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HomeMy WebLinkAboutSR - ZOA 06-02 Residential Condo CnvrsnREQUEST: MEETING DATE (/� 2 R' ❑ CONTINUED TO PASSED TO 2ND READING „ CITY OF PALM DESERT DEPARTMENT OF COMMUNITY DEVELOPMENT STAFF REPORT Request approval of amendments to Title 25 (Zoning) and Title 26 (Subdivisions) of the municipal code relating to residential condominium conversion approvals. SUBMITTED BY: Lauri Aylaian Director of Community Development APPLICANT: City of Palm Desert DATE: June 28, 2007 CONTENTS: Ordinance 1140 Planning Commission Resolution No. 2445 Negative Declaration Planning Commission Minutes 19 December 2006 Planning Commision Draft Minutes 15 May 2007 Recommendation: By minute motion, that the City Council waive further reading and pass to second reading an amendment to Title 25 (Zoning) of the Palm Desert Municipal Code adding Chapter 25.112, Residential Condominium Conversions, and an amendment to Title 26 (Subdivisions) relating to the approval of the conversion of existing multi- family residential development to condominium ownership. Executive Summary: Approval of the staff recommendation will move to second reading a new ordinance governing the conversion of existing multi -family residential units to condominium type ownership. The ordinance proposes to: limit the conversion of rental units to periods when there is a surplus of rental stock; provide relocation assistance and compensation to qualifying renters who cannot afford to purchase their unit; and to safeguard buyers by imposing standards and disclosing conditions of construction, maintenance and energy conservation. 3 Staff Report June 28, 2007 Page 2of3 Background: The City of Palm Desert currently has no ordinance or guidelines regulating the conversion of properties from rental to condominium type ownership. On September 26, 2006 the Planning Commission directed staff to prepare a report and set a public hearing to consider the matter of industrial/commercial and residential condominium conversion. At the December 19, 2006 Planning Commission meeting, the draft ordinance governing the conversion of rental residential units to condominium ownership was introduced for consideration. Commission members had a number of comments and questions regarding the proposed ordinance, and its consideration was continued to allow staff sufficient time to address the specific issues that were raised. Over the next five months, Staff worked with legal counsel, owners of large multi -family rental housing units, and the Planning Commission to shape the ordinance that is hereby brought forth to the Council for consideration. Discussion: The conversion of property to condominium type ownership generally occurs in waves that reflect market conditions of home rental and ownership. Twelve to eighteen months ago when conditions were favorable, there was a great deal of interest in converting rental apartments to condominiums. This was due to the limited stock of single-family homes and the high cost of acquisition of entry-level housing. However, with the change in market conditions there are currently no applications being processed for such conversion. Staff believes that the timing is now right to prepare for the next time when market conditions will favor condo conversion by developing guidelines and standards to govern the process. The intent is, in part, to assure that owners of multi -family rental units do not reap windfall profits at the expense of renters who are unable to purchase their units and who can no longer find housing due to a shortage of rental units available in the community. Staff also believes that it is important to maintain a balance of rental and ownership units within the City at any given time. This assures that students, young professionals, seniors on a fixed income, and people at transition points in their life are able to live in the City. In preparing the ordinance presented with this report, staff reviewed the ordinances of several other communities in California that place restrictions and minimum standards on conversion of rental properties. Staff also asked owner representatives of several of the largest apartment complexes in the City of Palm Desert to review and comment upon it, understanding that a balance is necessary. The result is the proposed ordinance, which will safeguard the interest of renters and prospective buyers of condominium units, yet will not be so onerous as to effectively prohibit all conversion projects. These standards will also upgrade any G.\PLANNING\LAURIE AYLAIAN\STAFF REPORTS\CONDO CONVERSION 061407.DOC Staff Report June 28, 2007 Page 3 of 3 units converted to meet the standards for energy efficiency recently adopted by the City of Palm Desert. On 15 May 2007 the Planning Commission reviewed the draft ordinance and recommended it for approval subject to several minor revisions that have been subsequently incorporated into the ordinance. The companion piece to the new section for the zoning ordinance is a minor revision to Title 26 that will add necessary language regarding conversion to condominiums into the subdivision ordinance. Staff recommends approval of the amendment to the subdivision ordinance (Title 26) and the addition to the zoning ordinance (Title 25). Submitted By: LAURI AY Director AIAN f Comm ity Development HOMER C ACM, Com nity Development /AV* CARLOS ORTkGA City Manager G \PLANNING\LAURIE AYLAIAN\STAFF REPORTS\CONDO CONVERSION 061407.DOC