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SR 02-28-2017 3C Ci ty Council R eport City Council Meeting : February 28, 2017 Agenda Item: 3.C 1 of 2 To: Mayor and City Council From: David Martin, Director , City Planning Subject: Resolution Approving Final Parcel Map No. 73541 for a 2 -Unit Condominium Project at 723 Pier Avenue Recommended Action Staff recommends that the City Council adopt the Resol ution approving Final Parcel Map No. 73541 for a 2 -Unit Condominium Project at 723 Pier Avenue . Executive Summary This report transmits for City Council approval a Final Parcel Map for the following condominium project. The Vesting Tentative Parcel Map w as approved by the Planning Commission on August 19, 2015. PARCEL MAP ADDRESS SUBDIVIDER UNITS No. 73541 723 Pier Avenue Omer Ivanir 2 Discussion A Vesting Tentative Map application was submitted to the City Planning Division on April 28 2015, to crea te two residential condominium air parcels on one land lot as part of an attached two -story multi -family development in the OP -2 (Ocean Park Low Density Residential District). After a public hearing and careful review of the record and staff recommendatio ns, the Planning Commission approved the Tentative Parcel Map for the above project on August 19, 2015. The action of the Planning Commission was based on its findings that the proposed subdivision will have no significant environmental impact and is in c onformance with all state and local laws and regulations, and applicable General Plan Elements. The Final Map conforms to the Tentative Map approved by the Planning Commission. The developer will be required to show proof of payment of the condominium fac ilities tax of $2,000 prior to issuance of the building permit. Additionally, the developer has chosen to pay an in -lieu fee to satisfy the 2 of 2 requirements of the Affordable Housing Production Program (AHPP). The current AHPP rate for condominiums is of $37 .82/sf for a total fee of $158,238.88 for a 4,184 square foot project to be paid prior to issuance of a Certificate of Occupancy. The Final Map has been approved by the Los Angeles County Engineer’s office and certified by the City Engineer for conforma nce with the Tentative Map and conditions thereon, the Subdivision Map Act and local ordinances. The City Engineer’s office indicates that there are no required off -site public improvements assessed for this map. Lastly, the City Attorney's office has app roved the Covenants, Conditions and Restrictions for the Final Map as complying with the conditions of the Tentative Map and applicable laws. Financial Impacts and Budget Actions There is no immediate financial impact or budget action necessary as a resul t of the recommended action. Prepared By: Michael Rocque, Associate Planner Approved Forwarded to Council Attachments: A. Resolution Reference:       Resolution  No. 11024  (CCS)