R10194ATTACHMENT B
RESOLUTION NUMBER 1o194 (CCS)
(City Council Series)
RESOLUTION OF THE CITY OF SANTA MONICA CONSENTING
TO THE USE OF AGENCY FUNDS FOR THE REHABILITATION AND ADAPTIVE
REUSE OF 415 PACIFIC COAST HIGHWAY AND MAKING CERTAIN FINDINGS
PURSUANT TO HEALTH AND SAFETY CODE SECTION 33445
WHEREAS, the Redevelopment Agency (the "Agency ") of the City of Santa Monica
(the "City ") has prepared a Redevelopment Plan (the `Redevelopment Plan ") forthe Santa
Monica Earthquake Recovery Redevelopment Project ('Project Area ") which results in the
allocation of taxes from the Project Area to the Agency for the purposes of redevelopment;
and
WHEREAS, the intent of the Redevelopment Plan is, in part, to provide for and
facilitate the repair, restoration and /or replacement of facilities damaged as a result of the
1994 Northridge Earthquake ; and
WHEREAS, the property at 415 Pacific Coast Highway, which is owned by the State
of California and maintained by the City of Santa Monica through a long -term operating
agreement, was severely damaged by the 1994 Northridge Earthquake; and
WHEREAS, the City desires to cooperate with the Agency to complete the financing
for the rehabilitation and adaptive reuse of 415 Pacific Coast Highway (the `Project'); and
WHEREAS, since there are no other reasonable means available to the City to
complete the financing forthe rehabilitation of the Project, the Agency and City propose to
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enter into a Cooperation Agreement ( "Agreement ") which will authorize the Agency to grant
funds to the City to rehabilitate the Property; and
WHEREAS, the rehabilitation of the Project will assist in elimination of one or more
blighting conditions inside the project area by eliminating one or more of the conditions
identified in the aftermath of the 1994 Northridge Earthquake disaster; and
WHEREAS, the rehabilitation and adaptive reuse of the Project is consistent with
the Redevelopment Agency's Five -Year Implementation Plan in that it helps achieve the
Disaster Prevention and Mitigation and Community Revitalization goals as set forth in the
Implementation Plan; and
WHEREAS, the rehabilitation and adaptive reuse of the Project is of benefit to the
Project Area and the immediate neighborhood in which the Project is located; and
WHEREAS, all other legal prerequisites to the adoption of this Resolution have
occurred.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SANTA MONICA
DOES RESOLVE AS FOLLOWS:
SECTION 1. Based on substantial evidence in the record, the City Council hereby
finds and determines:
(1) that the foregoing recitals are true and correct;
(2) that the rehabilitation and adaptive reuse of the Project is of benefit to the Project
Area;
(3) that there are no other reasonable means available to the City to complete the
financing for the rehabilitation of the Project;
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(4) that the rehabilitation of the Project will assist in elimination of one or more blighting
conditions by eliminating of one or more of the conditions identified in the aftermath
of the 1994 Northridge Earthquake disaster; and
(5) that the rehabilitation and adaptive reuse of the Project is consistent with the
Redevelopment Agency's Five -Year Implementation Plan adopted pursuant to
Section 33490 of the CRL.
SECTION 2. The City Council hereby consents to the use of Agency funds from the
Project Area for the rehabilitation and adaptive reuse of the Project.
SECTION 3. The City Manager is hereby authorized to execute the Agreement
on behalf of the City. The City Manager is authorized to take any action and execute any
and all documents and agreements necessary to implement the Agreement.
SECTION 4. The obligations of the Agency under the Agreement shall constitute
an indebtedness of the Agency for the purpose of carrying out the Redevelopment Plan for
the Project Area.
SECTION 5. The City Clerk shall certify the adoption of this Resolution and
thenceforth and thereafter the same shall be in full force and effect.
APPROVED AS TO FORM
Mars va Jones utne
City Attorney
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Adopted and approved this 23rd day of January, 2007.
Richard Bloom, Mayor
I, Maria Stewart, City Clerk of the City of Santa Monica, do hereby certify that the
foregoing Resolution No. 10194 (CCS) was duly adopted at a meeting of the Santa
Monica City Council held on the 23rd day of January, 2007, by the following vote:
Ayes: Council members: Genser, Holbrook, McKeown, O'Connor, Shriver
Mayor Bloom
Noes: Council members: None
Abstain: Council members: None
Absent: Council members: Mayor Pro Tern Katz
ATTEST:
Maria M. Stewart, City Clerk