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File #: 13-0600    Version: 1 Name: Housing Impact Fees
Type: CC- Report Status: Agenda Ready
File created: 11/22/2013 In control: City Council
On agenda: 12/10/2013 Final action: 12/10/2013
Title: REPORT - ADOPTION OF HOUSING IMPACT FEE AND AMENDMENT TO THE CITY CODE CHAPTER 21-02 (HOUSING ALLOCATION PLAN) REGARDING TIMING OF FEE PAYMENT BACKGROUND: On September 24, 2013, the City Council held a public hearing in consideration of revised housing impact fees for rental and for-sale housing units and revision to the city code to change the timing of payment of the fee for for-sale units to the close of escrow. The Council requested more information about the impact of the fee on smaller units and how a future fee might be revenue neutral. Based on an analysis of fee options, the fee for for-sale units is proposed to be 2.5% of unit sales price, and the fee for rental units is proposed to remain based on unit square footage, with no change except for charging the fee for units less than 910 square feet. RECOMMENDATION: It is recommended by the Departments of Community Development and Economic Development and Housing that the City Council introduce an ordinance amending City Cod...
Indexes: Exempt Project
Attachments: 1. Staff Report, 2. Staff Report Attachment 1 - Nexus-Based Affordable Housing Fee Analysis for Rental Housing, 3. Staff Report Attachment 2 - Nexus-Based Affordable Housing Fee Analysis for For Sale Housing, 4. Staff Report Attachment 3 - Proposed Fee Schedule for For Sale Housing, 5. Staff Report Attachment 4 - Housing Allocation Plan Fees from Current Fee Schedule, 6. Staff Report Attachment 5 - Correspondence, 7. Resolution, 8. Resolution Exhibit, 9. Ordinance, 10. Presentation
Related files: 13-0639
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