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SR-10-28-1986-6G .. .. . 1/ () 'I' ,- CO? '-G- OCT 28 1986 C/ED:RAS:RM:nh Council Mtg: October 28, 1986 santa Monica, California TO: Mayor and City Council FROM: City staff SUBJECT: Recommendation to Adopt Resolution Approving Final Map for Tenant-participating Conversion TPC-017 at 922 14th Street. 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 43850 TPC-017 922 14th street Francis 2l BACKGROUND The city Planning Commission approved the Tentative Map and the Tenant-participating Conversion for the above project on October 7 I 1985 f 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 pro- posed 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 adop- ted by the City of Santa Monica along with all mandatory require- ments of the Subdivision Map Act of the State of California. ,_-(; ~T 2 B 1986 - 1 - The owners have submitted to the city a Written Consent Agreement binding the owners and any successors in interest to each condi- tion 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 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 Ten- tative Map and conditions thereon, the Subdivision Map Act and local ordinances. The City Attorney's office has approved a Dec- laration of Covenants, Conditions, and Restrictions, or equiva- lent document, for this project as complying with the conditions of the Tentative Map and the Tenant-Participating Conversion. council approval of a final map for a tenant-participating con- version represents one of the last steps necessary in the conver- sion process. Following city Council action and approval by the California Department of Real Estate the applicants may begin selling their units to the tenants. As each unit is sold a con- version 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 afford- able repayment per section 2009 of Article xx. - 2 - BUDGET/FISCAL IMPACT The recommendation presented in this report does not have an im- mediate 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-Participating Conversion be approved by adoption of the accompanying resolution. Prepared by: R. Ann Siracusa, Director of Planning Richard Mills, Associate Planner City Planning Division Community and Economic Development Department RM:nh CCTPC017 10/08/86 - 3 - ") o ..... ~ -.l ..... 7'1 .Il :; .) - "'j .... :; J l) :> .... D .J l) .J J >,. l) - ::l ...J ...J :::: ...J 'lj ...J ::l :.J ...J .Ii l) ::l ...... ..; l) -j l) .J -l ~ I-l ::> .Ii >-. :! ... ~ ::> "'" "'" -- -. :>-. ~ r-l ..) +ol o ro -+-I H G) .D o c::: , <... BEFORE DISTRIBUTION CHECK CONTENT OF DISTRIBUTION OF RESOLUTION # ~3?~c) /~ I/?(; ALL FOR CITY C#ERK'S ACTION ORDINAt\l"CE # Introduced: Council Meeting Date 6'r& Yo 7-0 Was it amended? Adopted: Ail'lAYS PUBLISH AOOP1'W ORDINANCES* *Cross out Attomey's a?proval Agenda Item # -) VOTE: Affirmative: Negative: Abstain: Absent: PROOF VOTE~ WITH ANOTHER PERSO~ BEFORE ANYTHING DiSIRIBUTi0~: ORIGiNAL ~o he signed, sealed and filed in Vault. NEWSPAPER PUBLICATION (Date: ) Department origlnating staff report ( * ) *City Attorney does not want coples of his ordlnances or resolutlons. Uanaoement Ser~ices Lynne Barrette urdlnances only o J......-I ~- '" . _ 4:.- , Agency mentloned ln document or staff report (certified?) SubJect file (agenda packet) 1 Counter file 1 Others -; (ReVlew for depaLulamts who need to knc:M) . Alrport Parklng Auth. Audlto:rum Personnel BUlldlng Dept. J CU'tiliuni ty and Econanic Dev. Planning Police (en- forcement?) Finance Purchasing Recr/Parks . Fire General Servo Transportation Library Treasurer Manager SEND FOU~ COPIES OF ALL ORDINANCES TO: CODFD SYSTEMS, Attn Peter Maclearie 1. :_0 \Ialn- 1"''tr~et AV~17 ~ew Jersev_07717 ~ r t I SEND FOUR COPIES OF A.U. ORDTNA},,;r.FS TO: D~b.ra "1yr lck SA~TA MONICA MUNICIPAL COURT :725 MAIN STREET, Room 118 SM.TTA MONICA, CA 90401 *Check Code Sectl.ons before sending. TOTAL COPIES 3 ~ . ~-- Adopted and approved (4 day . / / I I /- -/. (' {i /i /-.. ! L/~ 'J ( 'I, I hereby certify that the~oing Resolution No. 7621(CCS) Of/May '/,",",1988. / I P/}i" ./~/ . , I l: Mayor was duly adopted by the city council of the City of Santa Monica at a meet~ng thereof held on May 24 f 1988 by the follo"vling Council vote: Ayes: Councilmembers: Finkel, Jennings, A. Ka t Z I H. Katz, Reed, Zane, Mayor Conn Noes: councilmernbers: None Abstaln: Councllmembers: None Absent: councilmembers: None ATTEST: _n /- " I , '-----....., j /' ~ - ----n_~ J.F_~~~"--~-v --- . - J\ctttig )Ci ty Clerk -------------- , ,. " ., Adopted and approved this 28th day of October, 1986. (' A~~ ,e ZJ ,. -- Mayor i I .' f I hereby certify that the foregoing Resolution No. 7330(CCS) was duly adopted by the City Council of the city of Santa Monica at a meeting thereof held on October 28, 1986 by the following council vote: Ayes: Councilmembers: Conn, Epstein, Jennings, A. Katz, H. Katz, Zane and Mayor Reed Noes: Councilmembers: None Abstain: Councllmembers: None Absent: Councilmembe=s: None ATTEST': ~/~~ Clty Clerk