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R-10519ATTACHMENT A City Council Meeting 8-10-10 Santa Monica, California RESOLUTION NUMBER 10519 (CCS) (City Council Series) A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA MONICA CONSENTING TO THE USE OF REDEVELOPMENT 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 Redevelopment Plans for the Santa Monica Earthquake Recovery Redevelopment Project, the Downtown Redevelopment Project, and Ocean Park 1A and 1B 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 1B 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, 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 WHEREAS; a joint public hearing of the City and Agency on the prapased Cooperation Agreement {the °Agreement") was noticed in aacardanae 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 inspection consistent with the requirements of Health and Safety Code Section 33679; and 2 WHEREAS, on August 10, 2010, the City and Agency held a joint public hearing on the proposed Agreement, at which time the Council reviewed and evaluated all of the information, testimony and evidence presented during the joinfi public hearing; and WHEREAS, all actions required by a!l applicable law with respect to the proposed Agreement have been taken in appropriate and timely manner; and WHEREAS, Counoil has reviewed the Summary Report required pursuant to Health and Safe#y Code Section 33679 and evaluated other information provided to it pertaining to the findings required pursuant to I-lealth and Safety Code Section 33445 and 33679: and WHEREAS, the Projects are of benefit to the Project Areas and the immediate neighborhood in which the Projects are looated; WHEREAS, the Cooperation Agreement will provide that actual payment for the Projects will be oontingent upon their preparation in acoordanoe with the applicable provisions of federal, state and local laws, !noluding the obligation to oomply with environmental laws such as CEQA and the Santa IUionica-Malibu unified School District's compliance with Heaith and Safety Code Section 33445; and. WHEREAS; sinoe there are no reasonable means 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 goals as set forth in the Implementation Plan; and 3 WHEREAS; the Agency wishes to fund the Projects with a pledge of net WHEREAS; fhe City and Agency have proposed to enter into a Cooperation Agreement to provide a means of carrying out the Projects; and WHEREAS; the Agency may use its Housing Funds to assist in the financing of those Projects that `sncrease; improve and preserve the community's supply of lour and moderate income housing, some of which may be located or implemented outside of the Redevelopment Projeot Areas and Section 3333.2{g} of the California Health and Safety Code requires requiring a finding by resolutions that the Agency's use of its Housing Fiands outside of a Redevelopment Project Areas will be of benefit to the Project Areas; WHEREAS, the Agency may use its non-housing funds to assist in the financing of those Projects that increase, improve and preserve the community`s supply of fow and moderate income housing, some of which may be located or implemented outside of the Redeveiopment Project Areas; WHEREAS, all other iegal prerequisites to the adoptian of this resolution have occurred. Rit~W; THEREFt7RE; THE CPTI' CC3tJ~ICIL C1F THE CITY OF SARlTA 1V10~IICA a DOES RESOLVE AS FOLLOtNS: SECTION 1. Sased on substantial evidence in the record, the City Council hereby €inds and determines: {1) that the €oregoing recitals are true and correct; {2} that the Projects are o€ 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 Projects will assist in the recovery from and the elimination of one or more of the conditions resulting from the Earthquake Recovery Redevelopment Project, the Downtown Redevelopment Project; and Ocean Park 1A and 1B Redevelopment Projects; {5} the Agency s allocation and use o€ Housing Funds and Non-Housing Funds for the purpose of €unding affordable housing projects and programs which may be located outside of the Project Areas will be a benefit to the Project Areas; {6) that the Projects and related work e€€orts are consistent with the implementation plan adopted pursuant to Section 33490 0€ the California Redevelopment Law. SECTION 2. The City hereby consents to the use o€ Agency funds from the Project Areas €or the Projects and other improvements for the Projects, s SECTION 3. The City Manager is hereby authorized to execute the Cooperation Rgreernent on behalf of the City. The City Manager is authorized to take any aotian and execute any and all dacuments and agreements necessary to irrrplement that Agreement. SECTION 4. The City Clerk shall certify the adaptian of this Resalution and thenaefarth and thereafter the earns sha€I be in full farce end effect. APPROVEEJ AS TO FORM: M SH J NES RIE Ci Att rn y c 1=xhibit 1 The costs associated with the Projects are current estimates based an approximate assts in 2010 dallars. Tier 1 fmprovernents Tier 2 Improverrients ~~~a~4~r Prevenk~or~ anc! 1it~ga#I~r~ • Fire Station 1 Essential Public Facility Redevelopment: X50 million • Fire Station 3 Essential Public Facility Redevelopment: X25 miifion • Emergency Preparedness Training Facility: $1~ mii[ion Facility for Public Safety Equipment Aocessibiiity: '~5 million tJewcomb and Municipal Pier reconstruction: $21 million • Pier Bridge replacement: $27 million • Stteetlight retrofits -project area-wide: $16 rnillion Corr~rr-;srsity Revi#aiization Ce~rrsrn~rciai Re~ritalizatissra • l3owntown Parking Strategy implementation -property acquisition: $117 million • IJowntown Parking Strategy implementation: $120 million • i0owntown Parking information system: $3 million + Lincoln Corridor streetscape improvements: $17 million Colorado Corridor improvements - streetscape: ~9 million Colorado Corridor improvements - property acquisition: $43 million Colorado Corridor improvements -public parking: $41 miliion Wilshire Corridor improvements -property acquisition: $8& miilion Wilshire Corridor improvements -public parking: X48 million Light-rail-serving street improvements: $129 million Light-rail stationtactivity center -shared parking: X90 million Light-rail station transit-oriented development-property acquisition: $23 million Adopted and approved this 10th day of August, 2010. am O'Connor, Mayor Pro Tem I, Maria Stewart, City Clerk of the City of Santa Monica, do hereby certify that the foregoing Resolution No. 10519 (CCS) was duly adopted at a meeting of the Santa Monica City Council held on the 10th day of August, 2010, by the foAowing vote: Ayes: Council members: MctCeown, O'Day, Davis, Holbrook, Bloom Mayor Pro Tem O'Connor Noes: Council members: None Absent: Council members: Mayor Shriver ATTEST: Maria Stewart, City Jerk