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Notice and Summary of Ordinance No. ORD-24-1474 | Land Value Recapture Program

Post Date:01/18/2024 10:00 AM

CITY OF HERMOSA BEACH
NOTICE AND SUMMARY OF ORDINANCE NO. ORD-24-1474

NOTICE IS HEREBY GIVEN that on January 23, 2024 the City Council of the City of Hermosa Beach (“City”) will consider the adoption of Ordinance No. ORD-24-1474

Ordinance No. ORD-24-1474 adds section 17.39.050 and amends certain sections of Title 17 (Zoning) of the Hermosa Beach Municipal Code to establish a Land Value Recapture Program and determines that the ordinance is consistent with Plan Hermosa environmental impact report. This ordinance creates required a certain percentage of affordable housing development depending on the size of the development, or payment of a fee, for sites that are designated as (--HE) that have underlying non-residential zones that propose residential development. The fee amount is set by resolution of the City Council.

Ordinance No. ORD-24-1474 was introduced for first reading by the City Council of the City of Hermosa Beach at its regular meeting held on December 12, 2023.

The above is simply a summary of the Ordinance. To obtain a full understanding of the Ordinance, it should be read in its entirety. A certified copy of the full text of the Ordinance is posted in the City Clerk’s office at Hermosa Beach City Hall, 1315 Valley Drive, 2nd floor, Hermosa Beach, CA 90254, and on the City’s website at http://www.hermosabeach.gov.

Myra Maravilla,
City Clerk

See full text ordinance HERE

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