September 24, 2020 Breaking News, Latest News, and Videos

Santa Monica City Council Deals For Parking Spaces In Parking Structure 4:

Hoping to provide visitors to the downtown with a few more parking spaces without erecting a new facility, the Santa Monica City Council last week tabbed City Manager Rod Gould to acquire up to 204 stalls in Parking Structure 4. Those spaces are currently “reserved and underutilized” but could be made available to the general public under the proposed agreement.

Once the deal is finalized, City Hall would have access to the 204 parking spaces through Aug. 31, 2031.

City Hall currently has an agreement with 1299 Ocean LLC, the lessee whom currently uses 204 of Parking Structure 4’s 304 spaces.

“The proposed parking agreement amendment would make up to 204 reserved and underutilized parking spaces in Parking Structure 4 available to the public,” a staff report to council members stated. “In return for relinquishing reserved spaces and using only the amount of spaces that are needed by tenants, the City would pay 1299 Ocean LLC … $20 per month for each space not used.”

City Hall entered into an agreement with developer Teleklew Productions, Inc., in 1979, which “paid for and constructed three and one-half levels of parking onto existing Parking Structure No. 4.” Only 100 spaces were dedicated for public use. Teleklew committed to pay City Hall $7.35 per space per month, or $18,000 per year. That amount has since increased to $17.04 per space per month, or $41,713.92 per year.

In 1998, the contract was transferred to 1299 Ocean LLC.

After a 1981 amendment, the 40-year agreement was set to expire Aug. 31, 2021. Under this new contract, the agreement with 1299 Ocean LLC will be extended 10 years.

“During the extended ten-year period, the Lessee would be allowed to purchase up to 204 spaces at the then-current monthly rate, at locations to be determined by the City, with the City making a good-faith effort to locate the spaces in close proximity to the office building and with no obligation to pay the Lessee for any unclaimed parking spaces,” the staff report continued.

The 204 spaces were located on the upper levels of the structure and were dedicated to tenant use; each space was marked “reserved” during weekdays for tenants of 1299 Ocean Avenue.

However, many of the tenants did not actually use the reserved spaces, instead occupying public spaces on lower levels.

“The Lessee’s parking permit holders avoid the reserved parking area and park on the lower parking levels, leaving the reserved area largely vacant and unavailable to the public because of the signage designating the parking spaces as reserved during weekdays,” the staff report stated.

As part of the new agreement, all “reserved” signage will be removed.

Also, 1299 Ocean LLC “may purchase up to 204 parking permits per month for its tenants at 1299 Ocean Avenue” at $17.04 per month, an amount that will increase “annually by the Consumer Price Index.”

City Hall will reimburse 1299 Ocean LLC $20 per space per month for every stall (up to 204) it does not purchase.

According to City Hall, it “will be able to re-sell these parking spaces to monthly parkers, or make the spaces available to daily parkers, at the City’s discretion.”

While the City of Santa Monica earns $41,713.92 per year for these 204 parking spaces, staff told council members the amount does not fully cover maintenance expenses.

“Upon approval of this Agreement, the City will be able to sell additional parking permits, netting the City … $96.56 per month for daily users for each parking space that (1299 Ocean LLC) relinquishes,” according to staff. “Assuming 1299 Ocean LLC relinquishes 100 parking spaces, the City would net from $21,072 to $115,872 in additional revenue per year.”

Parking Structure 4 is located at 1321 Second Street in the downtown.

in News
Related Posts

Santa Monica Loses Vegan Restaurant

September 23, 2020

September 23, 2020

Space housing Santa Monica vegan restaurant Viva Vegan up for lease By Sam Catanzaro A vegan restaurant in Santa Monica...

Risks Posed by Wildfire Smoke

September 22, 2020

September 22, 2020

UCLA pulmonologist on how people can tell if the wildfires are making them sick By Toi Creel Even if you...

Will Los Angeles County See Another Spike in COVID-19 Cases?

September 22, 2020

September 22, 2020

County health officials keeping close eye on data this week By Sam Catanzaro Los Angeles County health officials are monitoring...

Edify TV: Santa Monica Fire Department Fighting Blazes Across State

September 21, 2020

September 21, 2020

The Santa Monica Fire Department has been busy helping combat wildfires burning throughout the state. Learn more in this video...

Lawmakers and Residents Take Steps Towards Police Reform

September 21, 2020

September 21, 2020

Santa Monica residents will soon have more control of policing after local lawmakers took significant steps to reform the Santa...

2020 Census Due September 30th: Santa Monica Beat – September, 21, 2020

September 21, 2020

September 21, 2020

Local news and culture in under 5 minutes. * 2020 Census Due September 30th * Bobcat Fire Reaches Historical Size...

UCLA Medical Center, Santa Monica Offers Free “Living With Diabetes” Zoom Patient Conference

September 21, 2020

September 21, 2020

By Staff Writer Although the novel coronavirus has dominated the health space this year, other diseases — like diabetes —...

SMa.r.t. Column: Spending and Pension Policies Are Undermining Our City’s Future

September 21, 2020

September 21, 2020

Our guest columnist this week is Marc L. Verville. He is a native of Santa Monica, now lives in Sunset...

4.6 Quake Felt in Santa Monica

September 19, 2020

September 19, 2020

4.6 magnitude quake recorded Friday night By Sam Catanzaro A 4.6 magnitude earthquake struck the San Gabriel Valley Friday sending...

Edify TV: Miramar Santa Monica Redevelopment

September 18, 2020

September 18, 2020

The Santa Monica skyline may look different in the future with a major redevelopment of the Fairmont Miramar Hotel &...

‘Fresh Prince Of Bel Air’ Mansion For Rent On AirBnb

September 18, 2020

September 18, 2020

Today on Westside Cribz, 30th anniversary of “The Fresh Prince of Bel Air” Airbnb is renting out the mansion for...

SMMUSD Kindergarten Enrollment Down 20% : Santa Monica Beat – September, 17, 2020

September 17, 2020

September 17, 2020

Local news and culture in under 5 minutes. * SMMUSD Kindergarten Enrollment Down 20% * As Covid-19 Cases Drop Will...

Edify TV: Sit-down Dining Safety?

September 17, 2020

September 17, 2020

Despite a recent CDC report stating the risks of in-person dining, many Westside restaurant patrons feel the experience is safe....

Sur La Table Closing Santa Monica Location

September 16, 2020

September 16, 2020

1930s building listed for lease By Sam Catanzaro Sur La Table, the popular kitchenware retail chain, is closing its downtown...

Death by Suicide at Santa Monica Place

September 16, 2020

September 16, 2020

Man dies by suicide Wednesday morning By Sam Catanzaro A man died by suicide at Santa Monica Place mall Wednesday....