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SR-6M (4)/~P.op ~ ~ 3 ~f 9 ~ OEC f 519~ PCD SF RES f 1PLANISHAREITORCAIFNMAP1tpc208 wpd Council Mtg December 1~, 1998 TO Mayor and City Cauncil FROM City Staff Santa Monica, California SUBJECT Recommendatian to Adopt Resolution Approving Final Map No 46210 for Tenant-Partrc~patmg Convers~on TPC-208 at ~ 17 Pac~t~c Street ~NTRODUCTION This report transmits f4r City Council appro~al a Final Map for the fallowing Tenant- Participating Conversion pro~ect. Tract No TPC NO ADDRESS 4fi210 20S 117 Pacific Street BACKGROUND OWNER UNITS Kas Rudaitis, 16 Nancy Osborne & Bruce Borneman The City Plannmg Cammission approved the Tentative Map and the Tenant-Participating Conversion for the abo~e pro~ect on August 19, 1992, after a public heari~g and a careful re~iew of the record and staff recommendations The action of the Planning CammissEOn was based on the Commission's fndings that the proposed Tenant-Participating Conversior~ mee#s the requirements of Article XX of the City Charter and t~at the proposed subdivision is cons~stent with applicabfe general and specific plans as adopted by the City of Santa Manica along with alf mandatory requirements of the Subdi~ision Map Act of the State of California On March 25, 1998, the Planning Commiss~on approved a one year extens~on of the Tentative Tract Map ~ ~~ OEC 15 ~ The ouvr~ers h~ve s~bm~ttEd to the C~ty a Written Consent Agreement b~nd~t~g the owner~ and any successors in interest to each condition ~mposed in connectian with approval of this Tenant-Participat~ng ConversFan This Written Consent has been appro~ed bythe City Attorney and the City Manager Each partic~pating tenant has been informed in writing of his or her rights under Article XX of the C~ty Charter The License Division reports that proper arrangements ha~e been made to ensure payment of the Tenant-PartECi~ating Con~ers~on Tax The Fina! Map conforms to the Tentative Map The Final Map has been certified by the C~ty Engineer for conformance with the Tentati~e Map and conditions thereon, the 5ubdivision Map Act and lacal ordinances The City Attorney's office has approved a Declarafion of Covenan~s, Conditians, and Restricfions, or equi~afent document, for this pro~ect as complying with the conditions ofthe Ter~tati~e Map and the Tenant-Participating Conversion Cauncil appraval of a fmal map for a Tenant-Part3apating Con~ersion represents one of the last steps necessary in the con~ersion process Follow~ng City Council act~on and approval by the Cal~fornia Department of Real Estate, the applicants may begin sell~ng the~r units to the tenants As each unit is sold, a convers~an tax per Sectian 2008 of Ar~icle XX is due ~n an amaunt equal to twelve times the r~nanthly max~mum allowable rent for #hat unit These taxes wifl be used to ass~st low and moderate income households ta purcf~ase or improve their ~nits sub~ect to afFordable repayment per Section 20D9 of ArtECle XX 2 BUDGET/FISCAL IMPACT The recommendation presented in this report does nat have an immediate budget orfiscal impact If and as units in the pro~ect are sold in the future, Tenant-Participating ConWersion Taxes will be collected pursuant to the pro~isions of Article XX of the City Char~er and some increased property tax re~enues may be generated RECOMMENDATION It is respectfully recommended that the Final Map farthis Tenant-Participating Conversion be approved by adoption of the accompanying resolution Prepared by Suzanne FricK, D~rector of PCD Karen Gins~erg, Planning Manager Da~id Martin, Senior Planner G~na Szdak, Assistant Planner C~ty Plannmg D~v~s~on Planning and Community De~elopment Department RESOLUTION NO 9349 (CCS) (C~ty Counc~V Series) A RESOLUTlON OF THE C~TY COUNCIL O~ THE CiTY OF SANTA MONlCA ACCEPTING AND APPROVING A FINAL SUBDIVlSION MAP FQR TRACT Na 4621~ AT ~ 17 Pac~~ic Street THE CITY C~UNCtL OF THE CITY OF SANTA MON~CA DOES RESOLVE AS FOLLOWS SECTION 1. That the Finai Map #or Tract Na 4621 Q m the ~~ty of Santa Mon~ca hereby is accep#ed and appro~ed. • SECTION 2 That the C~#y Clerk hereby is authorrzed and directed to endorse upon the face of said Map th~s order auther~ticated by the Seal of the City of Santa Mor~ica SECTION 3 That the City Clerk s~al! certify to the adoption of this Resol~tion, and thenceforth and tl~ereafter the same shail be in full force and effect APPROVED AS TO FORM . ~~ MARSHA ~ES MOUTRIE C~ty Attorney RESOLUTION NO 93i9 (CCS) ~CEty Council Series) A RESOLUTiQN OF THE CITY COUNCIL OF THE ClTY OF SANTA MONICA ACCEPTING AND APPROVING A FINAL SUBDIVISION MAP ~OR TRACT NO 4621 Q AT 117 Pacific Street THE CITY COUNC~L ~F THE CITY OF SANTA M~NICA DOES RESOLVE AS ~OLLOWS SECTION 1 That t~e Final Map for Tract No 46210 in the City of Santa Monica hereby is accepted and appro~ed SECTI4N 2 That the C~ty Clerk hereby is authar~zed and directed to endorse upon the face of said Map this order authenficated i~y the Seal of the C~ty of Santa Monica SECTION 3 That #he C~#y Clerk shall cer~ify to the adoption af tl~~s Resokutiort, and thenceforth and thereafter the same shall be in full farce and effect APPROVED AS TO ~ORM ~~ ~ ~~ MARSHA ~ES MQUTRiE City Attorney Adapted and appra~ed this '~ ~th of Decernber, 1998 ~5 ~--~'~ `~ /~'~c-j1'1-- Pa~ Q'Connor. Ma ar . y E. MarEa M Stewart, City Clerk of the City of Santa Monica. do hereby certify that the foregamg Resolutian 9349 (CCS) was duly adopted at a meetmg of the Santa Monica City Council held an the 15th af December, 1998 by tt~e followi~g vote Ayes Counc~lmembers FeinsteEn, Genser, Hofbraok, McKeawn, O'Connar, Rosenstem Noes Councilmemb~rs None Abstarn Co~r~c~imembers None Absent Counc~lmembers None ATTEST ~~` ~ ~~- #~r,~~ 4 MarEa M Stewart, Ci#y Clerk