R-10529ATTACHMENT A
City Council. Meeting 09-28-10 Santa Monica, California
RESOLUTION NUMBER 10529 (CCS)
(City Council Series)
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA MONICA
AUTOMATICALLY ADJUSTING THE AFFORDABLE HOUSING UNIT SASE
FEE FOR NEW MARKET-RATE MULTIFAMILY DEVELOPMENT PURSUANT
TO SANTA MONICA MUNICIPAL CODE SECTION 9.56.070(b) BASED ON
CHANGES IN CONSTRUCTION COSTS AND LAND COSTS
WHEREAS, on November 8, 2005, the City Council amended Santa
Monica Municipal Code Section 9.56.070 to provide #hat commencing on July 1,
2006, the Affordable Housing Unit Base Fee shall be automatically adjusted
annually by Cify Council resolution based on changes in construction costs and
land costs; and
WHEREAS, in order to implement the Council's decision, staff formulated
a specific method of measuring changes in construction costs and land costs;
and
WHEREAS, this proposed methodology was detailed in an April 24, 2006
letter prepared by Paul S. Silvern of HR&A Advisors, Inc. ("HR&A") on behalf of
the City and approved by the Council on June 13, 2006; and
WHEREAS, pursuant to this methodology, on June 27, 2006, the City
Council adopted Resolution No. 10149 (CCS) which established an affordable
housing unit base
fee for condominiums. of $28.15 per square foot and an affordable housing unit base tea
for apartments of $24.1 d per square foot; and
WHEREAS, pursuant to this methodoiogy, on July 24, 2447, the City Council
adopted Resolution No. 14229 {CCS) whioh incrementally adjusted These base fees by
X1.41 per square foot for new market refs condorr7iniums and $1.21 per square foot for
new market rate apartments; and
WHEREAS, pursuant fo this methodology, on Ju[y 23, 2008, the City Council
adopted Resolution [Vo. '14329 {CCS} which incrementally adjusted these base fees by
$1.33 per square foot for new market rate condominiums and $1.14 per square foot for
new market rate apartments; and
WHEREAS, pursuant to this methodology, on September 8, 2409, the City
Counai[ adopted Resolution No. 14422 {CCS} which inorementally adjusted these base
fees by $4.69 per square foot for new market rate apartments and $0.84 per square foot
for new market rate condominiums; and
WHEREAS, Resolution No. 1d'l49 {CCS}, Resolution o. 14229 {CCS),
Resoiution loo. 10329 {CCS}, and Resolution Flo. 10422 {CCS} thereby established an
affordable housing unit base fee for condominiums of $31.69 per square foot and an
affordable housing unit base fee for apartments of $27.14; and
WHEREAS. in accordance with Santa Monica Municipal Code Section 9.56.070
and the City Council's approved methodology; HR$~A has calculated the required
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incremental adjustment to these base fees based on the changes to construction costs
and land costs that have occurred since the adjustment undertaken last year; and
WHEREAS, on September 16, 201 d, the City published a notice that at the
WHEREAS; the City republished this notice on September 22, 2414; and
WHEREAS, a copy of HR&A's analysis has been available in the City Clerk's
Office for public review since September 16, 2410; and
WHEREAS; based on this analysis, a decrease in the amount of $4.35 per
square foot of the ourrent Affordable Housing Unit Base Fee of $27.14 for apartments
and a decrease in the amount of $0.41 per square foot of the .current Affordable
Housing Unit Base Fee of $31.69 condominiums would be appropriate,
NOW, THEREFORE: THE CITY COUNCIL OF THE CITY OF SANTA MONICA
DOES RESOLVE AS FOLLOWS:
SECTION 1. The current Affordable Housing Unit Base Fee for new market rate
condominiums of $31.69 per square foot established by Resolution No. 14149 {CCS),
Resolution No. 10229 {CCS), Resolution No. 14329 {CCS), and Resolution No. 14422
{CCS) shall be decreased by $4.41 per square foot of floor area.
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SECTlC)N 2. The current ~ffardabie Housing Unit Base i=ee far new market rate
apartment of $27.14 per square foot estabiished by Resolution too. 10149 {GGS},
Resalutian ida. 10229 {GCS}, Resolution RJa. 10329 {GGS}, and Resolution Ho. 10422
{CGS} shalE be decreased by $0.35 per square feat of f(oar area.
SECTfC3Ri 3. The City Clerk shaEl certify to the adoptian of this Resalutian, and
thenceforth and thereafter the same shad be in fuli force and efleot an November 29,
2010.
SEGTi~N 4. Resolution Na. 10149 {CC s}, Resolution No. 1 fl229 {CCS},
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APPROVED AS Tt} FURI1~:
Adopted and approved this 28~h day of
1, Maria M. Stewart, City Clerk of the City of Santa Monica, do hereby certify that
the foregoing Resolution No. 10529 (CCS) was duly adopted at a meeting of the Santa
Monica City Council held on the 28th day of September, 2010, by the following vote:
Ayes: Councilmembers: Bloom, Davis, Holbrook, O'Day, McKeown
Mayor Shriver, Mayor Pro Tem O'Connor
Noes: Councilmembers: None
Abstain: Councilmembers: None
Absent: Councilmembers: None
ATTEST:
~_-~
Maria M. Stewart, City Jerk