ITEM 6-H
Council Mtg: July 11, 1989
TO: Mayor and City Council
FROM: City Staff
SUBJECT: Recommendation to Adopt Resolution Approving Final Map
for Tenant-Participating Conversion TPC-074 at 943 17th
Street
INTRODUCTION
This report transmits for City Council approval a Final Map for
the following tenant-participating conversion project:
Tract No. TPC NO. ADDRESS OWNER UNITS
20416 074 943 17th Street Geraldine Spira 4
BACKGROUND
The City Planning Commission approved the Tentative Map and the
Tenant-Participating Conversion for the above project on January
18, 1989, after a public hearing and a careful review of the
record and staff recommendations. The action of the Planning
Commission was based on the Commission's findings that the
proposed Tenant-Participating Conversion meets the requirements
of Article XX of the City Charter and that the proposed
subdivision is consistent with applicable general and specific
plans as adopted by the City of Santa Monica along with all
mandatory requirements of the Subdivision Map Act of the State of
California.
The owners have submitted to the City a Written Consent Agreement
binding the owners and any successors in interest to each
condition imposed in connection with approval of this
Tenant-Participating Conversion. This Written Consent has been
approved by the City Attorney and the City Manager. Each
participating tenant has been informed in writing of his or her
rights under Article XX of the City Charter. The License
Division reports that proper arrangements have been made to
ensure payment of the Tenant-Participating Conversion Tax.
The Final Map conforms to the Tentative Map. The Final Map has
been certified by the City Engineer for conformance with the
Tentative Map and conditions thereon, the Subdivision Map Act and
local ordinances. The City Attorney's office has approved a
Declaration of Covenants, Conditions, and Restrictions, or
equivalent document, for this project as complying with the
conditions of the Tentative Map and the Tenant-Participating
Conversion.
Council approval of a final map for a tenant-participating
conversion represents one of the last steps necessary in the
conversion process. Following City Council action and approval
by the California Department of Real Estate the applicants may
begin selling their units to the tenants. As each unit is sold a
conversion tax per Section 2008 of Article XX is due in an amount
equal to twelve times the monthly maximum allowable rent for that
unit. These taxes will be used to assist low and moderate income
households to purchase or improve their units subject to
affordable repayment per Section 2009 of Article XX.
BUDGET/FISCAL IMPACT
The recommendation presented in this report does not have an
immediate budget or fiscal impact. If and as units in the
project are sold in the future, Tenant-Participating Conversion
Taxes will be collected pursuant to the provisions of Article XX
of the City Charter and some increased property tax revenues may
be generated.
RECOMMENDATION
It is respectfully recommended that the Final Map for this
Tenant-Participating Conversion be approved by adoption of the
accompanying resolution.
Prepared by: Paul Berlant, Director of Planning
Larry Miner, Assistant Planner
City Planning Division
Community and Economic Development Department
PB:LM:nh
pc/TPC074
06/22/89
RESOLUTION NO. (CCS)
(City Council Series)
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF SANTA MONICA
ACCEPTING AND APPROVING
A FINAL SUBDIVISION MAP FOR TRACT NO. 20416
THE CITY COUNCIL OF THE CITY OF SANTA MONICA DOES RESOLVE
AS FOLLOWS:
SECTION 1. That the Final Map for Tract No. 20416 in the
City of Santa Monica hereby is accepted and approved.
SECTION 2. That the City Clerk hereby is authorized and
directed to endorse upon the face of said Map this order
authenticated by the Seal of the City of Santa Monica.
SECTION 3. That 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
City Attorney