R-7631
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RESOLUTION NO. 7631 (CCS)
(CITY COUNCIL SERIES)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA
MONICA AUTHORIZING THE SALE OF PROPERTY AT 1747
FIFTEENTH STREET TO COMMUNITY CORPORATION OF SANTA
MONICA
WHEREAS, the City of Santa Monica (hereinafter "City") owns
the property at 1747 Fifteenth street (hereinafter "Propertyll):
and
WHEREAS, there is an urgent need for affordable housing for
low and moderate income family and senior households in Santa
Monica (hereinafter "affordable housing"): and
WHEREAS, the city has issued a Request for Proposals for
development of affordable housing on the Property, and Community
Corporation of Santa Monica has submitted a proposal pursuant to
that Request: and
WHEREAS, the City has determined that the affordable housing
development proposed by Community Corporation of santa Monica
meets the City's requirements and will help to meet the urgent
local need for affordable housing for low and moderate income
family and senior households; and
WHEREAS, Community Corporation of Santa Monica desires to
purchase the Property for development of affordable rental hous-
ing; and
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WHEREAS, the City desires to sell the Property to Community
corporation of Santa Monica for the purpose of developing afford-
able housing; and
WHEREAS, the City has caused a notice of its intent to sell
the Property to be publ ished in a local newspaper and posted
notice on the Property providing information on the date and time
of a public hearing~ and
WHEREAS, the city Council has held a public hearing at 7:30
p.m. on May 24, 1988 to hear from the public on the proposed sale
of the Property,
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SANTA MONICA
DOES RESOLVE AS FOLLOWS:
SECTION 1. The city agrees to sell the Property to Communi-
ty Corporation of Santa Monica subject to:
A. Receipt of a financing commitment from a lender for
development of affordable housing on the Property;
B. Receipt of all necessary City approvals for development
of affordable housing on the Property~
c. Compliance with the provisions of all applicable local
codes and ordinances pertaining to the development of affordable
housing; and
D. Execution of a Grant Deed between the City and Community
Corporation of Santa Monica.
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SECTION 2. Municipal Code Section 2508A provides that the
sale of real property shall be by notice inviting bids unless the
city Council finds that advertising for bids would not be in the
best interests of the City. The City council finds that adver-
tising for bids would not be in the best interests of the City
because:
A. The City has determined that the development of afford-
able housing on the Property is of overriding benefit to the City
of Santa Monica and in the public interest;
B. The City has issued a Request for Proposals for develop-
ment of affordable housing on the Property and has found the pro-
posal submitted by community corporation of Santa Monica to be
both feasible and acceptable; and
C. The City has found Community Corporation of Santa Monica
to be the most suitably qualified non-profit housing development
corporation, with experience in developing affordable housing, to
develop such housing on the Property.
SECTION 3. 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:
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ROBERT M. MYERS
city Attorney
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Adopted and approved
1988.
Mayor
I hereby certify that the foregoing Resolution No. 7631(CCS)
was duly adopted by the City Council of the City of Santa Monica
at a meeting thereof held on May 24, 1988 by the following
council vote:
Ayes: Councilmembers: Finkel, Jennings, A. Katz, H.
Katz, Reed, Zane, Mayor Conn
Noes: Councilmembers: None
Abstain: Councilmembers: None
Absent: Councilmembers: None
ATTEST:
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