MEETING DATE:
December 10, 2024
SUBJECT:
Title
FINAL MAP APPROVAL FOR TENTATIVE SUBDIVISION MAP 22-0005 FOR PICO INVESTMENTS , LLC, A CALIFORNIA LIMITED LIABILITY COMPANY
Body
Recommendation
Recommendation
APPROVE Final Subdivision Map for Tentative Subdivision Map (TSM) 22-0005.
Body
Board or Commission Action
Not applicable
Relevant Council Strategic Theme
Economic Development
Relevant Department Goal
Not applicable
Background
The proposed Pico project would allow for the development of 16 multifamily residential condominiums on an approximately 0.68-acre project site located at 236 and 244 Pico Avenue in the Multi-Family Residential (R-3-6) Zone in the Richmar Neighborhood.
Discussion
On October 24, 2023, City Council approved the following for the Pico development:
• Resolution No. 2023-9219 (Tentative Subdivision Map 22-0005) to create a one-lot condominium map for 16 residential condominium units; and
• Resolution No. 2023-9220 (Multifamily Site Development Plan 22-0006) to allow the construction of 16 residential condominium units.
After review of the submitted final map and the project conditions, City staff has determined that the Final Map is complete and in conformance with the Subdivision Map Act, the City of San Marcos Subdivision Ordinance, and the conditions of approval for the associated entitlements listed above.
Environmental Impact
The proposed Project/action has been reviewed for compliance with the California Environmental Quality Act and has been found to be in conformance with an existing certified environmental document. On October 24, 2023, the City Council approved the entitlements for the Pico Project, including Mitigated Negative Declaration, ND23-013 adopting the mitigation monitoring and reporting program. The Notice of Determination was filed with the State of California Office of Planning and Research as SCH No. 2023070468.
Fiscal Impact
There are no direct fiscal impacts associated with the approval of the Final Map. However, the ultimate development of 16 residential condominiums will improve the City’s property tax/sales tax base.
Annexation into the following Community Facility Districts (CFDs) ensures the project pays its share toward affected citywide services: CFD 98-01 Improvement Area 1 (Police Only); San Marcos Fire Protection District CFD 2001-01 (Fire and Paramedic); CFD 98-02 (Lighting, Landscaping, Open Space and Preserve Maintenance); and CFD 2011-01 (Congestion Management).
Attachment(s)
Attachment 1 - Vicinity Map
Attachment 2 - Final Map
Prepared by: Kyrenne Chua, Principal Civil Engineer
Reviewed by: Stephanie Kellar, Deputy City Engineer
Reviewed by: Isaac Etchamendy, Development Services Director & City Engineer
Approved by: Michelle Bender, City Manager