R-6907
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AJltchrnent F
RESOLUTION NUMBER 6907(CCS)
(Clty Council Series)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
SANTA MONICA APPROVING THE PROVISION OF LOW AND
MODERATE INCOME REPLACEMENT HOUSING AND FINDING
THAT SUCH EXPENDITURE WILL BE OF BENEFIT TO THE
OCEAN PARK REDEVELOPMENT PROJECT lea)
WHEREAS, it is the pol1cy of this loca11ty to assure an ade-
quate supply of standard hous1ng affordable to low and moderate
1ncorne persons and families; and
WHEREAS, Ocean Park Redevelopment Project lea) (herelnafter
"Project") has been established In the C1ty of Santa Monica; and
WHEREAS, the Ocean Park Redevelopment Project caused the
demolit1on of more than 700 un1ts of hous1ng; and
WHEREAS, the Redevelopment Agency of the Clty of Santa Monl-
ca seeks to lnvoke the provislon an Ocean Park Redevelopment
Project Health and Safety Code Sectlon 33334.2 for the purpose of
replacIng the supply of houslng demol1shed due to redevelopment
actlvlty; an
WHEREAS, Health and Safety Code Section 33334.2 requires
that the C1ty Counc1l concur wlth the Redevelopment Agency's
f1nding that the use of the funds will be of benef1t to the re-
development proJect area when the funds w1ll be expended outside
the boundarIes of the redevelopment project area; and
WHEREAS, the Redevelopment Agency has determ1ned that
replacing the supply of low and moderate lncome housIng avallable
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at affordable costs outside of the project area will benefit the
Ocean Park Redevelopment ProJect; and
WHEREAS, on May 8, 1984 the Redevelopment Agency adopted
Resolution Number 380 (RAS) establ1shing the Ocean Park Re-
development Project l(a) Low and Moderate Income Hous1ng Trust
Fund; and
WHEREAS, on May 8, 1984 the City Council adopted Resolut1on
Number 6855 (CCS) concurring in the establishment of such fund
and finding that it 1S of benefit to the Project; and
WHEREAS, on September 4, 1984 the Redevelopment Agency adop-
ted Resolut1on Number 389
(RAS) allocating $104,490 to the Hous-
ing Trust Fund,
NOW, THEREFORE, THE CITY COUNCIL OF THE CTY OF SANTA MONICA
DOES RESOLVE AS FOLLOWS:
SECTION 1. The City Councll f1nds and determines that the
Ocean Park Redevelopment ProJect l(a) will benefit by the es-
tabl1shment of the Ocean Park l(a) Redevelopment ProJect Low an-
dModerate Income Hous1ng Trust Fund 1n accordance with Health and
Safety Code Section 33334.2.
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SECTION 2. The Clty Clerk shall certlfy to the adoption of
th1s resolutlon, and thenceforth and thereafter the same shall be
ln full force and effect.
APPROVED AS TO FORM:
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... ..,J.. ."'L i--', .--ir--
Robert M. Myers ' ~
City Attorney
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Adopted and approved thIS 4th day of September, 1984.
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'- l'layor
I hereby certIfy that the foregoing Resolution No. 6907(CCS)
was duly adopted by the City CouncIl of the City of Santa MonIca
at a meeting thereof held on September 4, 1984 by the following
Council vote:
Ayes: Councllmembers: Epstein, Jennings, Press, Reed,
Zane and Mayor Edwards
Noes: Councilmembers: None
Absent: Councilmembers: Conn
Abstain: Councilmembers: None
ATTEST:
//./ h .C;:
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City Clerk