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SR-407-002-02-03 (3)I~d_~ la~ '~"' ATTACHMENT B Constraints Analysis and Nexus Study; Condominium Review HAMILTON, BABINOVITZ & ALJCHULER, TnC. Po~icy, Financial & ManUgemeret Cun,ulta~et~ MEMORANDUM FOR: Robert Moncrief, Housing Manager MEMORANDUM FROM: Paul J. Silvern SUBJECT: Characteristics of Recent Condominium Projects DATE: December 7, 1999 This memorandum summarizes the characteristics of 30 new condominium projects submitted to the City of Santa Monica ("City") for land use entitlement approvals, between March l, 1998 and April 30, 1999, a period that includes final approval of the Affordable Housing Production Program.' The number of applications was a surprise to City staff and decision makers, and a source of concern about the implications of these projects for City housing policies and impacts on the neighborhoods in which they would be constructed. On May 25, 1999, the City Council adopted Interim Emergency Ordinance 1944, which established a 45-day moratorium on multi-family development in the City's multi-family residential zoning districts, to enable the City to assess the impacts of new development and other related housing issues. The moratorium was subsequently extended for nine additional months. The analysis reported here explores the degree to which the 30 new projects differ in any significant ways from condominium projects proposed in past years, and the motivations underlying the developers' decision to apply for permits at this time. Following a summary of our findings and conclusions, the memorandum presents (beginning at page 4) the physical and operational characteristics of the 30 recent projects, and compares them with past patterns of condominium development, based on HR&A analyses prepared for the City's Housing Element Updatez and its Affordab]e Housing Production Program.' We then report (beginning at page 17) the results of telephone interviews with nearly all of the new project developers regarding their motivations for proposing their projects, including the relative importance of changed masket ~ Santa Monica Municipal Code (SMMC), Chapter 9.56, commencing with § 9.56.00. Z City of Santa Monica, 1998-2003 Ilou,ring F_len:ent Update, 1998, including a Tccluvcal Appendix containing 10 HR&A memoranda and reports, whose subjects include assessments of the City's Conditional Use Permit process for ncw condominiums, and its previous Inclusionary Housing Program (Ordinance 1615), as potential or actual "constraints" on the development of new housing in the City. (Hcreinafter, "Housing Element Update"). ' HR&A, Ine., "Revised Inclusionary Housing Prograni for the City of Santa Monica," a memorandum report, dated April 6. 1998. (Hereinafter, "Re~-~sed Inclusionary Housing Program Memo'}; and HR&A, Inc., The Nexus Between R'ew Market Rate Multi-Farnily Developments in the City of Santa 1Llonica arrd the Need for Affordable Hor~sing, July Z 1999. (Hereinafter "Neavs Studt"). i~~:> >oc'r~-[ Bc~vl~ Dizrt~r-. Scirf ~?,, Lus A~c,Fr_ss, C~u.[FOx~i,~ 9cc>~ , T~~_ _~.o.Szo.3443 • P~a: ;raiS~o-677Fi N~~~,, y~~Kti Los An;ce~es Characterrstics ofRecent Condominium Projects circumstances and recent changes in City development regulations, including fee option in the Affordable Housing Production Program.° In a separate memorandum we analyze the financial feasibility implications of the changes in market conditions, as reflected by these projects, for the nexus calculations underlying the Affordable Housing Production Program's fee option. 4 SMMC § 9.56.070. HA_~1IL'fON, Rr16INOVITZ & ALSCHLI[,~2; INC. Page 2 Characteristics of Recent ('nvir)nminivm Prnin~l~ I. OVERVLEW AND SUMMARY OF RECENT CONDOMINIUIVI PROJECTS Thirty new condominium projects, with 176 units, were submitted to the City of Santa Monica for land use entitlements between May 1, 1998 and Apri130, 1999. The following is a summary of their characteristics, and comparisons with condominium developments during the past decade. The number of condominium projects, and proposed units, is Zarge by comparison with most of the I990s, but is not unprecedented in Santa Monica's recent history. The number of projects is significantly higher than in most of the vears of the 1990s_ a neriod that included a severe economic recession and ~ - ---- -~-~--- --- - - - - numerous changes in City development regulations. But, the volume falls short of .L- - --i--- _r___~.__~.___ m_~ A..1~,_ ~L_ 1_..s _..,,1 .. „_i.,,~ ~,...1_ .,f 1 hDl1 uic iiuiuuci vi a~Yu~auuii~ iucu uuiuiy uic ia~~ icai cSiaic iiiaiac~ ~ca~ vi i7o7- 199o, when over half the total number of condominium project applications in the p~st 10 years were r:ied. The 30 new pro~ects are abe ~' *wo-tturds ofthe n;~~ .5er proposed in 1989, and one-third of the 1990 total. Tlen mrorn7/ c~nlv nasil ir'foHCihr nfflro vimar nrniorfc ir cirnilnw is~ sv~nrf rocs~ v.~fc ...., ....,....... ~........ ......... ..........,,. y J ...... ....... t.~ J...,..., ... .,........... ~ .... ,,....,.. ... ~,...,...,~ to past condorninium projects, but they are more heavily concentrated north of ~lshire Boulevard and have somewhat larger average unit sizes. Most of the new projects are relatively small, as in the recent past. They are primarily one-lot developments on sites zoned for low-density multi-family development, and all have 12 or fewer units each; about three-quarters have five or fewer units. A much larger proportion of the newer projects than in the recent past, however, are planned for sites north of Wilshire Boulevard (63%), and fewer (10°/a) will be located south of Pico Boulevard. Oce-lot pro~ects with two-be~room units, the dominant project type, are slightly larger (by 237 square feet, or 3%), on average, than in the recent past, and the average size of the two-bedroom units is larger (by 222 square feet, or 16%). ~72e new conuominium projects wiii repiace rentai units to a greater riegree than in the recent past. Two-thirds of the new project sites contain, or previously contained, rental units, and the other one-third were vacant or featured single- familv hnmec Thi~ is a reversal in the relative nrnnnrtinns nf nri~r uses cmm~arerl -- - - ~ -- -~---- with the recent past. It reflects further depletion of the supply of vacant and ._l., C ..._:1"" ,. "Ia: l ~'7"' _ ".,11 .. ,_L..