Agenda - City of Santa Monica

Community benefits have been negotiated as part of the Development Agreement. The
applicant has agreed to the following community benefits for the project:
• A monetary contribution of $125,493 towards transportation infrastructure
improvements in the Downtown area. T his contribution is consistent with the
Transportation Impact Fee formula approved by the City Council on February 26,
2013.
• A monetary contribution of $125,000 towards the Colorado Esplanade
improvements.
• A monetary contribution of $225,000 towards parks and open space.
• A monetary contribution of $25,000 towards Big Blue Bus infrastructure
improvements in the Downtown.
• A monetary contribution of $25,000 towards Historic Preservation programs for the
Downtown.
• A Transportation Demand Management (TDM) plan with measures applicable to
both the commercial and residential components of the project.
• Provision of 5 EV stub-outs for charging stations within the subterranean garage.
• Physical improvements consisting of a ground floor setback that widens the adjacent
sidewalk.
• A local hiring provision to facilitate the employment of local workers during
construction and for commercial employees.
Pending Community Benefits for Discussion:
• Affordable Housing: The Planning Commission recommended that the project
provide a total of 10 units (20%) on-site as affordable units. The level of affordability
for the units would consist of five very-low income one-bedroom units, and five
moderate-income studio units defined as 80% of the area median income (instead of
typical 100% of area median as defined by AHPP). The applicant does not agree
with the Commission’s recommendation, and has elected to maintain their proposal
of eight on-site affordable units (5 very-low income one-bedroom units, and 3 lowincome
studio units) as proposed prior to the Commission’s review of the project.
The three low-income studio units would be in addition to the five very-low income
units required by the AHPP.
• LEED® Platinum Certification: The Planning Commission recommended that the
project be designed and constructed to achieve a minimum LEED® Platinum
certification as established by the LEED® Rating System. The applicant has
expressed difficulties in achieving platinum status based on the project size, type,
and location as an u rban infill residential project. T he applicant has agreed to
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