R-513ATTACHMENT B
RESOLUTION NO. 513 (~S)
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF
SANTA MONICA APPROVING A
REPLACEMENT HOUSING PLAN IN CONJUNCTION WITH THE PROPOSED
430-508 PICO BOULEVARD PROJECT.
Whereas, the Redevelopment Agency of the City of Santa Monica ("the Agency")
will be considering a loan application from Community Corporation of Santa Monica
("CCSM") to acquire certain real property located at 430-508 Pico Boulevard.
Whereas, prior to entering into a loan agreement for the acquisition of the
property, the Agency is required to adopt a Replacement Housing Plan if the proposed
redevelopment project will lead to the destruction or removal of housing units from the
low and moderate income housing market.
Whereas, the Replacement Housing Plan, as attached to the Staff Report dated
December 2, 2008, complies with the requirements of Health and Safety Code Section
33413.5.
Whereas, the proposed project site is located outside df the Agency
redevelopment project areas, but pursuant to Health and Safety Code Section
33334.2(8), the City Council and Agency have found and determined in Resolutions No.
378, 380, 381 and 444 (RAS), that expenditures from the Agency's Redevelopment
Housing Trust fund for the purposes of increasing, improving and preserving the
community's supply of the low and moderate income housing located outside the
Agency's redevelopment project areas, but within the boundaries of the City, will be of
benefit to the Agency's redevelopment project areas.
NOW THEREFORE, THE REDEVELOPMENT AGENCY OF THE CITY OF
SANTA MONICA DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1. The Redevelopment Agency hereby approves the Replacement
Housing Plan, as attached to the Staff Report dated December 2, 2008, pertaining to the
proposed redevelopment project at 2411 & 2423 Centinela Avenue.
SECTION 2. The City Clerk shall certify to the adoption of this Resolution and
thereupon and thereafter the same. shall be in full force and effect.
APPROVED TO AS TO FORM:
M SHA ES MO IE
Ag cy u sel
Adopted and approved this the 9~h day of December, 2008.
Ken Genser, "'hair
I, hereby certify that the foregoing Resolution No. 513 (RAS) was duly adopted at
a special meeting of the Redevelopment Agency held on the 9~h day of December,
2008, by the following vote:
Ayes: Agency members: Bloom, Holbrook, Katz, McKeown, Shriver
Chair Pro Tem O'Connor, Chair Genser,
Noes: Agency members: None
Abstain: Agency members: None
Absent: Agency members: None
ATTEST:
Maria Stewart, A ncy Secretary