r-535Redevelopment Agency Meeting 12 -13 -11 Santa Monica, California
RESOLUTION NUMBER -535- (RAS)
RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF SANTA
MONICA DETERMINING THE NECESSITY OF EXPENDING FUNDS FOR THE
PLANNING AND ADMINISTRATION OF PROJECTS AND PROGRAMS WHICH
FACILITATE THE PRODUCTION, IMPROVEMENT, OR PRESERVATION OF LOW AND
MODERATE INCOME HOUSING FOR FY 2010 -2011.
WHEREAS, pursuant to the California Community Redevelopment Law (Health and
Safety Code Section 33000 et seq.) (the 'Redevelopment Law "), the City Council of the
City of Santa Monica (the "Council') adopted the Earthquake Recovery Redevelopment
Project by Ordinance No. 1747 (CCS) on June 21, 1994, the Downtown Redevelopment
Project by Ordinance No. 1021 (CCS) on January 13, 1976, the Ocean Park 1A Project by
Ordinance No. 497 (CCS) on June 30, 1960, and the Ocean Park 1 B Project by Ordinance
No. 516 (CCS) on January 24, 1961 (collectively the 'Redevelopment Plans "); and
WHEREAS, the Redevelopment Agency of the City of Santa Monica (the "Agency ")
is responsible for implementing the Redevelopment Plans pursuant to the Redevelopment
Law; and
WHEREAS, the Agency has established and implemented a Low and Moderate
Income Housing Fund; and
WHEREAS, the Housing Fund is utilized for the production, improvement, and
preservation of low and moderate income housing; and
WHEREAS, the Agency has made findings that it is necessary to utilize a portion of
the Housing Fund for the purposes of planning and administration of the Housing Fund;
and
WHEREAS, total expenditures from the Low and Moderate Income Housing Fund
1
for FY 2010 -2011 were $24,955,009, and only .6% of total funds expended were used for
planning and general administration activities, far below the industry average for Housing
Fund administration; and
WHEREAS, the amount of .6% of total funds expended for planning and general
administration activities is not disproportionate to the amount actually spent for the costs of
production, improvement, or preservation of housing;
NOW, THEREFORE, THE REDEVELOPMENT AGENCY OF THE CITY OF
SANTA MONICA DOES RESOLVE AS FOLLOWS:
SECTION 1. The Agency hereby finds and determines that the foregoing recitals
are true and correct.
SECTION 2. The Agency hereby determines that expenditures from the Low and
Moderate Income Housing Fund for FY 2010 -2011 for planning and administration
purposes are necessary to carry out low and moderate income housing activities serving
low and moderate income households and that determination fulfills the requirement of the
Health and Safety Code Section 33334.3 (d).
SECTION 3. 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:
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Adopted and approved this 13th day of December, 2011.
Richard Bloom, Chair
I, Denise Anderson - Warren, Acting City Clerk of the City of Santa Monica, do
hereby certify that the foregoing Resolution No. 535 (RAS) was duly adopted at a joint
meeting of the Santa Monica City Council and the Redevelopment Agency held on the
13"' day of December, 2011, by the following vote:
Ayes: Agency members: Holbrook, McKeown, O'Connor, Shriver
Chair Bloom, Chair Pro Tern Davis
Noes: Agency members: None
Absent: Agency members: O'Day
ATTEST:
A,tt�.,&c - &ar t t,
Denise Anderson - Warren, Acting Agency Secretary