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Tentative Tract Map No. 2005-06 July 25, 2005 Page 2 A tentative tract map is being filed for condominium purposes, which will allow the vacant industrial building to be subdivided into five individual condominium units on Parcell. Units will range in size from 7,000 to 10,000 square feet in size and include private parking, loading and storage areas. Parcel 1 will provide common landscaping, parking, and access for the proposed industrial condos. Covenants, Conditions and Restrictions (CC&Rs) will be recorded with the parcel to ensure that the property functions as an integrated development. A total of 67 parking spaces are required for the project site, with a total of 69 common parking spaces provided. The Floor Area Ratio (FAR) for Parcel 1 is .40, which is less than the 0.45 FAR allowed by the General Plan (Exhibit 4) Analysis of the Issues The proposed subdivision will have no detrimental effects on the land uses as prescribed by the General Plan as the proj ect will serve only to consolidate existing property lines and create condominium airspace rights. It is a common lot type development with ownership of the industrial units and common area access, parking and landscaped areas. The property is zoned Light Industrial (M1) which allows for the proposed manufacturing uses. Parcel 1 will be 2.5 acres, a size that accommodates the proposed uses and exceeds the 12,000 square feet minimum required by the Light Industrial (M1) zoning district. The project will serve as an upgrade to a previously vacant and underutilized building and will not alter existing building square footage. The proposed industrial condominiums will create a multi-tenant business park that will continue to provide direct support to the City's industrial base. In order to facilitate the future transfer of Parcel 2 and avoid the creation of a landlocked parcel, a condition has been added which requires that the new parcel be merged with an adjacent property prior to the final recordation of the proposed tract map. The subdivision is consistent with the City'S General Plan and complies with the Subdivision Map Act and Chapters 34 and 41 of the Santa Ana Municipal Code. No variances are required for the proposed proj ect. Covenants, Conditions and Restrictions (CC&Rs), addressing site drainage, reciprocal access, landscaping, maintenance and utility easements will be recorded prior to approval of the final map. The recording of the final map will also be required prior to the sale of any individual units. 31 B-3