~.~,.,, : ....__i_~.,_" 3iiigic-iaiiury ~iic5 iTi iiiuuriauury cGiic9, a~ wcu as ciiau~c~ u~ ic~uiawiy procedures, including changes influenced by court decisions, that make it easier to remove controlled rental units under the Ellis Act today. The necv condominium projects s~epresent n net ancrease of dwelling units an the City's housing stock, but a reducPion in the number of units #hat rent at prices affarclable to lower-income households. Overall, the 176 new condominium HAM[LTON, R,4BINOVITZ & ALSCFICR.GR, I'VC. ~ P3gC 3 Characteristlcs ofRecent ('nnllnminivsn Prnio~ta units will replace lo9 existing, or previously e~sting dwelling units, for a net increase of 67 units. Ninety-one of the previous units had restricted rents under the City's Rent Control Law. About two-thirds (62, or 68%) of these units rented at prices that today would be "affordable" to lower-income households, based on City definitions that include rent and number of bedrooms per unit. The ne-v condominiums will produce abaut $2.I million in Affordable Hausing Fee revenue, which can support development of 14-16 new units affordable to lower-income households. If all 30 projects eventually pay the new Affordable Housing Fee of $7.31 per square foot, as elections to do so stated in 21 of the nroiect annlications sueeest_ the fee nroceeds will sunnort develonment of 14 units affordable to a low-income household, or 16 units affordable to a very low-income ,~_......,~..,a .~... ~:...,.. .. ..~...:a.. _ iiuu~ciiviu, ai ~iic ~,uy ~ av2ia~c jici-iii~ii Suu~iuy ia~2. ~'aty land use entitde.;.~nt processing outcomes for r.c~se projects are similar to past trends, hut hearin~ bndy deeision time lines are faster. All of the new condominium projects that reached the Planning Comtnission or City Council prior +.. fhP rr. r~+nr:~.m .> >Pra ~vith rnnrli4innc anA mnct Ya~Pra avamnt Frnm 4ha w u.v ...v.uw..~a.,, v.wv c~i.^yr~v~.... ...~,. ........ .... ......~.. ....... ..«..,..r.....,... ~,... California Environmental Quality Act, due to their small number of units. It now takes less time to obtain discretionary decisions, from the date an application is accepted for processing compared with the recent past. C'hanges an market condition~i. ~, the ability to sell units for a higher price-is the primary reason applicants initiated the new condominium projects, not changes an City regulations. Structured telephone interviews with the sponsors of nearly all of the 30 new condominium projecta indicate that improved market conditions is the primary motivation for seeking City approvals of their projects at this time. Only one applicant mentioned the new Affordable Housing Fee, and only as a secondary factor. This case involved a project approved six years ago ,.:+I, ~ h~„t,or ~ff ,-.7~l,lo i,.,.,~;,,.. C P rP.,,,;rA..,A..+ ..... ~ ...b..,,. ~...,.,.w,..,. ...,.,~...b ..,., ..,y.....,....,..~. 1 iee new projects are projecting higher sa~es prices than an past years, but they are paying more for land and construction costs. Interviews with project applicants indicate that although sales prices have risen over the past few years, so hava lanrl rnctc anrl cnnatmctinn cncts ThP fPasihilitv imnlinatinnc nf thPSP "-' - -~'- -~.._.. _'-_ -~"..`-...-`-~" -_.._... --'- --_..'..'-°~ "-'r"--'-~"., _- "'-.._ changes, and what they imply for the City's Affordable Housing Fee, are addressed '--------__r,,,o-~ -------~-- 1T1 A SC~3IdLC I7iC0.'K IIICIIIOCGiIUUIII. I3AMIi;PON, RABINOViT7 & ALSCHULER, INC. Page 4 Characteristics of Recent r„~a,,,,,;.,;,,~., vr,,;o,.t. II. CHARACTERISTICS OF THE NEW PROJECTS AND COMPARI50NS WITH PAST TRENDS The following sections present the characteristics ofthe 30 condominium projects filed between May 1, 1998 and Apri130, 1999, based on a detailed review of the City's application files.s Where possible, the analysis also presents comparisons between these projects and new condominium project applications filed between 1989 and 1995, or in some cases, between 1989 and 1997. The historical patterns used for comparison are those contained in analysis prepared by HR&A for the Housing Element Update. A_ Numher nf PrniP~tc Prnnnserl --' "-----° -----u-------r-'-_ . m~- -----L- -° ---~--°--'---- ---~-`- -_~ _______a _._:.,. :.. i..___ ~__ __.v_....:..__ ---:.L t ne nurn~er ui ~unuurimuu~u pru~c~w, auu ~iu~weu uws_, i~ iaige vy wiii~raii~~ii wiiii most of the 199os, but is not unprecedented in Santa Monica's recent history. As shown in Table 1, 1998 was the first year in nearly a decade that more than 10 new condominium projects have been proposed in a single vear. On the other hand, the 32 new condominium projects filed in all of 1998 and 1999, through April 30,6 fall far short of the numbers prnposed during the tast real a~+~+A ..,o.-lrP4 nP~l~ nf 1 QRQ_ 1 OQ(1 Tho annliratinnc filarl in inet thneP t~x~n voarc arrnnnt fnr nvPr .,~.........K,...,, Y.,~.~ ~. .,,,, .,,.,. ...., wrr...,.....,.,., ....,.. . .~ ..... ......... ... ~..~.., .....,.,..... ..,. ..,.,. half (61%) the total projects and units (58%) proposed in the past decade. The number of project applications in 1998 is about two-thirds of the 1989 total, and about one-third of the 1990 total. The pace of 1999 applications, as of the end of April, indicates that the number of projects and units filed in 1999, on an annualized basis, would have been a little larger than 1998 (i.e., about 27 projects and l 56 units), if not for the moratorium, but of similar magnitude compared with the 1989-1990 peak. ' A copy of the application audit protocol used by HR&A to eatract inforntation about each project from City files is included as Appendix A. ~ For purposes of dcscribing the relauve volume of applicaUons, we include~ one additional project (957 19°i Street) filed in 1998, but prior to the May 1 cut-oETdate used in other analyses presenled in this memo, and anotl~er project filed during the analysis period (1513 9'~ Street), but whose application file was unavailable for analysis. In most other cases, the analysis focuses on 30 new projects. HAM[LTON, RAQ[NOVTTZ & ALSCHLILLR, INC. Page 5 Characteristics of Recent ('nv~~ mini»m Pvnia~fc ., ................»