Action Apartments Association, Inc.

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  • 11/19/2019 8:40 AM | Margaret Fulton (Administrator)

    Last week, a standing room only crowd of residents came to a North of Montana Association (NOMA) monthly meeting at the Montana Library to hear about the “Plaza” project being proposed on public land at 4th and 5th Streets and Arizona in downtown Santa Monica.

    The presentation pitted DLJ Real Estate Capital Partners and Clarett West developers’ partner and senior managing director Frank Stephan against community activists Diana Gordon of Santa Monica Coalition for a Livable City (“SMCLC”) and Ron Goldman of Santa Monica Architects for a Responsible Future (“SMa.r.t.).

    Read More: http://www.surfsantamonica.com/ssm_site/the_lookout/letters/Letters-2019/11_18_2019_OPINION_Santa_Monicas_Slow_Growth_Movement_Is_Energized.html

  • 11/18/2019 8:20 AM | Margaret Fulton (Administrator)

    The City Council on Tuesday extended emergency ordinances that ban fast food restaurants on the Promenade and set standards for the demolition of potential landmarks.

    The Promenade ordinance is the third such ban granted while the City explores ways to transform the popular strip ("'Bold' Plan to Transform the Promenade Gets Go-Ahead from Council," November 7, 2019).

    Read More: http://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2019/November-2019/11_15_2019_Council_Extends_Emergency_Ordinances_for_Fast_Food_Restaurants_Landmark_Demolitions.html

  • 11/15/2019 1:29 PM | Margaret Fulton (Administrator)

    Santa Monica’s residents may have noticed a new office structure that is nearing completion adjacent to our historic City Hall. If you were wondering what it is, it’s the City’s new Administration wing. The project’s design is in response to the Living Building Challenge whose goal is to promote the adoption of the latest in sustainable technology for large public projects.

    To quote from their challenge statement: “When we look at the people, planet, and place, it’s great to be environmentally sustainable but we also have to be financially sustainable”. 

    Read More: https://smmirror.com/2019/11/new-city-administration-building/

  • 11/13/2019 2:55 PM | Margaret Fulton (Administrator)

    At its meeting last night, the Santa Monica City Council voted to extend Santa Monica’s Shared Mobility Pilot Program, which has enabled 2,673,819 trips on e-scooters and e-bikes over the last year, half of which replaced car trips. The extension through May 2020 will pave the way for a second pilot program with intensified regulations that facilitates greater customer reliability and affordability, and more effectively achieves safety and public outcomes.

    Read More: https://www.santamonica.gov/press/2019/11/13/city-council-extends-shared-mobility-pilot-and-sets-goals-for-second-pilot

  • 11/13/2019 2:50 PM | Margaret Fulton (Administrator)

    Los Angeles officials Wednesday provided more details regarding an emergency rent relief subsidy to help low-income city residents who may have seen a spike in their rents ahead of a new state rent cap which takes effect in 2020.

    Read More: https://www.msn.com/en-us/money/realestate/dollar3m-rent-relief-program-to-help-low-income-la-tenants-facing-short-term-rent-hikes/ar-BBWI2GH

  • 11/13/2019 8:48 AM | Margaret Fulton (Administrator)

    When Coastline bought the building, it paid several tenants lump sums to vacate their apartments so it could charge new tenants much higher rents. Tracy Condon, executive director of the Santa Monica Rent Control Board, said property owners are required to notify the board of buyout agreements, but Coastline never did. Today, 12 of the 20 units are occupied, two by Coastline employees.

    Long-term tenants who did not accept buyout offers said Coastline is still trying to get them to leave the building — but through more creative means.

    Read More: https://www.smdp.com/corporate-landlord-cited-for-tenant-harassment-in-new-york-may-be-using-the-same-tactics-in-santa-monica-renters-say/182829

  • 11/12/2019 5:23 PM | Margaret Fulton (Administrator)

    For now, fears of an imminent recession have receded.  But things that can’t go on forever, don’t. After ten years of economic growth, most California cities are still vulnerable to crisis when the next recession hits. 

    Santa Monica is not one of them.  Overall, we were classified at “low risk.” Yet despite our AAA bond rating, our risk level was higher than nearly 30% of California cities, according to the State Auditor.  Why?

    One word: pensions

    Read More: https://www.santamonica.gov/blog/rick-cole-while-fiscally-strong-santa-monica-must-continue-to-prepare-for-the-recession-that-s-coming

  • 11/12/2019 5:18 PM | Margaret Fulton (Administrator)

    Santa Monica homeowners could see their bimonthly water bills increase by $36 over the next five years under a plan the City Council will consider early next year.

    The rate hikes would help bridge an projected gap of $5.5 million a year in the City's water fund, which pays for maintaining the City's water and waste water systems, staff said in a report released last week.

    Under the proposed rates, water customers would see a 20 percent increase the first year, a 18 percent increase the second year and 14 percent increases the following three years.

    Read More: http://www.surfsantamonica.com/ssm_site/the_lookout/news/News-2019/November-2019/11_12_2019_Santa_Monica_Water_Rates_Set_to_Jump.html

  • 11/12/2019 5:16 PM | Margaret Fulton (Administrator)

    Looking to revive one of its primary tourist attractions, the City of Santa Monica took steps last week to develop a new master plan for the 30-year-old Third Street Promenade. 

    On Tuesday, November 5 Santa Monica City Council directed staff to develop a master plan and financing strategy for the redevelopment of the Third Street Promenade as part of a project to define the next thirty years for the shopping center.

    Read More: https://smmirror.com/2019/11/promenade-3-0-council/

  • 11/11/2019 8:13 AM | Margaret Fulton (Administrator)

    Santa Monica and other Southern California cities with abundant jobs and transit may be required to build more housing than ever before.

    The Southern California Association of Governments (SCAG) voted Thursday to recommend that the state require Los Angeles and Orange counties to facilitate the construction of more than 1 million new homes, departing from an earlier plan that would have allocated more housing to Riverside and San Bernardino counties. If the state approves SCAG’s recommendation, Santa Monica would be asked to build 9,000 new units between 2021 and 2029, almost double what it would have been required to accommodate under the previous plan.

    Read More: https://www.smdp.com/state-may-require-santa-monica-to-build-9000-units/182715

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