R111311
City Council Meeting: 08-14-2018 Santa Monica, California
RESOLUTION NUMBER (CCS)
(City Council Series)
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF SANTA MONICA AUTOMATICALLY ADJUSTING
THE AFFORDABLE HOUSING UNIT DEVELOPMENT COST PURSUANT
TO SANTA MONICA MUNICIPAL CODE SECTION 9.64.070(C)
BASED ON CHANGES IN CONSTRUCTION COSTS AND LAND COSTS
WHEREAS, on June 13, 2006, the City Council of the City of Santa Monica (the
amended Santa Monica Municipal Code Section 9.56.070, now renumbered
Section 9.64.070, to provide that
shall be established by resolution and that commencing on July 1, 2007, the affordable
housing unit development cost shall be automatically adjusted annually by City Council
based on changes in construction costs and land costs; and
WHEREAS, Santa Monica Municipal Code Section 9.64
housing unit develo
affordable to 30% income households, 50% income households, 80% income
households or moderate-income households;and
that the affordable
housing unit development cost be adjusted based on changes in land and construction
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costs, 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, and
approved by the Council on June 13, 2006; and
WHEREAS, pursuant to this methodology, on July 24, 2007, the City Council
adopted Resolution No. 10230 (CCS) which established an affordable housing unit
development cost of $265,632; and
WHEREAS, pursuant to this methodology, on July 23, 2008, the City Council
adopted Resolution No. 10330 (CCS) which incrementally adjusted this unit
development cost by $11,953; and
WHEREAS, pursuant to this methodology, on September 8, 2009, the City
Council adopted Resolution No. 10423 (CCS) which incrementally adjusted this unit
development cost by $7,217; and
WHEREAS, pursuant to this methodology, on September 28, 2010, the City
Council adopted Resolution No. 10530 (CCS) which incrementally decreased this unit
development cost by $3,702; and
WHEREAS, pursuant to this methodology, on June 14, 2011, the City Council
adopted Resolution No. 10579 (CCS) which incrementally adjusted this unit
development cost by $5,903; and
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WHEREAS, pursuant to this methodology, on September 11, 2012, the City
Council adopted Resolution No. 10706 (CCS) which incrementally adjusted this unit
development cost by $2,296; and
WHEREAS, pursuant to this methodology, on August 27, 2013, the City Council
adopted Resolution No. 10764 (CCS) which incrementally adjusted this unit
development cost by $2,314; and
WHEREAS, pursuant to this methodology, on August 26, 2014, the City Council
adopted Resolution No. 10834 (CCS) which incrementally adjusted this unit
development cost by $20,996; and
WHEREAS, pursuant to this methodology, on August 25, 2015, the City Council
adopted Resolution No. 10903 (CCS) which incrementally adjusted this unit
development cost by $15,318; and
WHEREAS, pursuant to this methodology, on August 23, 2016, the City Council
adopted Resolution No. 10986 (CCS) which incrementally adjusted this unit
development cost by $11,805;
WHEREAS, pursuant to this methodology, on August 8, 2017, the City Council
adopted Resolution No. 11070 (CCS) which incrementally adjusted this unit
development cost by $16,987; and
WHEREAS, Resolution No. 10230 (CCS), Resolution No. 10330 (CCS),
Resolution No. 10423 (CCS), Resolution No. 10530 (CCS), Resolution No. 10579
(CCS), Resolution No. 10706 (CCS), Resolution No. 10764 (CCS), Resolution No.
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10834 (CCS), Resolution No. 10903 (CCS), Resolution No. 10986 (CCS), and
Resolution 11070 (CCS) thereby established an affordable housing unit development
cost of $356,719; and
WHEREAS, in accordance with Santa Monica Municipal Code Section 9.64.070
and the City Council's approved methodology, staff has calculated the required
incremental adjustment to the unit development cost based on the changes to
construction costs and land costs that have occurred since the adjustment undertaken
last year; and
WHEREAS, on August 2, 2018, the City published a notice that at the August 14,
2018, City Council meeting, the City Council would consider a proposed resolution to
adjust the affordable housing unit development cost that private developers may pay to
the City for the production of affordable housing based on this methodology and that the
analysis was available for review in the City Clerks Office; and
WHEREAS, the City republished this notice on August 10, 2018; and
WHEREAS, a copy of
Office for public review since August 2, 2018; and
WHEREAS, based on this analysis, an increase in the amount of $17,836 to the
current affordable housing development cost of $356,719 would be appropriate,
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SANTA MONICA
DOES RESOLVE AS FOLLOWS:
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SECTION 1. The current Affordable Housing Unit Development Cost of
$356,719 established by Resolution No. 10230 (CCS), Resolution No. 10330 (CCS),
Resolution No. 10423 (CCS), Resolution No. 10530 (CCS), Resolution No. 10579
(CCS), Resolution No. 10706 (CCS), Resolution No. 10764 (CCS), Resolution No.
10834 (CCS), Resolution No. 10903 (CCS), Resolution No. 10986 (CCS), and
Resolution 11070 (CCS) shall be increased by $17,836.
SECTION 2. Resolution No. 10230 (CCS), Resolution No. 10330 (CCS),
Resolution No. 10423 (CCS), Resolution No. 10530 (CCS), Resolution No. 10579
(CCS), Resolution No. 10706 (CCS), Resolution No. 10764 (CCS), Resolution No.
10834 (CCS), Resolution No. 10903 (CCS), Resolution No. 10986 (CCS), and
Resolution 11070 (CCS) shall remain in full force and effect and shall not be
superseded or altered by this resolution in any way.
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 on November 1,
2018.
APPROVED AS TO FORM:
_________________________
LANE DILG
City Attorney
Adopted and approved this 14th day of August, 2018.
Zell' h!11tterer
Ted Winterer (Sep 20, 2018)
Ted Winterer, Mayor
I, Denise Anderson-Warren, City Clerk of the City of Santa Monica, do hereby
certify that Resolution No. 11131 (CCS) was duly adopted at a meeting of the Santa
Monica City Council held on the 14th day of August, 2018, by the following vote:
AYES: Councilmembers McKeown, O'Connor, O'Day, Himmelrich, Vazquez,
Mayor Pro Tern Davis, Mayor Winterer
NOES: None
ABSENT: None
ATTEST:
Denise Anderson-Warren, City Clerk