... _ ...~_.,.., Tahle 1 Number of Condominium Project Applications in Santa Monica, 1989-1999 Application Number of Projects Number of Units Year Number Percent Number Percerrt 1989 33 20.1 % 190 19.6% 1990 67 40.9% 370 38.3% 1991 12 7.3% 75 7.8% 1992 8 4.9% 63 6.5% 1 QQv7 . ~ .'2,7% G9 F_7 W 1994 0 0.0% 0 0.0°k 1995 3 1.8% 1~ 1.0°k 1996 2 1.2% 10 1.0% 1997 1 0.6% 5 0.5% 1998° 23 14.0% 133 13.8~ 1999b 9 5.5~0 52 5.4°h Total 16`4 7~U.(7`~ .. iVU.U% ° Inrinriac n iar+filnrl in Fahri~~r~. 1QQR ............~. ..~P N~~~~~. ...~~ ... . ~~. ~~. ~ . ~~~. ' Through April 30, 1 999, including one project which is nat ana lyzed in subsequent sections. Source: Planning & Community Development Dept.; HR&A B. Project Location The locations of the 30 projects proposed between May 1, 1998 and Apri130, 1999, are illustrated in Figure 1, on the following page. Nearly two-thirds (19, or 63%) are located north of Wilshire Boulevard, with about one-quarter (eight, or 27%) located in the central part of the City, including downtown, and the remainder (three, or 10%) are in Ocean Park. As Table 2 inAiratac thP rnnrantratinn nfrarunt nrniarte in fha nnrtharn r~art nftha (~it<r ic a Aar~arti~ra frnm ,.w...w. .... ................~...~., ... ....+....~ ~.,..~...,w ... ..,... ,.........,,.. r,... ~ .,. ...... ",.-J ., .. .,t........... ...,,.. the trend during the earlier years of the past decade, when the distribution was more geographicaiiy even, norch io souin. - ne cenirai pari oi ine i;iiy ~i.e., downiown and ine iviid- City area) received a somewhat smaller share of the new condominium activity than was the case previously, and the proportion of more recent projects in the Ocean Park area is significantly lower than in the rest of the 199os. HnMiLTOn~, Rnsit~ovrrz & Ai.scrtu~~,R, Irrc. Page 6 MAP KEY 0.6 0 U.6 1.2 Miles ~ 9. 2922 Montana 2. 2728 Montana 3. 1107 Prlnceton 4. Sd6 21st 5. 2021 Montana 6. 2002 idaho 7. 2030 California 8. 838 19th 9. 834 16th 10. 933 15th 11. 954 14tlt 12. 838 10th 13. 1~2210~ 14. 1111 10th 15. 938 Llncoln 16. 911 7th 17. 401 Montana 18. 844 3rd 19. 1046 3rd 20. 1573 Berkeley 21. 1254 24th 22. 1238 22nd 23. 1534~38 97th 24. 1252 Euclid 25. 1544-48 12th 26. 1719 Ocean Front 27. 639 Paciflc 28. 1751 Applan 29. 702 HIII S0. 2618 Bth ~f Roads Zip Codes 90401 <:~ 90402 ~ 90403 90404 ~ 80405 ' Namiitan, Rabinovitz & Alschuler, Inc. Condominlur~ ProJectApplicatlons Deemed ' 1990 So. Bundy Drive, Suite 777 Flgure 1 I Los Angeles, CA 90025 Complete, March 7, 1998 -April S0, 1989, 310-820-3444 City oP Santa Monlca Characteristics of Recent !'..,,.,J,..,,.;v.;,,,., D,.,.;,,..~.. iauviiunsum i ~ ~c Table 2 Locations of Candominium Project Applications in the City of Santa Monica, 9989-1999 Number of Projects Number of Units Area of the City Number Percent Number Percent 1989-1997 North of Wilshire 48 36.4% 288 36.8% Dowrrtown/Mid-City 50 37.9% 285 36.4% c..~..ti ..s o:.... ~ V, ,yV ~n 7F ilc~L. 7no 7F 7M Total 132 100.0% 782 100.0% 1998-1999° North of Wilshire 20 62.5% 115 62.2~ Downtown/Mid-City 9 28.1 % 62 33.5% South ofi Pico 3 9.4~Yo 8 4.3% Total 32 ilJ~.O%a lu5 iUU.~`Yo ~ rti...~~..ti e.,.~i ~n ~ o0o ~ ~~~...,y~ ~.r... .. . ....,.,. i.,..i~.,~e~ +,..,.. „~,~~+~.,.,~i ., cP.-r~ .,a, f.. ...... ........ ..... ..........,.... r.'~~_.., r... ... .,+.,,,+a~ r~ ,.........~ ... Table 1. Source: Planning & Community Development Dept.; HR&A C. Zoning Districts As in the recent past, the low-density, multi-family districts (i.e., R2, R2-NW and OP-2) predominate among the recent projects, accounting for the locations of over three-quarters of all projects (23, or 77%). These districts permit two-story build~t~gs, between 28 and 30 feet in height. The medium density districts (R3,R3-NW and R3-R) account for the remaining one- quarter of the new projects (7, or 23%). Five of these projects are three-stories, up to 40 feet in heighi, whiie ihe oiher iwo are iwo-siory projects. Table 3 compares the distribution of projects by zoning district with 32 randomly selected and renresentative condominium nroiects filed between 1989 and 1995. that were analvzed in the Housing Element Update. It shows little change in the relative distribution of projects as between ~..... .~.......~.. .....~ «....~...~... .~..«...4.. .~...4T...4.. n «....... ~~... ~~... .~.......4.. .a...4~.i.4.. ~.i..........r 4~..~ r ..«4 ivw-ucu~i~y auu uicuiuiu-ucuauy ui~~u~.w. ~uu~ug uic ivw-ucuouy umui~.w~ iivwcvci~ wc ~ct,ciu projects show a higher representation of RZ-NW District sites, consistent with the c~ncentration of these pro~ects north of Wilsture B~ulevard, where that zorung dtstrict is located. HAMILTON, RA[3IN0~'ITZ BC ALSCIiULER, INC. P3g0 8 Characteristics ofRecent ('nndnmi»ium Prnioctc Table 3 Zoning Districts for Condominium Project Applications in the City of 5anta Monica, 1989-1999 32 Representative 1998-1999 Prajects' Area of the City 1989-1995 Projects Number Percent Numher Percent Zoning District R2 OR2 R2-NW Subtotal Law Density R3 R3-NW R3-R .~~,UDIOteI ivietiium i~ensi'ry RQ ~L-I~yl~ fle..3'!„ 27 65.6% 13 43.3% 2 ~,3% 3 14.n% 1 3.1 % 7 23.3% 24 75.0% 23 76.6% 6 18.8°~ 3 10.0% 1 3.1 °~ 3 7 0.0% O % 0.0% L I ..