M-6/24/1986 (2)
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CITY OF SANTA MONICA
REDEVELOPMENT AGENCY MINUTES
JUNE 24, 1986
At 7:35 P.M. a SpecIal Joint MeetIng of the Redevelopment Agency
and ParkIng AuthorIty was called to order.
Roll Call of Redevelopment Agency:
Present: ChaIrperson Christine E. Reed
ChaIrperson Pro Tempore WIllIam H. JennIngs
Member James P. Conn
Member DavId G. EpsteIn
Member Alan S. Katz
Member Herb Katz
Absent: Member DennIs Zane
Also Present: ExecutIve DIrector John JalilI
Agency Attorney Robert M. Myers
Agency Secretary Ann M. Shore
RA/PA-1: MINUTES APPROVAL: Presented were the mInutes of
Redevelopment Agency meetIngs held February 11, March 12, and
March 18, 1986. Member H. Katz moved to approve the mInutes as
presented. Second by Membe~ Conn. The motIon was approved by a
vote of fIve to one, Member EpsteIn requestIng that hIS
abstentIon be noted wIth respect to the March 12th meeting as he
was not present.
RA/PA-2: PARKING LOT THREE AIR RIGHTS/1121-35 THIRD STREET:
Presented was a staff report recommendi'1g' adoptIon of""'"a
resolution gIvIng NotIce of Intent to sell ai~-rights over
ParkIng Lot Three at 1121-35 ThIrd Street for development of
sen ior housIng. D 1 scu S5 Ion was held. Park lng Author 1 ty Member
~p stel~ ~ove? to adopt Resolu tlon No. 194 (PAS) entI tl ect:-
"RESOLUTION OF THE PARKING AUTHORITY OF THE CITY OF SANTA MONICA
GIVING NOTICE OF INTENT TO SELL AIR RIGHTS OVER PARKING LOT
THREE," readIng by title only and waIving further reading
thereof, agreeIng to sell to RetIrement HousIng Foundation the
aIr-rIghts over the parking lot at 1121-35 ThIrd Street for the
development of senIor housing, contIngent on the receipt of a
SectIon 202 loan commItment, and executIon of a Development and
DISposi tlon Agreement wi th RHF. Second by Member Conn.
DIScussIon was held. The motIon was approved by the folloWIng
vote:
AuthorIty vote: Unanimously approved 6-0
Absent: Member ZaYle
~edevelopment A~ency Memb~r A. K<;!.~z moved to approve the staff
recommendatIon, thereby authorizing the expendIture of up to
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June 24, 1986
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$90,000 ln Redevelopment Agency funds from the Clty-wlde HousIng
A cqu 1 Sl t Ion and Rehabi 1 i tat Ion Program Account number
16-720-264-000-942 for payment of archItectural and engineering
costs associated wIth the SectIon 202 proJect at 1121-37 ThIrd
Street. Second by Chairperson Reed. The motIon was approved by
the following vote:
Agency vote: UnanImously approved 6-0
Absent: Member Zane
ADJOURNMENT OF REDEVELOPMENT AGENCY MEETING: At 7:43 p.m.,
Member A. Katz moved to adJ ourn the JOInt meet Ing. Second by
ChaIrperson Reed. The motIon was unanImously approved.
ATTEST:
0-~-TL '1/7 x/!w(J
Ann M. Shore
CIty Clerk
Reed
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June 24, 1986