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File #: 13-0329    Version: 2 Name: Housing Impact Fee
Type: CC- Public Hearing Status: Agenda Ready
File created: 9/4/2013 In control: City Council
On agenda: 9/24/2013 Final action:
Title: PUBLIC HEARING - ADOPTION OF HOUSING IMPACT FEE AND AMENDMENT TO CITY CODE CHAPTER 21-02 (HOUSING ALLOCATION PLAN) REGARDING TIMING OF FEE PAYMENT BACKGROUND: When the City Council amended the Housing Allocation Plan in fall 2012, it directed completion of nexus studies and revision to the housing impact fee directed by the Housing Allocation Plan. The purpose of the nexus studies was to analyze the impact that market rate housing has on the need for affordable housing and to identify appropriate fees related to that impact. The nexus studies were completed in early 2013, and proposed fees for rental and for-sale housing units have been developed consistent with the studies’ findings. A housing impact fee is proposed to be charged on all new dwelling units, with fees for rental units based on the unit type (studio, 1 - 3 bedrooms) and fees for for-sale units based on the unit sales price. Fee payment for for-sale units is proposed no later than the close of escrow, which necessit...
Indexes: Exempt Project
Attachments: 1. Public Hearing Notice, 2. Staff Report, 3. Staff Report Attachment 1, 4. Staff Report Attachment 2, 5. Staff Report Attachment 3, 6. Staff Report Attachment 4, 7. Ordinance, 8. Resolution, 9. Power Point Presentation
Related files: 13-0639
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