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13 Desk Item - 347 Massol AvenueawN 0 MEETING DATE: 6/16/08 ITEM NO: 13 DESK ITEM ~~S GASES COUNCIL AGENDA REPORT DATE: June 16, 2008 TO: MAYOR AND TOWN COUNCIL FROM: GREG LARSON, TOWN MANAGER SUBJECT: CONSIDER WHETHER TO APPROVE A GENERAL PLAN AMENDMENT FROM MEDIUM DENSITY RESIDENTIAL (5-12 DWELLING UNITS PER ACRE) TO HIGH DENSITY RESIDENTIAL (12-20 DWELLING UNITS PER ACRE) AND INTRODUCE AN ORDINANCE MAKING A ZONE CHANGE FROM RM:5-12 TO RM:12-20:PD FOR A FIFTY-SIX LOT RESIDENTIAL SUBDIVISION TO CONVERT THE EXISTING APARTMENTS TO CONDOMINIUMS. APN 510-14-004. PROPERTY LOCATION: 347 MASSOL AVENUE. PROPERTY OWNER: PROPERTY OWNER: LYON BAY TREE APARTMENTS, LLC. APPLICANT: APPLICANT: LYON REALTY ADVISORS. FILE #GP-08-01 & PD-07-02. RFMAPV.q- The attached petition and letters of support were received after the report on this matter was finalized. Additionally, staff wanted to clarify that if the Planned Development and General Plan amendment are approved the subsequent Architecture and Site application will be reviewed and 360 degree architecture will be encouraged. All Architecture and Site applications take 360 degree architecture into consideration. The Architecture and Site application will then be reviewed by the Town's Consulting Architect and Development Review Committee and/or Planning Commission depending on the level of architectural improvement of the proposed plans. A i i-a chsnenfc Previously submitted to the Town Council: 1-8. Previously Submitted 9. Petition and two letters of support (23 pages), received June 12, 2008 BNL:JP j K PREPARED BY: BUD N. L RT-Z DIRECTOR OF COMMUNITY DEVELOPMENT N:1DEVICNCLRPTS12o08\347Masso1DESK, doc Reviewed by: Assistant Town Manager Town Attorney Clerk Administrator Finance ommunity Development PETITION FOR THE LOS GATOS TOWN COUNCIL The owners of The Bay Tree Apartments at 347 Massol in the historic Almond Grove District are seeking permission to convert this 56 unit apartment community to ownership condominiums. We support this conversion because it will give Los Gatos a significant addition of ownership homes at a substantially lower cost than the surrounding single family homes, ideal for seniors and first time buyers. The current owners will be upgrading the property and addling over 60% more parking spaces to the site. Additionally, the conversion will add the stability of pride of ownership to the neighborhood and reduce renter turnover. Respectfully submitted, r Name:--_ _ ~ d ri- ~ Address:-_ ~ 0-- Z _t Comments (optional):_ _ f `O~J1~ ~1t~ Name:---- rr f ' Address:_!_______l Comments (optional):_-- ~bL± ~ - Name:------ MAS Address:- 1-vt L L9 _ -6-~-- T Comments (optional):--- arm------ ATTACHMENT 9 PETITION FOR THE LOS GATOS TOWN COUNCIL The owners of The Bay Tree Apartments at 347 Massol in the historic Almond Grove District are seeking permission to convert this 56 unit apartment community to ownership condominiums. We support this conversion because it will give Los Gatos a significant addition of ownership homes at a substantially lower cost than the surrounding single family homes, ideal for seniors and first time buyers. The current owners will be upgrading the property and adding over 60% more parking spaces to the site. Additionally, the conversion will add the stability of pride of ownership to the neighborhood and reduce renter turnover. Respectfully submitted, Name:_~ Address:__~__;-~c i~Le/a Y-la Comments (optional);-- G-Poi-a IJep Name:-'---- a Address-2--l-it- :a i s Comments (optional):-- X14 k-~+ Name:-- -P--/. f q_ l end e 1! Address:-_2 LQ-- 9l, -O T I Comments (optional):---~-11:!.. _1 4 CL_________________ PETITION FOR THE LOS GATOS TOWN COUNCIL The owners of The Bay Tree Apartments at 347 Massol in the historic Almond Grove District are seeking permission to convert this 56 unit apartment community to ownership condominiums. We support this conversion because it will give Los Gatos a significant addition of ownership homes at a substantially lower cost than the surrounding single family homes, ideal for seniors and first time buyers. The current owners will be upgrading the property and adding over 60% more parking spaces to the site. Additionally, the conversion will add the stability of pride of ownership to the neighborhood and reduce renter turnover. Respectfully submitted, Name:--J-U-- CL I!1 G~_ = S -eJ------------- Address:-- --C.U_ -A- YA A Comments (optional): _ y S 2~__~'__ Obis So IN! 'j s I U C ! T i 2 Q rX / E 3'l ( S d ~1 A, 4~7' KY Gt4 / rJC U ✓ - Cc~ n 4 ~c> rG~ Name: ek ~ Ro~IsTo~j - Address:_-__ Comments (optional):-------------------- G (-F-N IDGCC ~ - G 5 3(j Name.