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R-4892 ~. " ... . ~ --roO .. RESOLUTION NO. LlllCl? rrr<:) .~--\.~........../ A RESOLUTION OF THE CITY COU~CIL OF THE CITY OF SANTA MONICA, CALIFORNIA, APPROVING ACQUISITION POLICIES AND PROCEDURES IN CONNECTION WITH THE DOWNTOWN REDEVELOPMENT PROJECT. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SANTA MONICA AS FOLLOWS: SECTION 1. That the City Manager or his designee is hereby directed to proceed with real property acquisltion within the Downtown Redevelopment Project. SECT~ON 2. That the City Manager or his designeee is hereby authorized to: a. Approve on behalf of the City appraisal reports prepared and submitted by ROBERT M. LEA ASSOCIATES. b. Establish just compeIlsatlon to be paid in the acquisition of real property on the basis of the aforesaid approved appraisals. c. Receive appropriate legal instruments for the acquisition of real property on behalf of the City, provided, however, that the acquisition thereof does not exceed the appraised price. d. All real property acquisition shall be conducted in accordance with the provisions of the California Relocation Assistance Act and other applicable State laws. SECTION 3. That the City Manager or his designee is hereby authorized to convey the real property acquired under this Resolution to the Redevelopment Agency of the City of Santa Monica fOT the implementation of the Downtown Redevelopment Project. Such conveyance shall be pursuant to Section 33220(a) of the Health and Safety Code of the State of California ~ -1~ ~ - ~ Such conveyance shall be made upon the condition that con- currently with said conveyance the Redevelopment Agency shall execute a note in favor of the City of Santa Monica in the amount of the cost of the acquisltion of such real property secured by a Deed of Trust on said property. ADOPTED and APPROVED thlS 10.....l... day of T ~~~ ~ ...... U.J~l:' 1977 . ~~.~~4~ ~1ayor I hereby certify that the foregoing resolution was duly adopted by the City Council of the City of Santa Monica at a regular meeting thereof, held on the 28th day of June, 1977. by the following vote of the Council: AYES: COUNCILMEMBERS: Bambrick, Scott. Trives, van den Steenhoven, ~'!ayor Pro '!'empore Cohen NOES: COUNcrLMEMBERS: ~one ABSENT: COUNCILMEMBERS: Reec, Mayor Swink //) , .~-t~' <:;::~~>./. " / A:i ty uc1erk / i_/ " -2-