TITLE
Recommendation to find that all requirements of the final subdivision map have been satisfied; and approve the map for Tract No. 53766 for the 3,701-square foot parcel abutting the northeast corner of East Broadway and The Promenade. (District 2)
DISCUSSION
In accordance with Long Beach Municipal Code Chapter 20.16, State of California Government Code Section 66458, applicable local subdivision ordinances and subsequent rulings, a final subdivision map conforming to State Subdivision Map Act requirements shall be approved by the City Council. The subdivider, Loft Developments, Inc., has submitted a duly certified final map of Tract No. 53766, which is in conformance with the above conditions and the subdivision requirements approved by the City Planning Commission and finalized on July 28,2002. The project, to be developed by Loft Developments, Inc., will renovate the vacant seven-story Insurance Exchange Building, including construction of a two-story penthouse unit, conversion of the second through seventh floors into twelve loft-style residential condominiums and development of the basement and first floor into a tavem/restaurant/banquet facility. A vicinity map is attached showing the location of the proposed development.
This matter was reviewed by Assistant City Attorney Michael J. Mais on March 18, 2005.
TIMING CONSIDERATIONS
[Timing Considerations]
FISCAL IMPACT
[Fiscal Impact]
SUGGESTED ACTION
Approve recommendation.
BODY
[Enter Body Here]
Respectfully Submitted,
[Respectfully Submitted,]