---- - f' C~-- Address: Comments (optional):-- Cro(Do cvl`} ~LC PETITION FOR THE LOS GATOS TOWN COUNCIL The owners of The Bay Tree Apartments at 347 Massol in the historic Almond Grove District are seeking permission to convert this 56 unit apartment community to ownership condominiums. We support this conversion because it will give Los Gatos a significant addition of ownership homes at a substantially lower cost than the surrounding single family homes, ideal for seniors and first time buyers. The current owners will be upgrading the property and adding over 60% more parking spaces to the site. Additionally, the conversion will add the stability of pride of ownership to the neighborhood and reduce renter turnover. Respectfully submitted, Name:_----'~-5- Address:------- cl~ ~r s C-z~ .'vc i Comments (optional):-- J - - _ Address: -Q___ Comments (optional):_ ~ Dz~>-I~~ ~7 r Name:------------- - - - - Address:---- =~J 17- Comments (optional):-__-_ - ~ c PETITION FOR THE LOS GATOS TOWN COUNCIL The owners of The Bay Tree Apartments at 347 Massol in the historic Almond Grove District are seeking permission to convert this 56 unit apartment community to ownership condominiums. We support this conversion because it will give Los Gatos a significant addition of ownership homes at a substantially lower cost than the surrounding single family homes, ideal for seniors and first time buyers. The current owners will be upgrading the property and adding over 60% more parking spaces to the site. Additionally, the conversion will add the stability of pride of ownership to the neighborhood and reduce renter turnover. Respectfully submitted, ( Name:--- - 22'7 ---CA Address:: Y-0 - -l - 2o Comments ~fg r[' A_)e C_~~ ors Comments (optional):-_N & Name: _4 'a~~ (q Address:---------------- _~3gS ±q Comments (optional):___--i~~_-G_? vt-------------------------------- PETITION FOR THE LOS GATOS TOWN COUNCIL The owners of The Bay Tree Apartments at 347 Massol in the historic Almond Grove District are seeking permission to convert this 56 unit apartment community to ownership condominiums. We support this conversion because it will give Los Gatos a significant addition of ownership homes at a substantially lower cost than the surrounding single family homes, ideal for seniors and first time buyers. The current owners will be upgrading the property and adding over 60% more parldng spaces to the site. Additionally, the conversion will add the stability of pride of ownership to the neighborhood and reduce renter turnover. Respectfully submitted, Name:---- - Address:-_ _ JojE' Comments (optional):----------- ---------~~1 f------- Name:- 7,0 ` S IJ -1-f"------------ Comments (optional):-_ ??a_--__-?-------- Name:--• Address:--- Comments (optional):_~2 PETITION FOR THE LOS G TOS TOWN COUNCIL The owners of The, Bay Tr(_1 ' e.Apartments at '347.Massol in the. historic fond Grove Disui.ct are sc& - permi'siod to Oavert this i6 unit apart ment .cnmmunlty to owner-ship- condon-li.niurim. We supparr-this- conversion btcaust it ,vv ll~RJA c Los -CTatm a significont addition of oi-~nership horn es at a ,substantially lbWer -coast- that' the surrounding .single family homes, ideal tor-senaors. and- Orst: time Miners; The . atrrent owners Wiq be. upggra g., the : pertyr. anct.ltd0wi € vpr 60%. more narking spaces to the site. Additionally, the ednveNd' 'n w iil add. the stability of pride cif, cnvnCrship :to 4heneighborhood and. reduce ranter turnover. Respe0fully submitted, crnunents (ctptionl~:-~- . . Naine: Comments . PETITION FOR THE LOS GATOS TOWN COUNCIL The owners of The Bay Tree Apartments at 347 Massol in the historic Almond Grove District are seeking permission to convert this 56 unit apartment community to ownership condominiums. We support this conversion because it will give Los Gatos a significant addition of ownership homes at a substantially lower cost than the surrounding single family homes, ideal for seniors and first time buyers. The current owners will be upgrading the property and adding over 60% more parking spaces to the site. Additionally, the conversion will add the stability of pride of ownership to the neighborhood and reduce renter turnover. Respectfully submitted, ~9 ' Address: -Z~-O---___-~ C / c~--- s Comments (optional):_---------------------- D ~ Name.-C&-s-f-- E- 0 'k/ Address:--__ -0 Ls J,,k 1 V) 1 )4t4 J C omments (optional):- - --rte- t Name:----- - - Address:- - Comments (optional):---- ! - PETITION FOR THE LOS GATOS TOWN COUNCIL The owners of The Bay Tree Apartments at 347 Massol in the historic Almond Grove District are seeking permission to convert this 56 unit apartment community to ownership condominiums. We support this conversion because it will give Los Gatos a significant addition of ownership homes at a substantially lower cost than the surrounding single family homes, ideal for seniors and first time buyers. The current owners will be upgrading the property and addling over 60% more parking spaces to the site. Additionally, the conversion will add the stability of pride of ownership to the neighborhood and reduce renter turnover. tied, Name: L -L-,~21----- - _-~-f ----x----T--------- Address:--_ - x` J - 1--]] cam Comments a p Name: Addre Comments (optional):_~--J-j-----"'-_ eGq 9503 ~ Name:--------`~~n Address:---- 2'2~2 7.j-__ 1 _ Comments (optional):- ~ ----~~1 PETITION FOR THE LOS GATOS TOWN COUNCIL The owners of The Bay Tree Apartments at 347 Massol in the historic Almond Grove District are seeking permission to convert this 56 unit apartment community to ownership condominiums. We support this conversion because it will give Los Gatos a significant addition of ownership homes at a substantially lower cost than the surrounding single family homes, ideal for seniors and first time buyers. The current owners will be upgrading the property and adding over 641/6 more parking spaces to the site. Additionally, the conversion will add the stability of pride of ownership to the neighborhood and reduce renter turnover. Respectfully submitted, Name:---7--I-q - Address:-f --1 Comments (optional): - _ /o/e, -140~ 1j 10441e~ Name: ------------~i=?! Address: c-3-1-J Comments (optional):--G~ Name:---------------- GL~ L Address.____________ Comment optional)- -~L,5-aj J h PETITION FOR THE LOS GATOS TOWN COUNCIL The owners of The Bay Tree Apartments at 347 Massol in the historic Almond Grove District are seeking permission to convert this 56 unit apartment community to ownership condominiums. We support this conversion because it will give Los Gatos a significant addition of ownership homes at a substantially lower cost than the surrounding single family homes, ideal for seniors and first time buyers. The current owners will be upgrading the property and adding over 60% more parking spaces to the site. Additionally, the conversion will add the stability of pride of ownership to the neighborhood and reduce renter turnover. Respectfully submitted, Cr- Address:--- Comments o tional :_f~'_ -f t ~Vn1'- u 'Ir In C~ cc, r: Name:_--- . c~- - Address:-I-!~ r-)--~eHZZ-z2-Lz~2-cz - Comments (optional):---------- f LC 3 3 - - Name,A-- Address:---- Comments (optional):------------------------- Mayor Barbara Spector And Members of the Town Council Town of Los Gatos 110 E. Main St. Los Gatos, CA 95030 June 11, 2008 Dear Mayor Spector and Members of the Town Council: JUN 12 200 TOWN Or LOS GAT OS CLERK DF-PAP'T';. E !T The chance to create a newer, more affordable class of home ownership in The Almond Grove makes the application by The Bay Tree Apartments to convert to condominiums an opportunity too good to refuse. I urge the Town Council to work with the Bay Tree owners to assure that the proposal goes forward. Two types of buyers, in particular, stand to gain from approval of these condominiums. They are seniors who own single-family homes and would like to downsize to more affordable housing and younger people who cannot afford to buy at today's high prices for single-family homes. My family falls into both categories. I have recently sold my large home and would consider buying a smaller one in a place like The Bay Tree. Our daughter & two sons would benefit from having a more affordable type of condominium that would allow them to remain in the town where they grew up. The main obstacles to approval of the application appear to be the parking requirements for new construction, which are being applied retroactively to this application, and the owner's ability to afford almost giving away several subsidized units. Parking has never seemed to be a significant problem on Massol, and I have always noticed empty spaces along the curb. While the current on-site parking requirements may be suitable for new construction, they should not be used to eliminate all condominium conversions. As a former mayor, I believe if a policy is either unreasonable or inapplicable, it should be changed or not applied. As for the BMP requirements, the gap between the proposed subsidized prices and the current market prices in Los Gatos goes far beyond what anyone could have imagined when the regional guidelines were developed years ago. I leave it to you to work out what can be accomplished. But don't let this one get away. Sincerely, Pat Laughlin Michael Silva 675 N. Santa Cruz Ave. Los Gatos, CA 95030 Los Gatos Town Council 110 E. Main St. Los Gatos, CA 95030 June 13, 2008 Dear Mayor Spector and Council Members, JUN 12 2008 TOWN Of- LOS GA T OS CLERK DEPP.RTMENT As a renter who supports opportunities for more affordable housing in Los Gatos, I urge you to approve the application of The Bay Tree Apartments to convert to individually owned condominiums. The Bay Tree represents an opportunity to contribute to two types of housing affordability, subsidized housing for very low-income people and home ownership for people who would like to buy homes, but are forced by high prices to rent. Seniors, in particular, are likely to benefit. Our town is getting older, and many people here no longer need the big houses where they raised their families. Having an opportunity to downsize to less expensive housing, particularly close to downtown, will allow many people to take the equity out of their homes and live a more affluent life during their senior years. Thank you for your consideration. Sincerely, Michael Silva