SR 05:197 - Laserfiche WebLink

T~ address this issue staff has developed the three options listed below: 1. Process the application for the Pleasanton Manor and other condo conversions when received and pursue project conditions of approval, including affordability, as part of the project review process. 2. Process modifications to the existing CCO to conform to State Law and return to the City Council for review and approval. Defer processing condominium conversion applications until CCO is amended. 3. Forward potential modifications to the CCO to the Housing and Planning Commissions for their review and recommendation. Staff anticipates emphasizing the need to assure conformance with State law and a requirement, at some level, that affordable units be required for condo conversions. Final details will be developed with the assistance of the Commissions. The Council is also asked to provide policy direction applicable to these ordinance modifications. As with Option 2, individual conversion applications would be put on hold. STAFF RECOMMENDATION Staff recommends that the Council direct staff to pursue Option 3 described above. Staff anticipates this review will be completed within three to four months after which time any amendments will be forwarded to the Housing and Planning Commissions, then to the City Council. FISCAL IMPACT Modifications to the City's Inclusionary Zoning and Condominium Conversion Ordinances would have no direct fiscal impact to the City. However, an increase in condominium conversions may result in increased tax revenue to the City over time. Respectfully Submitted, Steven Bocian Assistant City Manager ~IL- Jerry Iserson, Director Planning and Community Development Jv ~{;v~ ;2---/ Nelson Fialho City Manager Attachments: 1. Pleasanton Condominium Conversion Ordinance (PMC Ch. 17.04) 2. Inclusionary Zoning Ordinance (PMC Ch. 17.44) 3. City of Livermore Ordinance Amending its Condominium Conversion Ordinance SR:05:197 Page 7