ITEM 6-E

Council Mtg: November 13, 1990

TO:       Mayor and City Council

FROM:     City Staff

SUBJECT:  Recommendation to Adopt Resolution Approving Final Map  for
          Tenant-Participating  Conversion  TPC-104  at  229  Bicknel
          Avenue

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

49193       104     229 Bicknell Avenue  The Bicknell Avenue  27
                                         Santa Monica Property,
                                         a California General
                                         Partnership

BACKGROUND

The City Planning Commission  approved  the  Tentative  Map  and  the
Tenant-Participating  Conversion  for  the  above project on April 4,
1990, 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 Con-
version.  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  proj-
ect  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  Depart-
ment  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 Arti-
cle XX.

BUDGET/FISCAL IMPACT

The recommendation presented in this report does not have an  immedi-
ate budget or fiscal impact.  If and as units in the project are sold
in the future, Tenant-Participating Conversion  Taxes  will  be  col-
lected  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: D. Kenyon Webster, Principal Planner
             Johanna Marie Gullick, Associate Planner
             City Planning Division
             Land Use and Transportation Management Department


                   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. 49193

     THE CITY COUNCIL OF THE CITY OF SANTA MONICA DOES RESOLVE AS
FOLLOWS:

     SECTION 1.  That the Final Map for Tract No. 49193 in  the  City
of Santa Monica hereby is accepted and approved.

     SECTION 2.  That the City Clerk hereby is authorized and direct-
ed  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