City Council

6.\nAPPROVE FINAL TRACT MAP NO. 082169 FOR CREATION OF 49 AIR PARCELS FOR RESIDENTIAL CONDOMINIUM PURPOSES AND ONE\nAIR PARCEL FOR COMMERCIAL CONDOMINIUM PURPOSES AT\n127- 141 NORTH MADISON AVENUE (Public Works Dept.)\nRecommendation: It is recommended that the City Council:\n(1)\nFind that the project was previously determined Categorically Exempt from the California Environmental Quality Act (Section 15332, Class 32,\nIn-Fill Development Projects), and that no further CEQA approvals are required for\nthe final tract map, and that the final tract map is not a project and exempt under Section 15268(b) of the State CEQA Guidelines as a ministerial\naction;\n(2)\nAdopt a resolution to approve Final Tract Map No. 082169 for the creation of 49 air parcels for residential condominium purposes and one air\nparcel for commercial condominium purposes;\n(3)\nAuthorize the City Manager to execute a Subdivision Contract with 127 Madison, LLC;\n(4)\nApprove and accept a letter of credit in the amount of $44,556.00 as a security guarantee that all public improvements work as conditioned\nupon the developer will be satisfactorily completed in accordance with Pasadena\nMunicipal Code Chapter 16.36.040; and\n(5)\nAuthorize the City Clerk to execute the Certificate on the Tract Map showing the City’s approval of said Map.\nRecommendation of the Hearing Officer: Final Tract Map No. 082169 (Attachment A of the agenda report), for the creation of 49 air parcels for\nresidential condominium purposes and one air parcel for commercial condominium\npurposes, was reviewed and approved in tentative form by the Subdivision Hearing Officer on March 3, 2021. The exercise of the right granted must\nbe commenced within three years, or by March 3, 2024. The applicant submitted\nthe final map to the City for review in January 2023.