R-504RESOLUTION NUMBER so4 (Rqg~
(Redevelopment Series)
RESOLUTION OF THE REDEVELOPMENT AGENCY CONSENTING
TO THE USE OF AGENCY FUNDS FOR THE 2"d and 4th STREET PEDESTRIAN &
STREETSCAPE IMPROVEMENTS PROJECT AND MAKING CERTAIN FINDINGS
PURSUANT TO HEALTH AND SAFETY CODE SECTION 33445
WHEREAS, the Redevelopment Agency (the "Agency") of the City of Santa Monica
(the "City") has prepared a Redevelopment Plan (the "Redevelopment Plan") for the Santa
Monica Earthquake Recovery Redevelopment Project ("Project Area") which results in the
allocation of taxes from the Project Area to the Agency for the purposes of redevelopment;
and
WHEREAS, the intent of the Redevelopment Pian is, in part, to provide for and
facilitate the repair, restoration and/or replacement of facilities damaged as a result of the
1994 Northridge Earthquake; and
WHEREAS, pursuant to Section 33445(a) of the California Community
Redevelopment Law (Health & Safety Code Section 33000 et seq.) ("CRL"), the Agency
may, with the consent of the City Council ("City Councii") of the City, pay all or part of the
cost of installation and construction of any building, facility, structure, or other
improvements which is publicly owned either within or outside a project area, if the City
Council makes certain determinations; and
WHEREAS, since there are no other reasonable means available to the City to
complete the financing for the pedestrian and streetscape improvements on 2"d and
4tn Streets ("the ProjecY') , the Agency and City propose to enter into a Cooperation
Agreement ("Agreement") which will authorize the Agency to grant funds to the City to
implement the Project; and
WHEREAS, the Project improvements will assist in elimination of one or more
blighting conditions inside the Project Area by eliminating one or more of the conditions
identified in the aftermath of the 1994 Northridge Earthquake disaster; and
WHEREAS, the Project improvements are consistent with the Redevelopment
Agency's Five-Year Implementation Plan in that it helps achieve the Community
Revitalization goals as set forth in the Implementation Plan; and
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WHEREAS, the pedestrian and streetscape improvements on 2"d and 4t" Streets is
of benefit to the Project Area and the immediate neighborhood in which the Project is
located; and
WHEREAS, all other legal prerequisites to the adoption of this Resolution have
occurred.
NOW, THEREFORE, THE REDEVELOPMENTAGENCY OF THE CITY OF SANTA
MONICA DOES RESOLVE AS FOLLOWS:
SECTION 1. Based on substantial evidence in the record, the Agency hereby
finds and determines:
(1) that the foregoing recitals are true and correct;
(2) that the Project improvements are of benefit to the Project Area;
(3) that there are no other reasonable means available to the City to complete the
financing for the Project improvements;
(4) that the Project improvements will assist in elimination of one or more blighting
conditions inside the Project Area by eliminating one or more of the conditions
identified in the aftermath of the 1994 Northridge Earthquake disaster; and
(5) that the Project improvements are consistent with the Redevelopment Agency's
Five-Year Implementation Plan adopted pursuant to Section 33490 of the CRL.
SECTION 2. The Agency hereby consents to the use of Agency funds from the
Project Area for the Project improvements.
SECTION 3. The Agency Executive Director is hereby authoriZed to execute the
Agreement on behalf of the Agency. The Agency Executive Director is authorized to take
any action and execute any and all documents and agreements necessary to implement
the Agreement.
SECTION 4. The obligations of the Agency under the Agreement shall constitute
an indebtedness of the Agency for the purpose of carrying out the Redevelopment Plan for
the Project Area.
SECTION 5. The Secretary of the Agency shall certify the adoption of this
Resolution and thenceforth and thereafter the same shall be in full force and effect.
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APPROVED AS TO FORM
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Marsh Jones utrie
General Couns
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Adopted and approved this 14th day of August, 2007.
Ricf ard Bloom. Chair
I, hereby certify that the foregoing Resolution No. 504 (RAS) was duly adopted at
a special meeting of the Redevelopment Agency held on the 14th day of August, 2007,
by the following vote:
Ayes: Agency members: Genser, Holbrook, O'Connor, Shriver
Chair Bloom, Chair Pro Tem Katz
Noes: Agency members: McKeown
Abstain: Agency members: None
Absent: Agency members: None
ATTEST:
Maria M. Stewart, A ncy Secretary
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