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Z �! Town of Los Altos Hills January 8, 2004 Staff Report to the Planning Commission RE: TOWN REQUIREMENTS FOR SELLING PROPERTY IN PORTOLA VALLEY. FROM: Angelica Herrera Olivera, Assistant Planner Oft. APPROVED BY: Carl Cahill, Planning Director C,C. RECOMMENDATION That the Planning Commission: 1. Review the attached Ordinance No. 1970-100, Residential Data Report, and accompanying literature. BACKGROUND On November 13, 2003, the Planning Commission reviewed and approved an application for a Site Development Permit to legalize an existing nonconforming pool patio and hardscape improvements and Variances to exceed the MDA and to encroach into the 30-foot side yard setback. During the Commission's discussion, staff was asked whether real estate agents were required to research property microfiche records and provide proof of permits or disclosure statements to prospective sellers. jStaff queried several Towns similar to Los Altos Hills and found that the Town of Portola Valley has an ordinance that requires a property owner or authorized representative to obtain from the City a report of the residential building record showing the regularly authorized use, occupancy, and zoning classification of the property, prior to entering into an agreement of sale or exchange of any residential building. The intent of the ordinance is to protect the unwary buyer of residential property against undisclosed restrictions on the use of the property. The property owner or his authorized agent submit an application and fee to the City and the City provides a report containing all available information regarding the residential building record, valid for a period not to exceed six months from the date of issuance. The property owner or authorized representative is responsible for the delivery of the report to the buyer or transferee of the residential building prior to the sale or exchange. The buyer or transferee executes a receipt, provided by the City, and returns the receipt to the City as evidence of compliance with the provisions of the ordinance. Staff is available to answer any questions that the Commission or the public may have. ATTACHMENTS 1. Ordinance No. 1970-100; An Ordinance of the Town of Portola Valley Relating to Reports of Residential Building Records (4 pages); 2. Town of Portola.Valley Residential Data Report dated December 16, 2003 (4 pages); 3. Printout of the Town of Portola Valley's Website on Town Requirements for Selling Property in Portola Valley(1 page).