1 Vernice Hankins
From: Ellis Raskin <[email protected]>
Sent: Tuesday, April 11, 2023 11:53 AM
To: councilmtgitems; Gleam Davis; Lana Negrete; Phil Brock; Oscar de la Torre; Christine Parra; Caroline Torosis; Jesse Zwick
Subject: Agenda Item 16-D (Fractional Ownership)
EXTERNAL
Dear Hon. Councilmembers,
I strongly support the proposal advanced by Mayor Pro Tem. Negrete and Councilmembers Parra and Torrosis to direct the City Manager and City Attorney to return with options for regulating the fractional ownership of Single‐Family Homes and Condominiums.
As we continue to see the proliferation of corporate ownership of Santa Monica homes, these regulations will be essential tools for ensuring that our laws prioritize the wellbeing of our residents.
Best,
Ellis Raskin
Item 16.D
04/11/23
1 of 2 Item 16.D
04/11/23
From: Natalya Zernitskaya
To: councilmtgitems
Cc: Jesse Zwick; Gleam Davis; Caroline Torosis; Christine Parra; David White; Phil Brock; Lana Negrete; Oscar de la Torre; Attorney Mailbox
Subject: Santa Monica City Council Agenda 4/11/2023- Items 16B & 16D Date: Tuesday, April 11, 2023 1:32:56 PM
EXTERNAL
Good Afternoon Mayor Davis, Mayor Pro Tem Negrete, and City Councilmembers, I urge you to support both items 16B and 16D on tonight's agenda, to direct the City Manager & City Attorney to study and draft an ordinance that would guarantee healthcare workers a minimum wage of no less than $25/hr and to evaluate & develop recommendations related to fractional ownership of single-family homes and residential condos, respectively.
Regarding Item 16B, the past 3 years have shown us how vital healthcare workers are to the health and wellbeing of our community. Despite how important workers in this sector are, many are woefully underpaid and can't even afford to live in the community where they work.
The item, as drafted, directs the City Manager & City Attorney to study the issue and draft an ordinance guaranteeing healthcare workers (as defined) a minimum wage of $25/hr. Assuming a standard 40 hour workweek, that comes out to $52,000/year. We should take care of the healthcare workers who take care of all of us and supporting this item is an excellent step towards that goal.
Item 16D addresses a very important issue that Santa Monica has been faced with before, the use of our City's residential properties for vacation rentals rather than for residents. As we experienced with the rise of AirBnB and other vacation rental companies, our City should take care to ensure that our housing stock is occupied by residents, with minimal exceptions. The latest rising trend of fractional ownership of homes, which effectively creates a timeshare-like system for single family homes and residential condos, is an issue that can negatively impact existing and future residents by limiting the availability of homes available to longer-term residents. Newport Beach is already facing challenges due to fractional home ownership and is exploring the best options for their city. I urge the Council to get ahead of this issue before it becomes a significant problem and direct the City Manager & City Attorney to evaluate the options and develop recommendations for the best way to regulate fractional home ownership in Santa Monica.
Thank you for your consideration of these pressing issues before you tonight.
Sincerely,
Natalya Zernitskaya
Natalya Zernitskaya (she/her)
[email protected]
Item 16.D
04/11/23
2 of 2 Item 16.D
04/11/23