SR-04-10-1990-6G
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APR 1 0 i990
C/ED:PB:LM
PCjtpc047fm
council Mtg: April 10, 1990
Santa Monica, California
~
TO: Mayor and city Council
FROM: city staff
SUBJECT: Recommendation to Adopt Resolution Approving Final Map
for Tenant-Participating Conversion TPC-047 at 1327
Stanford 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
35098 047 1327 Stanford Street
Neman Nemanim
7
BACKGROUND
The City planning commission approved the Tentative Map and the
Tenant-Participating Conversion for the above project on July 20,
19B8, 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 proposed 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 adopted by the city
of Santa Monica along with all mandatory requirements of the Sub-
division Map Act of the State of California.
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-
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i\Pf< 1 i; 1990
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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: Paul Berlant, Director of Planning
Larry Miner, Assistant Planner
City Planning Division
Community and Economic Development Department
PB:LM:nh
pcjtpc047fm
03/28/90
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~EFORE DISTRIBUTION CK CONTENT OF ALL
DISTRIBUTION OF RESOLUTION #dP~Os----
Councll Meetlng Date ~/ic/;?o
FOR CI ' CLERK'S ACTIO~
ORD I NAN #
Introduced:
Was lt amended?
0~ b
//,p
Adopted:
ALWAYS PUBLISH ADOPTED ORDINANCES
Cross out Attorney's approval
Agenda Item :#=
VOTE: Afflrrnatlve:
Negatlve:
Abstaln: n_
Absent: ~~
PROOF VOTES WITH~THER P~SON BEFORE ANYTHING
DISTRIBUTION: ORIGINAL to he s1gned, sealed and f1led ln Vault.
0-1
NEWSPAPER PUBLICATION (Date: )
Department orlginatlng staff report( Laurle Lieberman)
Ordlnances only for Attorney ( Claud13 Thompson) 2
Management Servlces Lynne Barrette ORDINANCES ONLY 1
Agency mentloned ln document or staff report
(cert1..fled? )
SubJect flle (agenda packet) 1
Counter flle 1
Others: {Revlew
Alrport
Audltorlum
for departments who need to know).
Parklng Auth.
Personnel
BU11dlng Dept. Planning
CIED Pollce
Flnance Purchaslng
General Servo Recr/Parks
Llbrary Transportatlon
Manager Treasurer
Flre
SEND FOUR COPIES OF ALL ORDINANCES TO:
CODED SYSTEMS
120 Main Street
Avon, New Jersey 07717
SEND FOUR COPIES OF ALL ORDINANCES TO: 4
Debra Myrlck
Santa Monlca Munlclpal Court
1725 Maln Street, Room 118
Santa Monlca, CA 90401 Total Cop~es
4
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RESOLUTION NO,
8005
(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. 35098
THE CITY COUNCIL OF THE CITY OF SANTA MONICA DOES RESOLVE AS
FOLLOWS:
SECTION 1. That the Final Map for Tract No. 35098 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:
~M.~
ROBERT M. MYERS
City Attorney
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Adopted and approved this lOth day of April, 1990.
D.-. 7 S~
Mayor
I hereby certify that the foregoing Resolution No. 8005(CCS)
was duly adopted by the city council of the City of Santa Monica
at a meeting thereof held on April 10, 1990 by the following
Council vote:
Ayes: Councilmembers: Abdo, Finkel, Genser, Katz, Reed,
Mayor Zane
Noes: Councilmembers: None
Abstain: Councilmembers: None
Absent: Councilmembers: Jennings
ATTEST:
A~~~
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April 2, 1990
Larry Miner
Plannlng Dlvlsion
Clty of Santa Monlca
Dear Mr. Miner:
Per our telephone conversation this day, attached are coples of
the revised selllng price for my unit ($94,050.00) and
lmprovements to be made prlor to the close of escrow. These
conditlons were made by Manoucher Tavakol1.
Also, attached is a copy of a real estate
Tlmes offerlng one of the unlts for sale.
for sale prlor to either the Santa Monlca
Estate Departments approvals.
ad from the Los Angeles
ThlS unit was offered
Clty Counell or Real
~gtLd~~
Anl ta Bado..~taln
1327 Stanford Street #2
Santa MonJca, CA 90404
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