R-7811
. ,
RESOLUTION NO. 7811 (ecs)
(CITY COUNCIL SERIES)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA MONICA
TRANSFERRING PROPERTY OF THE PARKING AUTHORITY TO THE CITY
WHEREAS, the Parking Authority of the City of Santa Monica
is the owner of certain real property located at 1116-46 Fourth
street in the city of Santa Monica; and
WHEREAS, given the location of such property it is not
economic to use such property solely for parking purposes; and
WHEREAS, the development of housing units in the air rights
over the Property would be compatible with maintaining at least
the existing number of public parking spaces for parking
purposes; and
WHEREAS, the city of Santa Monica desires to sell the air
rights over the Property to Retirement Housing Foundation ("RHFn)
for purposes of developing senior housing under the U. S.
Department of Housing and Urban Development (RUD) Section 202/8
Program; and
WHEREAS, pursuant to streets and Highways Code Section
32667, the legislative body by two-thirds vote may adopt a
resolution transferring property of the Parking Authority to the
City; and
WHEREAS, the transfer of such property does not contravene
any covenant or agreement made with the holders of any bonds of
the parking Authority of the city of Santa Monica issued and
outstanding,
- 1 -
.
.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SANTA MONICA
DOES RESOLVE AS FOLLOWS:
SECTION 1. Upon the approval of RHF's application for loan
funds for the development of senior housing units under the HUD
Section 202/8 Program, and upon a determination by the City
Council that the desired pUblic parking facility for the site can
be constructed in conjunction with the senior housing, the
property located at 1116-46 Fourth Street in the City of Santa
Monica shall be transferred from the Parking Authority of the
City of Santa Monica to the City of santa Monica, and accepted by
the City of Santa Monica.
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:
~""^.~
Robert M. Myers U
City Attorney
:reso4th4
- 2 -
.
e
.
Adopted and approved this 23rd day of May, 1989.
p =--Mayo) ~
I hereby certify that the foregoing Resolution No. 7811(CCS)
was duly adopted by the city Council of the City of Santa Monica
at a meeting thereof held on May 23, 1989 by the fOllowing
Council vote:
Ayes: Councilmembers: Abdo, Finkel, Jennings, Katz,
Mayor Zane
Noes: Councilmembers: Reed
Abstain: Councilmembers: None
Absent: councilmembers: Genser
."'-
ATTEST:
O-wb
- Deputy c~ dlerk