~770 1 'F 3.3% L3.37o i g,~ne, n n,noi Totai 32 100.0% 30 100.0% ' Through April 30, 1999. Source: Housing Element Update; HR&A D. Project Size 1. Lot Sizes A1130 of the recent condominium applications are for projects with 12 or fewer units, consistent with past trends favoring relatively small projects on one or two lots. The eight largest new prolects (i.e., 9-12 units) are on sites exceeding 10,000 square feet in size, mostly two lots. One project with five units is on an over-sized 10,000 square foot site, and the other 21 projects „Rio_i„+ aa.,o1,,,,,,,a„r~ ,.f+l,roo r., ~ ,,;+~ o"-t, Tol.lo ~.. ~+t,e ~;.o ., ua~ ~~~~s~~ ~v~. ~IVV~~v1J~al~1i1.J vi ~.t~l~V 4v Jln UiL4J VC4Vll. 1CLV~V ~ VVmYG~VJ L~i~ J1Ll~ CLL~CL characteristics of the recent projects with 32 representative condominium projects filed between iy~y anp iyy~. It snows tnat the more recent projects tenci to feature iarger iots (i.e., at ieast one standard City lot of 7,500 s.f.) than during past years. This is consistent with the change in the geographic distribution of the more recent projects, with many fewer in the southern parts of the Citv. where substandard size lots are more nrevalent. HAMILTON, Rr1BI]~~UVITZ & ALSCi[ULER, INC. PagC 9 Characteristics of Recent Condominium Prniect~ Tahle 4 Project Site Area for Condominium Project Applications in the City of Santa Monica, 1989-7999 32 Representative 7998-1999 Projects' Site Area 7 989-1995 Projects Isquare festl Num6er Percent Number Perceni 5,000-6,000 9 28.1 °~ 1 3.3% 6,001-7,000 2 6.3% 4 13.3% ~ nm-R n~n i~ s~.5~~, i~ ~a.s~, 8,000+ 6 18.8°h 9 30.0% Unknown 3 9.4°~ 0 0.0% Total 32 700.0% 30 100.0% ' i nrougn Aprii 3u, i yyy. Snurre~ Hrn~sine Element Uodate~ HR&A Totai rrojeci rioor Area Total project size, as measured in floor area, varies with the number of units and unit sizes in the project. Among the 23 one-lot projects, which include between two and six units each, the average project size is 7,780 square feet. Five, two-lot, two-story projects average 15,249 square feet, and two, two-lot, three-story projects average 25,133 square feet. Table 5 summarizes these project size patterns. Among the 15 one-lot, all two-bedroom unit projects, which account for half of the 30 new projects, the average total project floor area is 7,832 squar ~ feet. All but one of these projects includes loft area, ranging from 385 square feet to 1,424 square feet, or between 5. I percent and 14.4 percent of total floor area. Lofts account for 10 percent or more of total floor area in aboui haii oi tne aii-two-oedroom projecis. i ne average toiai i~oor in inese newer projects exceeds, by 237 square feet, or 3.1 percent, the average assumed for such projects in HR&A's "constraints" analysis' and in the analysis underlying the recommended amount of the Affordable Housin~ Fee. The imnlications of this difference for the "constraints" analvsis and the fee are addressed in HR&A's companion memorandum. ' Tlus analysis for the Housiug ElcmenYUpdate established the level of fcc that could be charged a new apartment or condominiuxn project to offset its impact on affordable housing w~thout causing the return on investment to drop below levels that are unacceptable in the development indusiry. See, Re~rised Inclusionary Housing Memo. HAMTLTON, RARINO\~IT7, & AISCHI.JLER, INC. PagO 10 Characteristics ofRecent Condominium Proiects Table 5 Total ProJect Floor Area in 30 Condominium Project Applications in the City of Santa Monica, 1998-1999 Projects by Scale Average Project Percent of Floor Area (s.f.) All Projects 1-Lot Projects, 2-BRs Only 7,787 50.0% 1-Lot Projects, 3-BRs Only 8,214 73.396 1-Lot Projects, Mixed BRs 7,480 13.3°/a i_~ „+ o.,,~a,-r~ nu ~ ~nn ~F ~~ 2-Lot, Low-Densitv 15,249 16.7% 2-Lot, Medium-Density 25,133 6.7 % All Projects 100.0% 1-LV[ rfU~Cl:I~~ L'DnJ VIIIy HVO(aLJO rIVJC14l IYICU.j~i ffVJG4l (15 projects) Floor Area (s.f.) Floor Area (s.f.) Avg. Area {non-Loft) 7,087 7,098 Avq. Loft Area 807 692 Average Total Area' 7,787 7,946 ~ Averages are calculated separately for each component and for the total. The~efore, average non-loft area and average loft area do not equal average total floor area. Source: HR&A Unit Sizes Ofthe 176 proposed new units in the 30 new condominium projects, a large majority (124 units, or 71%) are two-bedroom units, and about one-quarter are three-bedroom units (45, or 26°/o). The remainder include efficiencies and one-bedroom units (one each), and five, four- bedroom units. About four in 10 !43%1 of the oroiects consist of two-bedroom units onlv_ another one in five consist of three-bedroom units only, and the remaining one-third include a ._.L:__.:~_ _r.._:... Gv~uvuiau~u ~i uiu~ aiZcS. The average urut size for the two-bedroom umts is 1,622 square feet; 2,144 square feet for the three-bedroom units; and 2,994 square feet for the four-bedroom units. These unit size relationships are shown in Table 6. H.AMILTON, RABINOVITZ cR, ALSCFIi_JLER, INC. PagC 11 Characteristics ofRecent Condominium Projects Table 6 Unit Type and Size Distribution for 30 Condominium Project Applications in the City ot Santa Monica, 1998-1999 Unit Tvaes. All Proiects Number Percent 0-BR 1 0.6% 1-BR 1 0.6% 2-BR 124 70.5% 3-BR 45 25.6% 4-BR 5 2.8% Total 176 1 ~0.~% Proiects, bv Unit Mix Number Percent 2-BR Oniy 13 43.3% 3-BR Only 6 20.0°.G Mix of Units 11 36.': ' Total 30 100.0% Avera4e Unit Size Averaae Floor Area 0-6R 1 ,195 1-BR 928 2-BR 1,622 3-BR 2,144 4-BR 2,994 Source: HR&A The two-bedroom units in the recent projects, which are more charactEristic of trends in the northern part of the City, include more floor area than was assumed in HR&A's financial modeling work for the Affordable Housing Fee analysis (about 1,400 square feet), conducted in early 1998, which studied averages across the City. The upward trend in new condominium floor area on the north side of the City is also evident from data on sales of two-bedroom units in recently built condominium projects. The median size of a two-bedroom unit in condominiums soid north of Wilshire Boulevard since 1997 is 1,546 square feet.g D. Prior Use of the Project Site According to data in the project application files, which was cross-checked with the City's Rent Control Administration records, all but one of the new condominium project sites was ° Source: HR&A, based on analysis of 1997-1999 monllily closed sales data reported by First American Real Esta[e Solutions. These data are an atlachment to HR&A's companion memorandum. Hf\b411.TON, RARINOVITZ Xt AI.SCHC.'LER, iNC. PfigO 12 Characteristics ofRecent Condominium Proiect: previously developed with a dwelling unit. Nine projects contained single-family homes and 20 projects (67%) contained apartment units. The newer projects represent a higher incidence of redeveloping sites that previously had rental units on them, than