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SR-10-24-2006-1B~~~ . . ~ ~;ty of City Councii Report Santa Monica City Council Meeting: October 24, 2006 Agenda Item: 1 ~ To: Mayor and City Council From: Eileen Fogarty, Director, Planning and Community Development Subject: Recommendation to Authorize the City Manager to Negotiate and Execute a Subdivision Improvement Agreement and Adopt a Resolution Approving Final Tract Map No. 61234 for a 33-Unit Condominium Project at 1502 Broadway. Recommended Action Staff recommends that the City Council authorize the City Manager to negotiate and execute a Subdivision Improvement Agreement and adopt the accompanying resolution approving Final Tract Map No. 61234. Executive Summary This report transmits for City Council approval a Final Tract Map for the following condominium project. The Tentative Tract Map was approved by the Planning Commission on February 16, 2005. TRACT MAP ADDRESS SUBDIVIDER UNITS No. 61234 1502 Broadway Broadway Group 33 Discussion After a public hearing and careful review of the record and staff recommendations, the Planning Commission approved a Tentative Tract Map for the above project on 1 February 16, 2005. The action of the Planning Commission was based on its findings that the proposed subdivision, with mitigation measures, will have no significant environmental impact and is in conformance with all state and local laws and regulations, and applicable General Plan Elements. The Final Map conforms to the Tentative Map. The developer will be required to show proof of payment of the condominium tax of $33,000 prior to issuance of building permit. The project has been certified by the City Engineer for conformance with the Tentative Map and conditions thereon, the Subdivision Map Act and local ordinances. The City Engineer's office indicates that there are required off-site public improvements and an off-site improvement agreement and bonds have been submitted by the developer. The applicant has signed the Subdivision Improvement Agreement, stating their agreement with the City to complete the required public improvements at the expense of the applicant. The agreement has been approved as to content by the City Engineer and as to form by the City Attorney. The City Attorney's office has approved the Covenants, Conditions and Restrictions for the Final Map as complying with the conditions of the Tentative Map and applicable taws. Budget/Financial Impact The recommendation presented in this report does not have a budget or fiscal impact. Prepared by: Ava M. Pecherzewski, Associate Planner 2 Approved: Forwarded to Council: _ ~~ ; ileen Fogarty amont E II _ Director ity Manager Planning & Community Development Attachments: A. Resolution B. Subdivision Improvement Agreement ac men s . . ava ~ a e o r rev ~ ew . , a e ~ er s ~ce.