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City of Hermosa Beach California - Notice and Summary of Ordinance No ORD 24 1474 | Land Value Recapture Program 18 January 2024 ( news )
City of Hermosa Beach , state California ( By Press Release office)
Jan 18,2024
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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
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