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sr-051380Santa Monica, California, Sday 13, 1980 TO: Mayor and City Council FROM: City Staff SUBJECT: Request for Final Tract Pdap Approval, Tentative Tract No. 35279, 35280, 35282 and 35290, V and S Develop- ment Company Introduction This report transmits a request by the subdivider for approval of four Final Tract Maps on the proposed conversion of four existing apartment buildings in the Coastal Zone between Wilshire and Montana Avenue. Background In June 1978 the Tentative Tract Maps were approved for the conversion of four large apartment houses owned by the V & S Development Company. The buildings range in size from 34 to 48 units and are located at 801 Second Street, 901 Third Street, 950 Fourth Street and 315 Montana Avenue. In May 1979 a one year extension of the Tentative Tract Maps was granted. The properties are located in the Coastal Permit Zone and on September 17, 1979 the Coastal Commission denied approval of the conversions. The applicant has not complied with the conditions imposed on the Tentative Map because completion of the work would reasonably require vacation of the apartments. The applicant now seeks to enter into an improvement contract with the City to guarantee that the improvements will be completed before sale of the units,-receive approval of th~;Final Maps and then wait untal changes in Coastal or City laws might accommodate conversions. Mayor and City Council - 2 - PRay 13, 1980 Recommendation. Inasmuch as the conditions have not been met, the Coastal Commission has denied the conversion and the City is in the process o£ adopting new condominium conversion regulations which would most certainly conflict with the conditions imposed two years ago, it is respectfully submitted that no significant purpose would be achieved by granting a Final Tract Map which in all probability may never be used. Abetter alternative would appear to extend the Tentative Map for an additional year on condition that during the period the applicant obtain approval o£ the Coastal Commission and Rent Control Board and failing that the maps be allowed to expire. Prepared by: James Lunsford JL:bt