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HomeMy WebLinkAbout1623 - APPROVE CR_206 E BALBOA BLVDRESOLUTION NO. 1623 A RESOLUTION OF THE PLANNING COMMISSION OF THE CITY OF NEWPORT BEACH APPROVING COASTAL RESIDENTIAL DEVELOPMENT PERMIT NO. 2003 -002 FOR PROPERTY LOCATED AT 206 E. BALBOA BOULEVARD (PA2003 -201). THE PLANNING COMMISSION OF THE CITY OF NEWPORT BEACH HEREBY FINDS, RESOLVES AND ORDERS AS FOLLOWS: Section 1. An application was filed by Jim Cefalia, with respect to property located at 206 E. Balboa Boulevard, and legally described as Lots 4, 5 & 6, Block 4 of the Newport Bay Tract, requesting approval of Coastal Residential Development Permit No. 2003 -002 to authorize the demolition of a 6 -unit apartment building within the Coastal Zone containing 4 units occupied by low or moderate income households. Section 2. A public hearing was held on December 4, 2003, in the City Hall Council Chambers, 3300 Newport Boulevard, Newport Beach, Califomia. A notice of the time, place and purpose of the aforesaid meeting was given. Evidence, both written and oral, was presented to and considered by the Planning Commission at this meeting. Section 3. The Planning Commission finds the following: Govemment Code Section 65590 requires the replacement of dwelling units when demolished if they are occupied by low or moderate income households and located within the Coastal Zone. 2. Information supplied by the applicant indicates that 4 of the 6 units located at the subject property are occupied by low or moderate income households. 3. A financial feasibility study was conducted by Keyser Marston & Associates to determine whether or not it is financially feasible to replace the 4 affordable units proposed to be demolished. The feasibility study concludes that it is financially infeasible to require 4 replacement affordable units at the subject property. 4. Due to the reduction in affordable units within the City with the demolition proposed, the applicant should mitigate that loss through the payment of an in -lieu fee to the City, which can be used to increase the affordable housing supply within the City. 5. An in -lieu fee of $13,500 per affordable unit ($54,000 total) has been proposed by the City and the applicant has agreed to the payment. Section 4. Based on the aforementioned findings, the Planning Commission approves Coastal Residential Development Permit No. 2003 -002 subject to the payment of an in -lieu fee to the City of Newport Beach in the amount of Fifty -Four Thousand Dollars ($54,000). Planning Commission Resolution No. 2of2 Section 5. This action shall become final and effective fourteen days after the adoption of this Resolution unless within such time an appeal is filed with the City Clerk or this action is called for review by the City Council in accordance with the provisions of Title 20, Planning and Zoning, of the Newport Beach Municipal Code. PASSED, APPROVED AND ADOPTED THIS 4th DAY OF DECEMBER, 2003. AYES: Eaton, Cole, Toerge, McDaniel, Kiser and Tucker ABSTAIN: Selich BY: V��uri1 Earl McDaniel, Chairman BY: MiatfRTToerge, Secretary