R-9077
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F \HOUSING\SHARE\WPFILES\INCLUSN\RES2
City Council Meeting 8/13/96
Santa MOnica, California
RESOLUTION NUMBER 9077 (CCS)
(City Council Serres)
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF SANTA MONICA ESTABLISHING
THE MAXIMUM ALLOWABLE RENTS AND
MAXIMUM ALLOWABLE PURCHASE PRICES
FOR THE INCLUSIONARY HOUSING PROGRAM
WHEREAS, the City Council of the City of Santa MOnica adopted Ordinance
Number 1615 (CCS) on March 3, 1992, Santa MOnica MUnicipal Code Sections 9 28 stl..
seq ("the Incluslonary Housing Program"), and
WHEREAS, Santa MOnica MUnicipal Code Section 9 28100 provides that the
City Council by ResolutIon shall establish and adjust on an annual basIs the maximum
allowable rents and maximum allowable purchase prrces for mcluslonary units under
the Inciuslonary Housing Program
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SANTA MONICA
DOES RESOLVE AS FOLLOWS
SECTION 1
The maximum allowable Income levels and maximum
allowable rents and maximum purchase prices for mcluslonary Units under the
Incluslonary Housmg Program are as shown In Exhibit 1 attached hereto and
Incorporated herein by reference
1
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SECTION 2 The City Clerk shall certify to the adoption of this Resolution,
and thenceforth and thereafter the same shall be In full force and effect
APPROVED AS TO FORM
(l:tLU14.~~ftw
Mars/la Jone6!Moutne
City Attorney
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Adopted and approved thIS 13th of August, 1996
~ ~.--
Mayor
I hereby certIfy that the foregomg ResolutIOn 9077 (CCS) was duly adopted at a meetmg
of the City CouncIl held on the 13th of August. 1996 by the followmg vote
Ayes
Councllmembers
Abdo. Genser, Greenberg, Holbrook, O'Connor,
Rosenstem
Noes
Councllmembers
None
Abstalll
Councllmembers
None
Absent
Councllmembers
Ebner
ATTEST
...
~~.~
CIty Clerk'