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HomeMy WebLinkAbout1998/12/16 - Agenda Packet - AttachmentsCity Council Agenda December 16, 1998 Presentation Amendment B. ANNOUNCEMENTS/PRESENTATIONS 1. Presentation of a Certificate of Recognition commending students of Alta Loma, Rancho Cucamonga and Eftwanda High School on being selected to participate in the Pasadena City Rose Bowl Band. DECEMBER 16, 1998 PJ-630 RE: TIME EXTENSIONS HONORABLE COUNCIL MEMBERS: I am here to speak to you not only in behalf of my client, but also on behalf of other small and medium sized developers who wish the City to revise their subdivision ordinance to conform to the State's Government Code, Article 12, Section 66452.6, specifically Subsection (e) relating to an additional 12 years extension of time for approved tentative maps. When Tentative Tract 14875 was approved on January 9, 1993, the recession, due in part to the collapse of the Savings and Loan institutions and the closure of military installations, was already creating a slowdown of housing development in Southern California, the Savings & Loans were a major part of financing for the small and medium sized developers. The closure of the ~[litary installations triggered a mass movement of people out of Southern California. These two situations created a shortage of funds and demand for housing. Developers had no control over this, so they put their projects on hold. In recognition of the housing industry's dilemma, the State passed Senate Bill 428 and Assembly Bill 771 which gave tentative maps that had not expired as addlitional automatic 3 years extension. Although gratefully accepted by the housing industry, these extensions took place while the recession was still on-going. In the last year to year and one-half, housing construction has begun. The majority of these developments are by the larger developers that have more resources and borrowing power then the small developers. The smaller developers, therefore, take longer to secure fund for development and to build the team necessary to begin their projects. In my client's case, he had been advised that he still had one more extension of 1 year to record the Final Map, but he was later informed that he did not have any more extensions and than his map would expire on January 9, 1999. If the Subdivision Ordinance is revised, the City still retains the authority to approve or disapprove the time extensions. It is not an automatic time extension. The time extension process would still be in place. Thank you for your time and consideration on our request. questions, I sha].l be happy to respond to them. If you have any