Downtown Redevelopment Project.
The motion was withdrawn at this time, to be presented later.
Perry Scott moved that the Agency adopt the resolution which contains approval of the
appraisal reports prepared and submitted by Robert M. Lea Associates, and establishes
the acquisition policy of the Redevelopment Agency and directs the Executive Director
to proceed with real property acquiSition within the Downtown Redevelopment Project.
ThiS motion waS seconded by Mr. Trives and approved unanimously by members present as
follows.
~
AYES:
NOES'
ABSENT:
Bambrick, Cohen, Scott, Trives, van den Steenhoven
None
Reed, Swink
Mr. Trives then moved to adopt the resolution delegating to the City of Santa Monica the
power of acquisition of real property in the Downtown Redevelopment Project, amending
Section 2(1) to reflect 6t% per annum interest rate instead of 7%. The motion was
seconded by Mr. Scott and members voted in favor as follows
AYES'
NOES'
ABSENT:
Bambrick, Cohen, Scott, Trives, van den Steenhoven
None
Reed, Swink
ADJOURNMENT
The meeting was adjourned at 5-+5 p.m. by Chairman Pro Tempore Cohen.
7 15