was the case in the recent past. Table 7 shows that for 32 representative condominium projects for which applications were filed during the 1989-1995 period, about one-quarter of the condominium sites had rentals, nearly one in 10 was previously vacant, and almost half previously contained single-family homes. Table 7 Previous Uses on Condominium Project Sites in the City of Santa Monica, 1989-1999 Previous Use 32 Represerrtative 1998-7999 Projects' ot Projsct Site 1989-7 995 Projects Num6er Percent Number Percent Vacant 3 9.4% 1 3.3°~ Single-Family Home 15 46.9% 9 30.0% Apartments 8 25.0% 2~ 66.7% Other Uses 4 12.5% 0 0.0°~ Unknown 2 6.3% 0 0.0% Total 32 100.0°,6 30 100.0°~ ' Through April 30, 1999. Source: Planning & Community Development Dept.; Rent Control Administration; Housing Element Update; HR&A Altogether, the 176 new condominium units in these 30 projects will replace 107 previously e~cisting dwelling units, for a net housing stock gain of 69 units, or an average of 2.3 additional dwelling units per project. Not all projects represent net increases, however. As shown in Table 8, there will be a net increase of 87 dwelling units in 22 projects, no change in the number of units in five projects, and a net loss of 18 dwelling units in three projects. HAMILTON, Rr~BINO~~ITZ & ALSCHiJLER, IKC. Page 13 Characteristics of Recent Condominium Projects Table 8 Net Change in Dwelling Units for 30 Condominium Projects in the City ot Santa Monica, 7998-7999 Change # Rojeds Units Units Net Average Units Before After Change Change Per Project Net Gain 22 49 132 83 3.8 No Change 5 25 25 0 0.0 Net Loss 3 35 19 ~ 15.3) Total 3~ 109 176 67 2.2 ' Through April 30, 1999. Source: Planning & Community Development Dept.; Rent Control Administration; Housing Element Update; HR&A Most of the rental units that will be replaced by the 30 new condominium projects wPrP under the jurisdiction of the City's Rent Control Law at one time or another, but the degree to which the rent level in these units was controlled varies with the circumstance of the unit. For example, parcels with three or fewer units are eligible for rent level exemptions if certain on-site resident ownership criteria are met. Under more recent changes in State law, ~acant units are no longer subject to controls upon re-rental, provided the unit was voluntarily vacated by the prior tenant.9 (The new rent must be maintained for the duration of the new tenancy, subject to the rent Control Board's annual rent adjustment determination.) Further, units may be removed from jurisdiction of the Rent Control Law through use of procedures allowed under the Ellis Act.10 Nearly half of the 30 new projects (14, or 47%) , involve use of the Ellis Act to remove 61 previously controlled rental units. One additional ur~it was pending withdrawal at the time the files were reviewed. Another 29 units in four projects still had regulated rents that were not involved in Ellis Act withdrawals. Thus, 91 controlled rental units (not including owner-occupied exemptions) will be replaced as a consequence of 19 new condominium projects, or an average replacement of 4.8 controlled rental units per project. ' Costa Hawkins Rental Housing Act, Civil Code § 1954.50. Analysis of the implicaUons of this State law for the City's housing stock is included in the Technical Appendix to the Housing Elemeut Update, a more recent study by the City's Rent Control Adminislra[ion, and Scction 8 rent level projections prepared by HR&A for llie City's Housing Authority. lo This State slatule (GovL Code §7060 et seq.), wlucl~ was adopted initially in 1986, provides procedures for landlords [o exit the rental business, subject to certain statutory requiremcnts and local rcgulations. Thc evolulion of the Ciry's Ellis Act procedures is documented in the Housing Element Update. See, HRc~A, Inc., "Assessment of ihe Rent Control Board's Ellis Act Removal Pernut Process as a Potential or Actual Governmental ConsCraint on the Development of Housing," Housing Element Update, Technical Appendix, Section 4. HAMILTOV, RABItQOVITZ 8L ALSCHULER, INC. . P3gC 14 Characteristics ofRecent ('nndnminivm Prnioct~ In evaluating this outcome, it should be recalled that the City's Ellis Act withdrawal procedures have been simplified in recent years, in part as a result of court decisions. Thus, it is procedurally easier today to remove an apartment building from the City's rent control regulations, and replace it with a new use, such as condominiums, than it was earlier in the 1990s. E, Affordable Housing Stock Implications Maximum Allowable Rent data provided by the City's Rent Control Administration indicate that about two-thirds of the 91 units (62, or 68%) previously subject to price controls had rents that would be affordable to verv low- and/or low-income households todav, accordin~ to City definitions based on both rent level and unit size. Stated another way, each of the 19 new ,..,a .....:..:..... .. o,.t.. «~..,+ .,,:n ,. .,:... .~..,+ w.,,.e ,. ,~i<. a.,a ,,.,+..,,ue,~ ,-e.,,~ l+Vll{JV11L111U111 NivJa.~w 11~Q~ WlllllilllVYG UlLL1.J L1lQL 11QYli~ Vl ^y.~J.^vu~,y ~~au~ Y1LVl~ l~V1l~lV11VLL llilLLJ will remove, on average, 3.3 units that would be affordable to lower-income households today. 1`he actual incor.le characteristics oY the previous tenant households ,° ~~~ing in these units :._ unknown. Previous analysis conducted for the Housing Element Update found that althougr most tenant households in rent-controlled units had incomes defined as "low" or "moderate," ahout 25 nercent were unner-incnme h~ucehnlds North of Wilshire Bnulevard_ where mo..*_ of ----- - ~ .