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Agenda - City of Santa Monica

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ATTACHMENT B<br />

DEVELOPMENT AGREEMENT FINDINGS<br />

DEVELOPMENT AGREEMENT FINDINGS<br />

1. The proposed Development Agreement is consistent with the objectives, policies,<br />

general land uses and programs specified in the general plan and any applicable<br />

specific plan, in that consistent with LUCE Policy D7.1 <strong>of</strong> the Downtown District,<br />

the proposed mixed-use project balances a br oad mix <strong>of</strong> uses that creates<br />

dynamic activity in both the daytime and evening hours including retail and highdensity<br />

residential uses in the Downtown. C onsistent with Policy D7.2, the<br />

project encourages local-serving uses that are an i ntegral part <strong>of</strong> complete<br />

neighborhoods and support an overall trip reduction strategy. The proposed<br />

project is also consistent with Policy D8.7 in that it encourages mixed-use<br />

developments to have active ground floor uses that face the boulevard with<br />

residential uses located on the upper floors. The implementation <strong>of</strong> a<br />

Transportation Demand Management (TDM) plan in efforts to reduce vehicle<br />

trips in the area and reduce associated parking demand is consistent with LUCE<br />

Circulation Policy T19.2 which seeks appropriate TDM requirements for new<br />

development. F urthermore, the project is consistent with LUCE’s overall land<br />

use policies by providing community benefits for the area, including but not<br />

limited to, additional affordable housing units exceeding AHPP requirements, a<br />

variety <strong>of</strong> contributions to support area improvements, construction <strong>of</strong> a LE ED<br />

Gold certified building including solar panels and EV charging stub-outs, and a<br />

local hiring provision..<br />

2. The proposed Development Agreement is compatible with the uses authorized in<br />

the district in which the real property is located, in that the subject property is<br />

located in the Downtown BSC-4 District that permits multi-family dwelling units<br />

and commercial uses. The proposed Development agreement is consistent with<br />

LUCE Policy D7.1 <strong>of</strong> the Downtown District in that the proposed mixed-use<br />

project balances a broad mix <strong>of</strong> uses that creates dynamic activity in both the<br />

daytime and evening hours including retail and high-density residential uses in<br />

the Downtown. Consistent with Policy D7.2 the project encourages local-serving<br />

uses that are an integral part <strong>of</strong> complete neighborhoods and support an overall<br />

trip reduction strategy. The proposed TDM plan seeks to reduce the overall<br />

parking demand and vehicular trips within the area by providing bicycle facilities<br />

for residents and employees, and provisions for transit subsidies for commercial<br />

employees.<br />

3. The proposed Development Agreement is in conformity with the public necessity,<br />

public convenience, general welfare, and good land use practices, in that it<br />

allows for the redevelopment <strong>of</strong> existing, underutilize properties with a mixed-use<br />

project that is compliant with the new Land and Use Circulation Element vision<br />

for the area. The proposed project provides 53 new residential units and w ill<br />

feature a neighborhood serving commercial use, and would provide community<br />

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