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R-527ATTACHMENT B Redevelopment Agency Meeting 8-10-10 Santa Monica, California RESOLUTION NUMBER 527 (RAS) (Redevelopment Series) RESOLUTION OF THE REDEVELOPMENT AGENCY CONSENTING TO THE USE OF AGENCY FUNDS FOR PAYMENT OF COSTS ASSOCIATED WITH THE RDA FUNDED PROJECTS IN THE AGENCY'S CURRENT AND PROSPECTIVE FIVE-YEAR IMPLEMENTATION PLANS AND MAKING CERTAIN FINDINGS PURSUANT TO HEALTH AND SAFETY CODE SECTIONS 33445 AND 33334.2 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 Downtown Redevelopment Project, and Ocean Park. 1A and 1 B Redevelopment Projects (the "Redevelopment Plans") which would result in the allocation of taxes from the Santa Monica Earthquake Recovery Redevelopment Project Area, the Downtown Redevelopment Project Area, and Ocean Park 1A and 1 B Redevelopment Project Areas (the "Project Areas") to the Agency for the purposes of redevelopment; and WHEREAS, the intent of the Redevelopment Plans is, in part, 1) 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; 2) promote economic and commercial revitalization in the Downtown; and 3} inorease, improve and preserve the community s supply of low and moderate income housing, some of which may be located or implemented outside of a Redevelopment Project Area; WHEREAS; a joint public hearing of the City and Agency on the proposed Cooperation Agreement {the "Agreement") was noticed in accordance with the requirements of 33445 and 33679; and WHEREAS; the Summary Report meeting the requirements of Health and Safety Code Section 33679 was available for public inspeotion consistent with the requirements of 0-lealth and Safety Code Section 33679; and 2 WHEREAS, on August '!0, 20'10, the City and Agency held a joint public hearing an the proposed Agreement, at which time the Counoii reviewed and evaluated all of the information, testimony and evidence presented during the joint public hearing; and WHEREAS, all actions required by all applicable law with respect to the prapased Agreement have been taken in an appropriate and timely manner; and WHEREAS; Council has reviewed the Summary Report required pursuant to Health and Safety Code Section 33679 and evaluated other information provided to it pertaining to the findings required pursuant to Health and Safety Code Section 33445 and 33679: and WHEREAS, the Projects are of benefit to the Prajeat Areas and the immediate neighborhood in which the Projects are located; and WHEREAS, the Cooperation Agreement will provide that actual payment for the Projects will be contingent upon their preparation in aocordance with the applicable pravi~ians of federal, state and' coca! laws, including the obligation to Damply with environmental laws such as CEQA and the Santa tvionica-dU9alibu t.Jnified School District's compliance with Health and Safety Code Section 33445; and WHEREAS; since there are no reasonable rr~eans available to the City to complete the financing of the Projects; and WHEREAS; the improvements and related work efforts of the Projects are consistent with the Agency's Five-Year Implementation Plan in that they help achieve the goats as set forth in the Implementation Plan; and 3 WHEREAS; the City and Agency have proposed to enter into a Cooperation Agreement to provide a means of carrying out the Projec#s; and WHEREAS, all other legal prerequisites to the adoption of this resolution have occurred. t~f3W; THEREFORE, THE REQE1fELOP~11Et~T AGE€~CY OF THE CITY flF SANTA MONICA DOES RESOLVE AS FOLLOWS: Si=CTION 1. Based on substantial evidence in the reoord, the Agency hereby finds and deterrr~ines: {1 } that the foregoing reoitais are true and oorreot; {2) that the Projects are of benefit to the Project Areas; {3) that there are no other reasonable means available other than those to be set forth in the Cooperation Agreement to finance the Projects; {4) that the payment of funds for the ~rojeots will assist in the recovery from and the elimination of one or more of the conditions resulting from the Earthc{uake Recovery Redevelopment Project, the downtown Redevelopment Project, and Ocean Park 1A and 1 B Redevelopment Projects; {5j the Agency's allocation and use of Housing Funds and Non-Housing for the purpose of funding affardable housing projects and programs which may be located outside of the Project Area will be a benefit to the Project Areas; {6) that the Projects and their related work efforts are consistent with the implementation plan adopted pursuant to Section 3349(3 of the California Redevelopment Law. SECTION 2. The Agency hereby consents to the use of Agency funds from the Project Areas far the costs associated with the Projects. 5 SECTlOR! 3. The Agency Executive director is hereby authorized to execute the Cooperation Agreement on behalf of the Agency. The Agency Executive Oireotor is authorized to take any action and execute any and al! doouments and agreements necessary to implement that Agreement. SECTiO~! 4. The Secretary of the Agenoy shat! certify the adoption of this Resolution and thenceforth and thereafter the same shelf be in fu!! force and efFect. APPROVEE3 AS TO FORD: N1A S A J S fV10U E Gen ral Co nc I 6 Exhibit 1 The casts associated with the Projects are current estimates based on approximate costs in 2010 dollars. Tier 1 Improvements Tier 2 Improvements disaster Praventian and itigatiar~ Fire Station #1 Essential Public Facility Redevelopment: $50 million Fire Station 3 Essential Public Facility Redevelopment: X25 million Emergency Preparedness Training Facility: X18 million 7 i=acility for Public Safety Equipment Accessibility: $5 minion ~lewcomb and Municipal Pier reconstruction: X21 million Pier Bridge replacement: $27 million Streetlight retrofits -project area-wide: $15 million Bus/rail inter€ace infrastructure: $20 million Streetcar infrastructure: $235 million Transit pubiic service faci{ity: ~3 million ~orr~rr~erc~al Reviiizati~ra Adopted and approved this the 10th day. of August, 2010. i%r-= Pam O'Connor, Chair Pro Tem I, Maria M. Stewart, City Clerk of Santa Monica, do hereby certify that the foregoing Resolution No. 527 {RAS) was duly adopted at a special meeting of the Redevelopment Agency held on the 10th day of August, 2010, by the following vote: Ayes: Agency members: McKeown, O'Day, Davis, Holbrook, Bloom Chair Pro Tem O'Connor Noes: Agency members None Absent: Agency members: Chair Shriver ATTEST: d.~' Maria M. Stewart, Agency Secretary