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R-511ATTACHMENT B RESOLUTION NUMBER sli (RAS) (Redevelopment Series) A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF SANTA MONICA CONSENTING TO THE USE OF REDEVELOPMENT AGENCY FUNDS FOR THE FACADE IMPROVEMENTS TO PARKING STRUCTURES 1- 6 AND MAKING CERTAIN FINDINGS. PURSUANT TO HEALTH AND SAFETY CODE SECTION 33445 WHEREAS, the Redevelopment Agency of the City of Santa Monica (the "Agency") has prepared a Redevelopment Plan for the Santa Monica Earthquake Recovery Redevelopment Project (the "Redevelopment Plan")which would result in the allocation of taxes from the Santa Monica Earthquake Recovery Redevelopment Project Area (the "Project Area") to the Agency for the purposes of redevelopment; and WHEREAS, the intent of the Redevelopment Plan is, in part, to provide for and facilitate the repair, restoration and/or replacement of facilities damaged as a result of a 1994 Northridge Earthquake and to .perform specific actions necessary to prevent or mitigate against the effects of a disaster; and WHEREAS, the Agency owns Parking Structures 1 - 6 and is authorized by Section 33400 of the Health and Safety Code to maintain, manage, and repair this structure; and WHEREAS, the Agency wishes to delegate to the City of Santa Monica (the "City") the Agency's authority to carry out the facade improvements consisting of installation of artist designed vehicle and pedestrian entry elements, lighting enhancements, concrete planter repairs, painting, and replacement of real-time parking 1 enhancements, concrete planter repairs, painting, and replacement of real-time parking availability monument signs to these parking structures (the "Project") and the City wishes to accept that delegation, pursuant to Section 33205 of the Health and Safety Code; and WHEREAS, the Agency wishes to fund the Project with funds from the Santa Monica Earthquake Recovery Redevelopment Project; and WHEREAS, the City and Agency have proposed to enter into a Cooperation Agreement to provide a means of carrying out the Project; and WHEREAS, the improvements of the Project 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 improvements of the Project are consistent with Redevelopment Agency's Five-Year Implementation Plan in that it helps achieve the Commercial Revitalization Program goals as set forth in the FY 2004/05 through 2008/09 Five-Year Implementation Plan; and WHEREAS, the seismic retrofit and other improvements of the Project are beneficial to the benefit Project Area and the immediate neighborhood in which the Project is located; and. WHEREAS, Section 33445(a) of the Health and Safety Code authorizes a redevelopment agency, with the consent of the legislative body and if the agency and the legislative body make certain determinations specified in Section 33445, to pay all or part of the cost of installation and construction of any publicly owned improvement; and 2 WHEREAS, all other legal prerequisites to the adoption of this resolution have occurred. NOW, THEREFORE, THE REDEVELOPMENT AGENCY 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 is of benefit to the Project Area; (3) that there are no other reasonable means available other than that set forth in the Cooperation Agreement to finance the Project; (4) that the payment of funds for the Project will assist the recovery from, and the elimination of one or more of the conditions resulting from, the 1994 Northridge Earthquake disaster; (5) that the .Project is consistent with the implementation plan adopted pursuant to Section 33490 of the California Redevelopment Law. SECTION 2. The Agency hereby authorizes the use of Agency funds from the Project Area for improvements for the Project. 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 3 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. APPROVED AS TO FORM Ma a Jo a Moutrie General Counsel 4 Adopted and approved this 23`d day of July, 2008. Richard Bloom. Chair I hereby certify that the foregoing Resolution No. 511 (RAS) was duly adopted at a joint meeting of the Santa Monica City Council and the Redevelopment Agency held on the 23`d day of July, 2008, by the following vote: Ayes: Agency members: Genser, Holbrook, McKeown, O'Connor Chair Pro Tem Bloom Noes: Agency members: None Abstain: Agency members: None Absent: Agency members: Shriver Chair Katz ATTEST: Maria M. Stewart, A ncy Secretary