-r , -- -- the new condominiums are located, the proportion of upper-income households residing in controlled rental units was higher than the Citywide average (31%)." At the time the project application files were reviewed, 21 of the applicants had declared the method by which the Affordable Housing Production program requirements would be satisfied, and all 21 elected to pay the fee of $7.13 per square foot. Assuming that a1130 projects eventually elect the fee option, the fee total will be $2,123,672. Eighteen ofthe projects will pay the full fee, at an average of $106,323 per project. ~he other three projects arP proposed on vacant sites, and are therefore eligible for a 25 percent fee discount. The average fee for these projects is $69,951. The fee proceeds will help support development of about l4 units affordabla to low-income households, or about 16 units affordable to very low-income households, at the averaee Citv subsidv rates ner unit (~154_ 916 and $134_822_ resnectivelvl that were assumed in -o - ., -- - -.. - r - .- - - - ~ --, r -- .,, - -- - - the City's Nexus Study for the fee option. F. City Processing of I.and Use Entitlements At the time the application files were reviewed, all but two of the applications had been rleamPrl cmm~latP hv f''itv ataff flver half(5~~/1 nfthe nrniectc har~ heen annrnvPrl hv the ___'-'_... _.."-r.___ .,~ ~__~ .,.»__. ~ . _. ......_ ~~.. , .,~ _.' "'_ r'.,~__.., ....... ...,.,.. _rr'....,~ ..~ ...., Planning Commission. Architectural Review Board approval had been granted to over one-third (37%) of the projects. Four projects (13%) had been approved by the City Council, including " HR&A, Inc., "Results of the 1995 Santa Monica Aparfinent Tenants Survey," Housing Element lipdate, Teclmical Appendix, Section 1, pp. 27-30. }IAMIL"PON, RAB[NOVI"IZ & AiSCfIL'LER, INC. PflgO 1$ CLearacteristics ofRecent !'..a,lln~.oi..~i,.a.. Pvniont~ .......F..,......».,. . . ..~.,.,.. two that were appeated from Planning Commission approvals (11%). None ofthe projects was denied by either the Planning Commission or City Council. Only one project had been granted a Building Permit and was then under construction. None had completed construction and received a Certificate of Occupancy. These distribution of project approvals is shown in Table 9. Table 9 Status of City Approvals for 30 Condominium Projects in the City of Santa Manica, 1998-1999 Category of Rental Unit 1998-1999 Projects' Number Percerrt v.ppiicacions ueemed ~ompieie 2a 93.s% Pianning Commission Approval n...ti:+e,_......i oe..:e.., c,.~.a n...,....,~i 16 „ 53.34~0 ~~ ~ot niu~~ c~.au~o~ ~i v~c. ~vo~~ ~Nr~vvo~ City Council Approval ~~ 4 .~v.i n. 13.3% Buildina Permits 1 3.3% Under Construction 1 3.3% Certificate of Cccupancy 0 0.0°~ ' Through April 30, 1999. Source: HR&A Compliance with the California Environmental Quality Act (CEQA) had been determined for 29 of the 30 projects. Of these, categorical exemptions were issued for 23 projects (77%), and Negative Declarations were prepared on the other six (20%), all of which had nine or more units. None of the projects required preparation of an Envirorvnental Impact Report. Data on prncessing times was not available from all project files, but some trends are discernabie. The time between appiication niing and Lity stati's `~aeemed compiete" determination was availabie for about half the projects (53%), and this phase took a median of 79 days. Among five projects with time data, the period from "deemed complete" to a decision by the Plannin~ Cnmmissinn wac a median nf 34 davs_ and all but one case was comoleted in Less o .. -, - - -- - - . _ _ than 35 days. The period from Planning Commission to City Council was a median of 146 days, r-- - -`i--- ~--- _ :.~ ~ _ ~_~_ mt...... . _a.. :_a:_..,._ w ,. t_..:_.` ~,.i_.... .,. ,l__._. LUl SflUL11C1 11VG ~1LU~Gl;LJ WlLll L1II1G LLQL"Q. 11IGSG W G11U5 111WGd.lG L1UiG 111LIG iJ UGIll~ IA.KGlI W UGGIIl an application complete, but once it is, the remaining steps in the process are completed faster than in the past, as shown in Table 10. HAMILTON, RABINOVCPL & ALSCHULER, INC. PagO 16 Characteristics ofRecent Cnnd~minium Pmiect~ Table 10 Application P~ocessing Times for Candominium Projects in the City of Santa Monica, 1989-1999 32 Representative 1998-1999 Projects' Approval Step 1989-7995 Projects Median # Projects Median # Projects Days Days Filed to Deemed Complete 15 26 79 16 Deemed Comolete to Plannina Commission Approval 49 24 34 5 Planning Commission to City Council Approval 223 3 146 5 , n ~ nivii`yi~ i-~yiii 'av. i ~~~. SouroP: Housing Elemerrt Update; HR&A G. Financial Characteristics of New Projects Recent land purchase data are available from a third party source1z for almost three- quarters of the 30 new condominium projects. The median price paid per lot was $630,000, or $84 per square foot. Land value data are available for 10 projects proposed for low-density zoning districts that are intended to be developed with two-bedroom units only, which was the prototype used in HR&A's financial feasibility analyses for the Housing Element Update and the Ai~ordable Housing Fee analyses. The median land value for these 10 projects is $91 per syuare foot overall. Among seven of these projects locatec? north of Wilshire, the median is $95 per square foot, and for two projects in the Mid-City area, the median is $63 per square foot. By comparison, HR&A's feasibility analyses for the Affordable Housing Fee assumed land costs of t_.'-'..__ mnn m~c c _. uc~wccii .n~rv-,n i~(~ci Syuai c i~u~. The City's permit application form requests applicants to disclose the average selling price for units in the pro.ject. Among 16 projects (53%) that included this information, the median sale pnce was $475,0~0, but this includes a range of bedroom sizes. Among those projects proposed fnr tho (~itv'c lmx~_rlancitv mnlti_farr~ilv Tlictrirte ~x~ith t~x~n_harlrr~mm ~nite tha marlian actimafarl .... ..... ....) .. ..... ..........) .......~. .......,.) ..,~.... ...,, ...., ...~.......,.. ..... .... .....w.... ....~...,........ sales price among five projects proposed north of Wilshire Boulevard is $595,000, or ~333 per square iooi. Estimaced prices ior two-bedroom units in ine cenirai part or tne i;iiy ranged from $375,000 east of downtown (two projects), or $251 per square foot, to $640,00~ ($324 per s.f ) near the Ocean (one project). By comparison, HR&A estimated that two-bedroom units needed to sell at prices between $2l 5 and $284 per square foot, depending on the City submarket, in ~Z 5ource: First American Real Esiale Solulions (formerly RF,DI-TRV~. HAtvIlLTON, RABINOVITZ Rc ALSCHLII,F.ft, InC. Page 17 Characteristics ofRecent Condominium Project. order for the project to achieve acceptable levels of return on investment. The applicants' estimated selling prices suggest these thresholds have now been surpassed. Development cost data and other project financial characteristics were obtained in the course of in-person interviews with several developers who consented to discuss project finances. In general, these interviews indicate that construction costs have increased about 15 percent, financing costs remain about the same (9.5% construction loan), sales prices have increased, closing costs have decreased (from 8% to 6%), development fees have increased (from 5-7% to 10%) and construction contingencies have decreased (from 10% to 5%), compared with assumptions used in HR&A financial feasibility analyses for the Afforda6le Housing Production Program's fee calculation. The policy implications of these changes are discussed in the companion HR&A memorandum, which presents sensitivity analyses for the Af~'ordable Housing Fee calculation. HAh4ILTOr, R?.BINOVITZ & ALSCHUL~R, INC. Page 18 Characteristics of Recent Condominium Projects iII. DEVELOPER MOTIVATIONS In addition to auditing the new condominium application files, HR&A conducted brief telephone interviews with nearly a1l of the sponsors of the 30 new condominium projects. The purpose of the interview was to identify the developers' primary motivations for bringing their project forward at this time, and to deternune which developers might be willing to discuss project development costs in more detail. A. The Telephone Survey During June 1999, HR&A completed 10-minute telephone interviews with applicants who account for 24, or 80 percent, of the 30 projects. Representatives of the other six projects refused to participate, but did not offer a reason. In most cases t~-e respondent was a representative of the development entity, and in some cases the respondent was the project architect. In the 3atter cases, the architect was asked to respond to the questionnaire from his or her client's perspective. A copy of the questionnaire used in the interviews is includeu as Attachment B. It included introductory questions to verify certain facts about the project (e.g., address, number and types of units and approval status), questions about previous development experience in Santa Monica, questions about motivations for proposing the project, and an indication about willingness to discuss the project's finances in more detail. The question regarding motivation allowed the respondent to choose from three possible responses (stronger real estate market; lower cost of construction financing, recent change in City policies), or to provide another reason. The answer options were rotated from call to call to guard against any response bias. If a respondent stated that a recent change in City policies was the primary reason, the respondent was asked to identify which change, including the ability to pay the Affordable Housing Fee and the amount of the, or a self-identified change, was the most important reason. Once again, these response options were rotated among the interviews B. Survey Results Develoner Experience Anecdotal evidence emerged during HR&A's analyses of issues for the Housing Element Update which indicated that a non-trivial proportion of the condominium projects developed in Santa Monica were sponsored by applicants with no prior experience developing in the City, and in some cases, no prior development experience at all. One of the initial interview questions was intended to explore this situation for the 30 new condominium projects proposed since March 1, 1998. Hr1MILTON, RABINOVITZ & ALSCHiJI.ER, IKC. P3ge 19 Characterisdics of Recent Condominium Projects Most oFthe 30 new condominium projects are being proposed by separate applicants, but two applicants account for seven of the projects. The survey results make it clear that most of the applicants have prior experience developing condominiums, either in Santa Monica or elsewhere. Representatives of nineteen projects (63% of projects overall) stated that this was not their first condominium project, though it was the first project in five cases. Of the 19 projects whose developers indicated that they had built other condo projects, most (15) are being pr~posed by developers with prior projects in Santa Monica. Priman~ 7UTntivatinn fnr Filina ttia Annlicatinn _ "'..... , ___..."..."„-- -„- ' `---a -'--'-rr°---'_" ~. ~ . u _ r.~- - -- -- - -'---.._ i.-------`'--- •,., _r~i-- ^^ ---~--`-~ --~-- --------~ .~_ L~eany ui or tine responaenis ~represennng ~~ ui ~ne ~v piu~c~~~~ wuc~ aiwwcicu ~uc question about their primary motivation for proposing their project now, indicated that the most important factor was the stronger real estate market (i.e., the ability to sell their units for a higher nrice). Two resnondents stated that their primarv motivation was to ~ rovide housing for themselves and immediate family members. No one indicated that recent changes in City rules ~+l~e o F..+.. 0... ~ rl~~+ ~l~ ~l~..lP.a ~ r~~l m~~+ ~ r~rtanf f rtnr w~,u ~.a., j„^.a,~., ~uv~v.. r,...v..^~ 3..~ . ~~t,C~,~..~ ~,~..~ ..,~., ,............, ... ~... ....... ........ .:.^.y........~ ...... lower financing costs was cited four times, followed by City rules changes (one mention) and other reasons (deve'lopment ior personai use; one mentionj. T-ne respondent mentioning the ruies change cited the new Affordable Housing Fee amount applicable to a project that was first proposed in 1993, and subject to a fee that was considered by the applicant to be prohibitive. The ability to pay a fee at all was mentioned by one respondent, but as less than a first or second reason. Willingness to Discuss Project Financing Respondents representing half of the 30 new condominium projects stated that they were willing to meet with HR&A to discuss their projects in more detail. Meetings with some of these n..li~ .,t~ r tl.Air ~rrl~;rP.-+c 11IlCPllllPtltlV rnn(l~~rtaA inrh~Aina fixvn annlirantc rvcnnncihla ~rr...,..., . ~.