SR-303-011-01
City Council Meeting 6-13-00 Santa Monica, California
TO: Mayor and City Council Members
Chairperson and Redevelopment Agency
FROM: City and Redevelopment Staff
SUBJECT: Recommendation for 1) City Council to consent to and Redevelopment
Agency to Approve Payment of Agency funds for the Virginia Avenue Park
Expansion Project, and 2) each to Adopt a Resolution Finding that the
Project is of Benefit to the Earthquake Recovery Redevelopment Project.
INTRODUCTION
This report recommends that 1) the City Council consent to and the Redevelopment
Agency approve the payment of Agency funds for land acquisition and improvements of
the Virginia Avenue Park Expansion Project and 2) each adopt resolutions (Attachments
A and B) finding that the project is of benefit to the Earthquake Recovery
Redevelopment Project.
BACKGROUND
In 1991, the City purchased 2.2 acres of land at the northwest corner of Pico and
Cloverfield Boulevards with the intent of using the site for a combination of affordable
housing and expansion of Virginia Avenue Park. The purchase was funded in part by
Housing Mitigation Funds.
In the years that followed, the City decided to use the site solely for the expansion of
Virginia Avenue Park. In fiscal year 1995-96, the Redevelopment Agency identified the
Virginia Avenue Park Expansion as a project that qualified for funding under the
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Earthquake Recovery Redevelopment Plan and met the goals and objectives of the
Agency’s Five-Year Implementation Plan.
Additionally, in 1997 the City allocated $101,911 from the Earthquake Recovery
Redevelopment Project funds for the construction of park renovations and
improvements.
DISCUSSION
Before the Agency can reimburse the Housing Mitigation Fund for the land purchase of
the Virginia Avenue Park Expansion Project, or expend funds for construction of
improvements at the park, certain actions are required by state law. The Agency, with
the consent of the City Council, is allowed to pay for the value of land and
improvements of publicly-owned facilities once the City Council adopts a resolution
finding that the project is of benefit to the Earthquake Recovery Redevelopment Project
Area; no reasonable means of financing the project are available; the project will assist
in the elimination of one or more conditions resulting from the 1994 Northridge
Earthquake disaster; and the project is consistent with the Agency’s Five-Year
Implementation Plan.
FINANCIAL/BUDGETARY IMPACT
Once the City Council and the Agency have adopted the attached resolutions, an
expenditure of $3,100,000 would be recorded at CIP account # C17039096.589000
and a revenue would be recorded at account #012224.404170.
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RECOMMENDATION
It is recommended that the City Council take the following actions:
1) consent to the payment of Agency funds for the Virginia Avenue Park Expansion
Project, and
2) adopt the attached resolution (Attachment A) finding that Agency funding for the land
and improvements of the Virginia Avenue Park Expansion Project is of benefit to
the Earthquake Recovery Redevelopment Project Area.
It is also recommended that the Agency take the following actions:
1) approve the payment of Agency funds for the Virginia Avenue Park Expansion
project, and
2) adopt the attached resolution (Attachment B) finding that Agency funding of land and
improvements of the Virginia Avenue Park Expansion Project is of benefit to the
Earthquake Recovery Redevelopment Project Area.
Prepared by: Jeff Mathieu, Director of Resource Management
Bob Moncrief, Housing and Redevelopment Manager
Martin Kennerly, Administrative Services Officer
Tina Rodriguez, Redevelopment Administrator
Mona Miyasato, Senior Administrative Analyst
Attachment A: City Council Resolution
Attachment B: Redevelopment Agency Resolution
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