SR-07-14-1987-6C
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Council Mtg: July 14, 1987
Santa Monica, California
TO: Mayor and City Council
FROM: City staff
SUBJECT: Recommendation to Adopt Resolution Approving Final Map
for Tenant-Participating conversion TPC-035 at 2507
28th 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
17426
035
2507 28th street
Twenty-Eighth st. 4
partnership c/o
Arthur Grebler,
General Partner
BACKGROUND
The City Planning Commission approved the Tentative Map and the
Tenant-Participating Conversion for the above project on August
4, 1986, 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.
,,-e
JUl 1 4 1987
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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.
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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
Ci ty 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: Suzanne Frick, Principal Planner
Larry Miner, Assistant Planner
city Planning Division
Community and Economic Development Department
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CCTPC035
06/25/87
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YOTE: Affirmative:
~ Negative:
~ Abstain:
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~ ~ PROOF VQTE~ WITH ANOTHER PERSON BEFORE A~wTHING
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BEFORE DISTRIBUTION CHECK CONTENT OF ALL
DISTRIBUTION OF RESOLUTION * 17~~yr
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CounCil Meeting Date
Agenda Item ,
Was it amended?
FOR CITY C~ERK'S ACTION
ORDINANCE #
Introduced:
Adopted:
AIJIIlAYS Pl..TRT -ISH AOOP'l'w ORDINAN('F.c;.*
*Cross out Attorney I 5 approval
NEWSPAPER PUBLICATION (Date:
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ldanagement Ser~~se~ Lynne Bar,r~tte .0rdlnances only
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SEND FOUP. COPIES OF ALL ORDINANCES TO:
CODfD SYSTEMS, Attn Peter Maclearie
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Avo-, ~~w Jersey_01717 _
SEND FOUR COPIES OF At~ ORnTNAN~~~ 10:
DebIp ~yrick .
SANTA MONICA MUNICIPAL COURT
,'.725 MAIN STREE'I; Room 118
SANTA MONICA, CA 90401
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*Check Code Sections before senCli.-
TOTAL COPIES
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RESOLUTION NO. 7464
(CCS)
(City Council Series)
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF SANTA MONICA
ACCEPTING AND APPROVING
A FINAL SUBDIVISION MAP FOR TRACT NO. 17426
THE CITY COUNCIL OF THE CITY OF SANTA MONICA DOES RESOLVE AS
FOLLOWS:
SECTION 1. That the Final Map of Tract No. 17426 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 authen-
ticated by the Seal of the City of Santa Monica.
SECTION 3. That the City Clerk shall certify to the adop-
tion of this Resolution, and thenceforth and thereafter the same
shall be in full force and effect.
APPROVED AS TO FORM:
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ROBERT M. MYERS U -
City Attorney
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Adopted and approved t . day of July, 1987.
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( - - - Mayor
I hereby certify that ~fOregOing Resolution No. 7464 (CCS)
was duly adopted by the City Council of the city of Santa Monica
at a meeting thereof held on July 14, 1987 by the following
council vote:
Ayes: Councilmembers: Finkel, Jennings, A. Katz, H.
Katz, Reed, Zanet Mayor Conn
Noes: Councilmembers: None
Abstain: councilmembers: None
Absent: Councilmembers: None
ATTEST:
~eck~
Acting city c'\.erk -
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