SR-012396-6C
6C
PCD SF:DKW:SHK:f.\plan\share\torca\fnmap\tpc170 JAN 2 3 1996
Counc~l Mtg: January 23, 1996 Santa Mon~ca, Cal~forn~a
TO Mayor and City Councll
FROM, Clty Staff
SUBJECT: Recommendatlon to Adopt Resolution Approvlng an Amended
Final Map for Tenant-Participating Conversion TPC-170 at
1021 12th Street.
INTRODUCTION
ThlS report transmits for Clty Councll approval an Amended Final Map
for ~he followlng Tenant-Particlpatlng ConverSlon proJect:
Tract No. TPC NO. ADDRESS OWNER UNITS
50877 170 1021 12th George & 23
Street Peggy s.
Ferrell
BACKGROUND
Clty Councll approved the Final Map for thlS project on July 12,
1994 Prlor to recordatlon, an lncrease in allowable rents rendered
the pr~or llen invalid. The appllcant has recorded a Release of
Prlor L~en and an Agreement Creatlng a New Lien. The City Plannlng
Commission approved the Tentatlve Map and the Tenant-Partlclpatlng
ConverSlon for the above proJect on November 13, 1991, after a
public hearlng and a careful review of the record and staff
recommendat~ons, The action of the Plann~ng Commission was based
on the Commisslon's flndlngs that the proposed Tenant-Participatlng
Conversion meets the requlrements of Article XX of the City Charter
and that the proposed subdlvislon lS conslstent wlth appllcable
general and speclflc plans as adopted by the Clty of Santa Monlca
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JAN 2 3 1996
along wlth all mandatory requlrements of the Subdlvlsion Map Act of
the State of Callfornia.
The owners have submltted to the Clty a Wrltten Consent Agreement
bindlng the owners and any successors In lnterest to each condltion
lmposed In connectlon wlth approval of thlS Tenant-Partlclpatlng
ConverSlon. Thls Written Consent has been approved by the Clty
Atto~ney and the City Manager. Each partlcipating tenant has been
lnformed In writlng of hls or her rlghts under Artlcle XX of the
Cl ty Charter. The Llcense Dl vlsion reports that proper arrangements
have been made to ensure payment of the Tenant-Participatlng
Converslon Tax.
The Amended Final Map conforms to the Tentative Map. The Amended
Final Map has been certlfled by the Clty Englneer for conformance
with the Tentatlve Map and conditions thereon, the Subdlvlsion Map
Act and local ordinances. The Clty Attorney's offlce has approved
a Declaration of Covenants, Condltlons, and Restrlctlons, or
equlvalent document, for thls project as complYlng wlth the
conditions of the Tentatlve Map and the Tenant-Partlclpating
Converslon.
Councll approval of a flnal map for a Tenant-Partlcipat~ng
Converslon represents one of the last steps necessary In the
conversion process. Following Clty Counell actlon and approval by
the California Department of Real Estate the applicants may begin
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selllng the1r un1ts to the tenants. As each unit 1S sold a
converS1on tax per Sect10n 2008 of Art1cle XX 18 due 1n an amount
equal to twelve tlmes the monthly maximum allowable rent for that
unit. These taxes w1Il be used to aSs1st low and moderate income
households to purchase or 1mprove their un1ts subJect to affordable
repayment per Sect10n 2009 of Art1cle XX.
BUDGET(FISCAL IMPACT
The recommendat1on presented 1n this report does not have an 1mmedi-
ate budget or f1scal impact. If and as unlts 1n the project are
sold 1n the future, Tenant-Part1c1pating Convers1on Taxes will be
collected pursuant to the prov1s1ons of Art1cle XX of the City
Charter and some 1ncreased property tax revenues may be generated.
RECOMMENDATION
It is respectfully recommended that the Amended Flnal Map for th1S
Tenact-Part1cipat1ng ConverSlon be approved by adopt1on of the
accompanY1ng resolut1on
Prepared by: Suzanne Fr1ck, D1rector of PCD
D. Kenyon Webster, Planning Manager
Susan Healy Keene, Acting Associate Planner
Planning and Zon1ng Div1s1on
Plannlng and CommuDlty Development Department
f:\plan\share\torca\fnmap\tpc170
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RESOLUTION NO. 8989 (CCS)
(C1ty Council Series)
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF SANTA MONICA
ACCEPTING AND APPROVING
AN AMENDED FINAL SUBDIVISION MAP FOR TRACT NO.50S??
AT 1021 12th STREET
THE CITY COUNCIL OF THE CITY OF SANTA MONICA DOES RESOLVE AS
FOLLOWS:
SECTION 1. That the Amended Final Map for Tract NO.50S77 1n
the City of Santa Monlca hereby 15 accepted and approved.
l'
SECTION 2. That the Clty Clerk hereby 1.8 authorlzed and
directed to endorse upon the face of sald Map this order
authenticated by the Seal of the City of Santa Monica.
SECTION 3. That the Clty Clerk shall cert1fy to the adoptlon
of this Resolution, and thenceforth and thereafter the same shall
be 1n full force and effect.
APPROVED AS TO FORM.
rhJ~L~
MARSHA JONE$}MOUTRIE -
City Attorney
Adopted and approved thts 23rd of January, 1996
dJ~c~
Mayor
I hereby certify that the foregoIng ResolUTIon 8989 (CCS) was duly adopted at a meetIng
of the CIty CouncIl held on the 23rd of January, 1996 by the followmg vote
Ayes CouncIl members Abdo, Ebner, Genser, Greenberg, Holbrook, O'Connor,
RosensteIn
I"-
Noes CouncIl members None
Abstam CouncIl members None
Absent CouncIl members None
ATTEST
~.~,~~
CIty Clerk \.