~.,.. ~.,......,,, .,,.., .,.,,,~..y,,.,..~.J .,.,.....,.,~., , ...,..,.....b ~..., ..rr ........... .....Y.,...,...... for several projects each. The information gleaned from those interviews is discussed in the companion iiict¢fi memorandum ihat presenis sensitivi'ry anaiyses on ine t~iordabie riousing ree calculation. HAMIL"CON, 12~1B[NOVITZ & ALSCHiJLER, INC. PagC 20 Characteristics of Recent Condominium Proiect: APPENDIX A Condominium Project Application File Audit Protocol HAMILTON, RABINO~'IT7 & ALSCHLlLER, INC. CTTY OF SANTA MOMCA NEW CONSTRUCTION CONDOMINI[~I PRO.TECTS, MAY 1, 1998-APRIL 30, 1999 FILE AUDTT PROTOCOL 1. PROJECT LOCATION a. Street Address b. Zip Code 2. APPLICANT INFORMATION (fill in all that apply) a. Applicant c. Architect Address Arch. Address Telephone_ _ Arch. Telep:_u;~e b. Property Owner d. Attorney Owner Address Atty. Address ~ Owner Telephone Atty. Telephone e. City Project File Numberso CUP- ; TM- ; AA- ; ND- ; EIR- ARB- ; CDP- ; BP-_ ; CO- Project Planner: 3. SITE INFORMAITON (fill in all} a. # of Parcels or Lots b. Site Area: s.f. (not inctuding alley} c. t~lley Area included s.f. d. Total Site Area s.f. (site + alley) e. Zoning District f. General Plan Land Use Category 4. PRE-PROJECT USE OF 'I`HE SITE (check one; fill in where needed) a. Vacant Site b. Single-Fami{y Home c. Rental Units d. Other Use (specify) . # units: #0-BR: ,, #1-BR: _, #2-BR; _, #3-BR: _ ~a.sn,TOrv, Iiaenvovrrz & Aascxan.~x, l~vc. 1 5. OTHER DISCRETIONARY APPROVALS REQUIILED (other than Tract Map and Architectural Review Board) (check all that apply; fill in where ~}eeded) a. Yards/setbacks Variance or Adjustment (describe: ) b. Bidg. Height Adjustment (Describe: ) c. Parking Variance (Requested # spaces to be reduced_) d. Zone Change (from what to what? ) e. General Plan Amendment (from what to what? ) f. ~ther (specify) 6. PROPOSED CONDO UNTT MIX AND UNIT S~ZES Number of Bedrooms Number of Unikv Average Unit Size (s~ a i z 3 4 Total NA 6a. Lofts. Were Loft Areas Included? YES or NO If YES, how much floor area in lofts: _ s.f. 6b. Building Height: # stories: ; Overatl Building Height: feet 7. PROJECT CHARACTERISTICS THROUGH THE APPROVAL PROCESS (fill in) Base # Units Allowed Density Banus ^nits for Ou- Site Affordable Market Rate Units Affordable Units Provided On Site Total Units # Parking Spaces As Originally Proposed As Approved by Planning Commission As Approved by City Council Per Building Permit Per Certificate of Occupancy ~~R~ffi.TO1Yy ltaraDINOVtI'B. ~L k~.l..n.FfULF,Ry LrCa 8. APPLICASLE AFFORDABLE HOUSING REGULATI~N (check one; till in as needed) a. Ordinance 1615 b. Ordinance 1918 c. Compliance options selected by applicant (check one and fill in): In Lieu Fee (Preliminary Fee Calculation: gross s.f._ x (fee per gross sfl =$ (Final Fee Calculation: gross s.f. x (fee per gross sfl =$ (Date Paid: ) tlffordable Units On-Site (# affordable units on site ; rental or for-sale? _~ Affordable Units Off-Site (# affordabte units off-site ; locatian rental or for-sale? _) Other (specify: 9_ CEOA CO~IPLIANCE (check one aDOroach: fill in as needed) a. Exempt Project: (YES or NO) b. Negative Declaration Prepared (YES oe NO) If YES, how much time was needed to complete the Negative Declaration? months If YES, what was the applicant charged for any outside consultant costs to prepare the EIR? $ (If YES, attach proposed mitigation measures to the pratocal.) c. Environmental Impact Report (EIlt) Prepared (YES or NO) If YES, how much time was needed to complete the EIR? months if YES_ what was the aonlicant charQed for outside consultant costs to Urepare the EIR? $ (If YES, atiach proposed mitigation measures to the protocol.) 10, STAFF RECOMMENDA'I'IONS a. To Planning Commission: _ Approve w/conditions l~env (reagons~ 1 _ _'_l \_ _`_____. b. To City Council re: Appeal of Planning Commission Action _ Approve w/conditions _ Deny (reasons: ) c. `~o City Council re: Final Tract Map: _ Approve _ Deny (reasons: } HA,IIILTON, RABINOVI'd'Z & AISCFiULER, ~1C. 11. CURRENT APPLICATION STATUS AND OUTCOMES (circle ail that apply) , Application Deemed Complete by Staff Pending Approved Disapproved Landmarks Commission - Yes or No Pending Approved Disapproved Planning Commission - Consent Calendar or Aearing? Pending Appmved Disapproved City Council Consent Calendar or Hearing? Pending Approved Disapproved Architectural Review Baard Approval Pending Appmved Disapproved Building Permit Pending Approved Disapproved Under Construction Pending Approved Disappcoved accupied Pending ~ Approved Disapproved What special issues, if any, were raised in the Planing Staff report to the Planning Commission? (Briefly describe} What special issues, if any, were raised by the Planning Commission? (Briefly describe) What special issues, if any, were raised by the City Council on appeal or at Final Tract Map approval? (Briefly describe) i1F91Y1e9"~ONy ilF1D l~oV~`i ~ L1A.Jl.aaV°.r.R9 EIVCe 12. PROJECT APPLICATION PROCESSING TINIE LINE (Enter all dates; if no continued hearing by the Planning Commi~sion, or no City Council appeat, enter "none." Enter elapsed time in months.) Action Date Elapsed Time Notes Application Submitted to the Planning Department 0 Application Deemed Complete by Planning Department Planning Commission Final Action Landmarks Commission Final Action City Council Final Action ~ Arch'1 Review Hoard Final Action Building Permit Issued Certificate of Occupancy Issued 13. COASTAL DEVELOPMENT PERMIT STATUS (fill in all) a. Is this Project located in the City's Coastal Zone? (YES or NO) b. If YES: (1) Date of Architectural Review Boazd "conceptual approval" (2) Type of Coastal Commissaon Action: Exempt _ Administrative Approval _ Ful1 Coastal Development Permit (3) Application status (circle all that apply and fill in as needed): Application Filed {date: ) Application Pending Corrunission Action Commission Action: _ approval or _ disapproval (date: ) I3.~~.~'ora, Raawovmz & AascHU[.ex, Irrc. Characterisdcs ofRecent Condominium Proiect: APPENDIX B Condominium Project Applicant Telephone Interview Questionnaire HAM[1,TON, RAf3INOV"IT"L & ALSCHLILCR, INC.