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JUl 11t 1998
RMD HOUSI NG RTM JFK F \Housrng\share\wpfiles\staffrpt\502ccsr wpd
Council Meeting July 14, 1998 Santa MOnica, Callforma
To Mayor and City Council
From City Staff
Subject RecommendatIOn to Proceed with Development of Forty-two (42) Units of
Affordable Housing at 502 Colorado Avenue
INTRODUCTION
This report recommends that the City Council authorize staff to proceed to develop an
affordable housing project contalnmg forty-two (42) Smgle Room Occupancy (SRO) umts
on the city-owned site at 502 Colorado Avenue The RFP will soliCit project proposals to
be evaluated by staff Staff Will return to Council at a later date for approval of a
recommended proposal
BACKGROUND
The City purchased property at 505 Olympic Boulevard to accommodate the develop-
ment of an alternative fueling faCility and additional bus parking at the City Transportation
Yard On June 29, 1993, the Rent Control Board granted a Removal Permit Agreement
(Case # 296R-D) allOWing the City to close down a 42-space mobile home park that was
primarily vacant The removal permIt was conditioned upon replaCing at least 42 affordable
SRO Units on that site or a contiguous site (such as 502 Colorado Avenue) by June 29,
2000
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On December 14, 1993, the City CouncIl authorized the purchase ofthe vacant lot at 502
Colorado Avenue, a contiguous site, for the purpose of developing a 42-umt SRO project
The new Units proposed for 502 Colorado Avenue represent replacement housmg for the
42 mobile home rental spaces removed from 505 OlympIC Boulevard
DISCUSSION
An RFP process, from publication to final selection of a proposal, IS estrmated to take three
to four months Staff will then return to City CounCil with a recommended proposal The
project Will proceed through the regular plannmg approval process Staff anticipates that
the project Will require a commitment of City hOUSing funds to be financially feasible
The general concept of the project mcludes 42 Units of new rental hOUSing with
subterranean or on-grade parking. RFP respondents Will be encouraged to propose a
development which Incorporates a pedestnan-onented deSign and recogmzes the site as
an Important gateway mto the Downtown for vehicles uSing the 5th Street freeway eXit The
RFP Will require that the development team be a qualified nonprofit developer with a
proven capacity to develop and manage affordable housmg projects
FINANCIAUBUDGETARY IMPACT
There IS no direct financial Impact associated with authorizing the publication of the RFP
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RECOMMENDATION
It IS recommended that the City Council authorize staff to proceed with development of an
affordable housing project containing forty-two (42) Single Room Occupancy (SRO) Units
on the property located at 502 Colorado Avenue
Prepared by Jeff Mathieu, Director, Resource Management Department
Bob Moncrief, Housmg and Redevelopment Manager
Jim Kemper, Senior Administrative Analyst
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