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File Number: 15-580 <br />inclusion of housing affordable to moderate, low, and/or very low income households in <br />new housing developments or the payment of an in-lieu fee which creates a funding <br />source for affordable housing. Modify ordinances as needed to make these <br />requirements clearer and more effective. <br />§Action 53.04-A: Housing Nexus Study <br />Prepare a nexus study, either independently or collaboratively with other <br />cities, to support an adjustment to the inclusionary housing in-lieu fee <br />and/or an Affordable Rental Housing Impact Fee. <br />Legal Analysis <br />The City Attorney reviewed the MOU and approved it as to form. <br />Fiscal Impacts <br />This nexus study will cost the City an amount that will not exceed $32,000. The City Council <br />appropriated $40,000 for the preparation of a nexus study in the approved FY2015-16 City <br />Budget for the Housing Services Division (Account 010-41-004-5120). Therefore the City’s <br />pro-rated base rate of $32,000 for the nexus study reflects a cost savings for the City. <br />ATTACHMENT <br />Attachment to Resolution <br />· Memorandum of Understanding with Silicon Valley Community Foundation <br />PREPARED BY: Tom Liao, Deputy Community Development Director, Community <br />Development Department <br />Page 5 City of San Leandro Printed on 10/27/2015