R10923City Council Meeting; November 10, 2015
RESOLUTION NUMBER
Santa Monica, California
J C' g 7- 3 (CCS)
(CITY COUNCIL SERIES)
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF SANTA MONICA REVISING WATER RATES TO REDUCE WATER
RATES FOR QUALIFIED LOW INCOME MULTI -FAMILY RESIDENTIAL UNITS
WHEREAS, the City Council may establish, amend or revise from time to time,
by resolution, the rates and service charges to be charged for supplying water service to
any customer pursuant to Santa Monica Municipal Code (SMMC) section 7.12.010; and
WHEREAS, the City desires to eliminate the exemption from separate water
metering for new construction of affordable housing projects to encourage water
conservation; and
WHEREAS, to off -set the adverse cost impacts of eliminating the exemption from
separate metering for new construction of affordable housing projects, the City desires
to reduce water rates for affordable housing projects that meet the definition of 100%
Affordable Housing Projects, as defined in SMMC 9.52.020.0050, as amended from
time to time; and
WHEREAS, the City intends to fund the water rate reduction from its general
fund revenues.
1
NOW, THEREFORE, THE CITY OF SANTA MONICA DOES RESOLVE AS
FOLLOWS:
SECTION 1. As of January 1, 2016, or as soon thereafter practical, the multi-
family water commodity charge, as adopted and/or amended by City Council from time
to time, for existing and future multi -family residential projects that meet the definition of
100% Affordable Housing Projects, as defined in SMMC 9.52.020.0050, as amended
from time to time, shall be reduced as follows:
Tier 1 Discounted by $1.00 off of Tier 1 rates in effect.
SECTION 2. The reduction in water rates shall be funded by a transfer of
general fund revenues to the Water Fund in the amount of the difference between the
water rates in effect for each of the above referenced tiers and the reduced rate
charged to each 100% Affordable Housing Project.
SECTION 3 The City Clerk shall certify to the adoption of this Resolution, and
thenceforth and thereafter the same shall be in full force and effect.
APPROVED AS TO FORM:
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MAR A J ES MO RIE
City Attor ey
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Attachment A — Recent Submetered Multi -Family Residential Projects:
® 2602 Broadway, 4 story, 33 units, 2012
® 626 Broadway, 4 story, 48 units, 2009
® 1610 Broadway, 3 story, '7 units, 2009
a 1906 Broadway, 4 story, 32 units, 2008
® 606 Broadway, 6 story, 100 units, 2008
a 819 Broadway, 4 story, 97 units, 2011
1502 Broadway, 4 story, 33 units, 2012
® 1753 18th Street, 18 units, 2014
® 1754 19th Street, 7 units, 2014
® 214 Santa Monica Blvd., 3 story, 38 units, 2013
® 3107 Santa Monica Blvd.,2 story, 9 units, 2009
0 519 Santa Monica Blvd., 5 story, 2012
A 212 Marine Street, 4 story, 2006
® 395 Santa Monica PI., all retail stores submetered, 2010
0 519 Santa Monica Blvd., 5 story mixed use, 2012
® 1317 17th Street, 5 story MFR mixed use, 2015
® 702 Arizona Ave., 4 story mixed use, 2009
a 507 Wilshire Blvd., 5 story, 50 units, 2009
Adopted and approved this loth day of November, 2015.
Kevin McKeo , Mayor
I, Sarah P. Gorman, City Clerk of the City of Santa Monica, do hereby certify that
the foregoing Resolution No. 10923 (CCS) was duly adopted at a meeting of the Santa
Monica City Council held on the 101h day of November, 2015, by the following vote:
AYES: Councilmembers: Davis, Mimmelrich, O'Connor, O'Day, Wnterer
Mayor McKeown, Mayor Pro Tem Vazquez
NOES: Councilmember: None
ABSENT: Councilmember: None
ATTEST:
-,
Sarah P. Gorman, City Clerk