M-7/22/1986 (4)
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CITY OF SANTA MONICA
REDEVELOPMENT AGENCY MINUTES
July 22, 1986
A special jOlnt meeting of the City Councl1 and Redevelopment
Agency was called to order by Chalrperson Reed at 7:37 p.m.
Roll Call of Redevelopment Agency:
Present: Chalrperson Christine E. Reed
Chairperson Pro Tempore William H. Jennings
Member James P. Conn
Member Davld G. Epstein
Member Alan S. Katz
(entered 7:42 p.m.)
Member Herb S. Katz
Member Dennis Zane
Also Present: Executive Director John Jall1l
Executive Attorney Robert M. Myers
City Clerk Ann M. Shore
CC/RA-1: APPROVAL OF MINUTES: Presented for approval were the
minutes of the Redevelopment Agency meetings held June 17 and
June 24, 1986. Member Epstein moved approval of the minutes of
the above meetlngs. Second by Member Conn. The motlon was
unanlIDously approved.
CC/RA-2: HOUSING FUNDS/DOWNTOWN AND OCEAN PARK REDEVELOPMENT
PROJECTS: Presented was a staff report recommendlng adoption of
resolutlons allocating funds to the Downtown, Ocean Park l(a) and
1(b) Redevelopment Projects Low and Moderate Income Housing Trust
Fund; and approval of a contract with the Communlty Corporatlon
of Santa Monica for use of earnest money funds. Member Epsteln
moved approval of the staff recommendation, thereby adopting (1)
R esolu tion No. 404 (RAS) entitled: "A RESOLUTION OF THE
REDEVELOPMENT AGENCY OF THE CITY OF SANTA MONICA ALLOCATING
$131,250 INTO THE DOWNTOWN REDEVELOPMENT PROJECT LOW AND MODERATE
INCOME HOUSING TRUST FUND TO PROVIDE FINANCING FOR THE CITY WIDE
HOUSING ACQUISITION AND REHABILITATION PROGRAM AND FINDING THE
PROVISION OF SUCH HOUSING TO BE OF BENEFIT TO THE DOWNTOWN
REDEVELOPMENT PROJECT"; (2) Resolu tlon No. 405 (RAS) entl tIed:
"A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF SANTA
MONICA ALLOCATING $35,437 INTO THE OCEAN PARK REDEVELOPMENT
PROJECT l{a) LOW AND MODERATE INCOME HOUSING TRUST FUND TO
PROVIDE FINANCING FOR THE CITY WIDE HOUSING ACQUISITION AND
REHABILITATION PROGRAM AND FINDING THE PROVISION OF SUCH HOUSING
TO BE OF BENEFIT TO THE OCEAN PARK REDEVELOPMENT PROJECT 1 (a) ;
and (3) Resolution No. 406(RAS) entitled: "A RESOLUTION OF THE
REDEVELOPMENT AGENCY OF THE CITY OF SANTA MONICA ALLOCATING
$95,813 INTO THE OCEAN PARK REDEVELOPMENT PROJECT 1{b) LOW AND
MODERATE INCOME HOUSING TRUST FUND TO PROVIDE FINANCING FOR THE
CITY WIDE HOUSING ACQUISITION AND REHABILITATION PROGRAM AND
July 22, 1986
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FINDING THE PROVISION OF SUCH HOUSING TO BE OF BENEFIT TO THE
OCEAN PARK REDEVELOPMENT PROJECT 1(b), readlng the resolutions by
tl tIe only and waiving further readlng thereof; and approving
Contract No. 4773(RAS) by and between the Redevelopment Agency of
the City of Santa Monica, and Communi ty Corporatlon of Santa
Monlca, for $75,000 in Citywide Housl.ng Acquisl tion and
Rehabili ta tlon Program funds. Second by Member H. Katz.
D1Scussion was held. The motlon was approved by the followlng
vote:
Agency vote: Unanimously approved 7-0
Councllmember Zane moved adoption of Resolutlon No. 7256 (CCS)
entitled: "A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA
MONICA APPROVING THE USE OF FUNDS IN THE DOWNTOWN REDEVELOPMENT
PROJECT LOW AND MODERATE INCOME HOUSING TRUST FUND WILL BE OF
BENEFIT TO THE DOWNTOWN REDEVELOPMENT PROJECT"; Resolution No.
7257 (CCS) entl tl ed: "A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF SANTA MONICA APPROVING THE PROVISION OF LOW AND MODERATE
INCOME REPLACEMENT HOUSING AND FINDING THAT SUCH EXPENDITURE WILL
BE OF BENEFIT TO THE OCEAN PARK REDEVELOPMENT PROJECT l(a)"; and
R esolutlon No. 7258 (CCS) entl tIed: "A RESOLUTION OF THE CITY
COUNCIL OF THE CITY OF SANTA MONICA APPROVING THE PROVISION OF
LOW AND MODERATE INCOME REPLACEMENT HOUSING AND FINDING THAT SUCH
EXPENDITURE WILL BE OF BENEFIT TO THE OCEAN PARK REDEVELOPMENT
PROJECT l(b)", reading resolutions by title only and walvlng
further readlng thereof. Second by Councilmember Epstein. The
motion was approved by the followlng vote:
Councll vote: Unanimously approved 7-0
CC/RA-3: DOWNTOWN AND OCEAN PARK REDEVELOPMENT
PROJECTS/STATEMENT OF OBLIGATIONS: Continued to July 29, 1986.
ADJOURNMENT OF REDEVELOPMENT AGENCY: Member Epstein moved to
adj ourn the agency meetlng to 7: 30 p. m., July 29, 1986, to hear
Item CC/RA-3. Second by Member Conn. The motion was unanimously
approved.
ATTEST:
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Ann M. Shore
Secretary
APPROVED:
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~Christlne E. Reed
Chairperson
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JUly 22, 1986