Attachment 1
RESOLUTION NO. 2024-35
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CORONADO, CALIFORNIA, ADOPTING THE 2024
APARTMENT VACANCY FACTOR PURSUANT TO
SUBSECTION 82.40.100(F) OF THE CORONADO MUNICIPAL
CODE
WHEREAS, Subsection 82.40.100(F) of the City of Coronado Municipal Code requires the City Council to annually adopt the Apartment Vacancy Rate; and WHEREAS, properties with three or more units are considered an apartment complex; and
WHEREAS, City staff compiled a list of properties with three or more units and directly mailed the Apartment Vacancy Factor surveys to the apartment owners in both February and April of 2024; and
WHEREAS, the City surveyed owners of the apartment rental housing stock as outlined in the staff report dated June 4, 2024, in order to dentine the Apartment Vacancy Factor for 2024; and
WHEREAS, the City received a useable response regarding 1,224 of the approximately 1,630 apartments in the City. This response accounts for approximately 75% of the apartment units in Coronado; and
WHEREAS, the Apartment Vacancy Factor for 2024 was calculated at 1.21%. A 30-year history of the Apartment Vacancy Factor attached hereto as “Exhibit A”.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Coronado that the project is hereby determined to be exempt from the requirements of CEQA pursuant to State CEQA guidelines §15061(b)(3) because it can be seen with certainty that the action would not have the potential for causing a significant effect on the environment.
NOW, THEREFORE, BE IT FURTHER RESOLVED by the City Council of the City of Coronado that the Apartment Vacancy Factor for 2024 is determined to be 1.21%.
Attachment 1
PASSED, ADOPTED, AND APPROVED, by the City Council of the City of Coronado, California, at a regular meeting thereof this fourth day of June 2024, by the following votes, to wit:
AYES:
NAYS:
ABSTAIN:
ABSENT:
APPROVED:
RICHARD BAILEY, Mayor of the
City of Coronado, California
ATTEST
KELSEA HOLIAN, City Clerk of the
City of Coronado, California
Attachment 1
Exhibit A
APARTMENT VACANCY FACTORY HISTORY CHART
Year Resolution # Vacancy Factor Response %
1993 7230 5% 76%
1994 7290 2% 75%
1995 7360 1% 74%
1996 7422 1% 75%
1997 7488A 1% 71%
1998 7546 0.30% 70%
1999 7625 0.60% 70%
2000 7687 4% 70%
2001 7761 0.40% 73%
2002 7822 0.70% 63%
2003 7913 1% 63%
2004 7977 1% 62%
2005 8070 1% 63%
2006 8132 1% 62%
2007 8204 1% 71%
2008 8278 1% 72%
2009 7340 1% 60%
2010 8412 1% 51%
2011 8473 4% 55%
2012 8541 2% 55%
2013 8621 1% 53%
2014 8660 1% 25%
2015 8733 1% 58%
2016 8797 1% 63%
2017 8852 1% 75%
2018 8924 1.40% 85%
2019 8994 3.70% 80%
2020 2020-19 1% 72%
2021 2021-10 2% 45%
2022 2022-16 1.70% 45.20%
2023 2023-19 2.02% 72.60%