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Planning Commission recommends exempting the smallest lots and temporary fee relief for small‑lot land‑value recapture
Summary
After hours of public testimony, the Planning Commission voted unanimously to recommend City Council exempt 1–2‑unit small lots from land value recapture (LVR), direct staff to explore zoning incentives, and approve a temporary reduced fee for 3–4 unit small lots (recommendation included 24 months at $40/sf as proposed by the commission).
The Hermosa Beach Planning Commission on Nov. 18 recommended that City Council adjust the city—s land value recapture (LVR) ordinance to address feasibility concerns on small commercial lots converted to residential or mixed use.
Staff explained that the LVR ordinance, adopted in January 2024 and effective August 1, 2024, requires developers on housing‑element overlay sites to either build on‑site affordable housing or pay an LVR fee (tier 1: $76 per square foot for 1–4 unit small lots; tier 2: $104 per square foot for 5+ units). Staff told commissioners the program has…
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