SR-6C (10)
/Peso #9/q; ccs ~
~"
JIJ
PCD SF KG SHK f \plan\share\torca\fnmap\fmtpc279 SEP 1 6 1997
Council Mtg September 16, 1997 Santa MOnica, CaliforOla
TO Mayor and City Council
FROM City Staff
SUBJECT Recommendation to Adopt Resolution Approvmg Fmal Map for Tenant-
Participating Conversion TPC-279 at 1125 PIca Boulevard
INTRODUCTION
This report transmIts for City Council approval a FInal Map for the following Tenant-
Partlcrpatlng Conversion project"
Tract No TPC NO ADDRESS OWNER UNITS
51469 279 1125 PICO Blvd Thomas B Grigg 20
BACKGROUND
The City Planning Commission approved the Tentative Map and the Tenant-Partlclpatmg
Conversion for the above project on January 6, 1993, after a public hearing and a careful
review of the record and staff recommendations The action of the Planmng 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
-
1
~ 6C
SEP 1 6 1997
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 m writing of
his or her rights under Article XX of the City Charter
The Final Map was approved by the City Council on January 6, 1996 Ownership of the
property changed pnor to recordation The title company's request for a map WIth the new
property owner's name requires approval of the revised map by Council 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 certrfied by the
City Engineer for conformance With the Tentative Map and conditions thereon, the
SubdiVIsion Map Act and local ordmances The City Attorney's office has approved a
Declaration of Covenants, Conditions, and Restnctlons, or equivalent document, for thiS
project as complYing With the condltlons 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 Followmg City Councli action and
approval by the California Department of Real Estate the applicants may begin selhng their
2
umts to the tenants As each umt 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
umt 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-Partlclpatmg Conversion
be approved by adoption of the accompanYing resolution
Prepared by Suzanne Fnck, Director of peD
Karen Ginsberg, Planning Manager
Susan Healy Keene, ASSOCiate Planner
City Planning DIVISion
Planmng and CommunIty Development Department
Attachment A Resolution Accepting and ApproVing Final Map
3
RESOLUTION NO 9198 (CCS)
(City Council Senes)
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF SANTA MONICA
ACCEPTING AND APPROVING
A FINAL SUBDIVISION MAP FOR TRACT NO 51469
AT 1125 PICO BOULEVARD
THE CITY COUNCIL OF THE CITY OF SANTA MONICA DOES RESOLVE AS
FOLLOWS
SECTION 1 That the Final Map for Tract No 51469 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
'-#/l1V~~J~~~
MARSHA Jof::js MOUTRIE
City Attorney
-
Adopted and approved tlus 16th of September 1997
(
~1 DCZU1c----
. ,
Par-ela O'Connor. Mayor
\
L Mana M Stewart, CIty Clerk of the Cny of Santa MOllIca. do hereby certIfy that the
foregomg ResolutIon 9198 (CCS) was duly adopted at a meeting of the CIty CouncIl held on the
16th of September- 1997 by the followmg vote
Ayes Councllmembers Ebner, Femstem. Genser. O'Connor. Rosenstem
~oes Councllmembers None
Abstam Councllmembers None
Absent Councllmembers Holbrook. Greenberg
ATTEST
"-- . ~ -~..,~
Mana M Stewart. CIty Clerk
-