8F Consent 2021 1206 - Laserfiche WebLink

Home

File Number: 21-687 Park Impact Fees collected would be $8,291,590, if fees are paid in FY2021-2022. The Park Impact Fees are increased every year on July 1 to account for inflation, as measured by the San Francisco Bay Area Consumer Price Index for All Urban Consumers or the Construction Cost Index, whichever is higher at the time of adjustment. Because the Park Impact Fees are due at the time the certificate of occupancy is issued, it is possible that the amount of fees owed by the Projects will increase if certificates of occupancy are not issued until FY 2022-2023 or later. The proposed resolution would authorize the fee waiver to increase proportionately based on future increases to the rate of the Park Impact Fees (i.e., a 5% increase in the fee rate will also result in a 5% increase in the total dollar amount of the fee waiver). The City Council has the discretion to waive impact fees for particular projects, and it is not unusual for a city to decide to waive some or all of the fees for affordable housing projects. Providing a partial fee waiver for the Projects will help make these affordable housing developments more financially feasible and further the City’s goal of creating more affordable housing units. If the City Council decides to partially waive the Park Impact Fees for the Projects, that will not create binding precedent for future applicants. The currently established Park Impact Fee will continue to apply to all new residential development projects, and future requests for fee waivers will continue to be considered on a case-by-case basis. Current Agency Policies ·Advance projects and programs promoting sustainable economic development, including transforming San Leandro into a center for innovation ·Support and implement programs, activities and strengthen communication that enhances the quality of life and wellness, celebrates the arts and diversity and promotes civic pride Applicable General Plan Policies ·General Plan Housing Element GOAL 53: AFFORDABLE HOUSING DEVELOPMENT Increase the supply of ownership and rental housing in San Leandro affordable to extremely low, very low, low, and moderate income households. o Policy 53.06 NEW RENTAL HOUSING Strongly encourage the development of additional rental housing in the City, including both market rate units and affordable units. It should be recognized that many market rate rentals meet the affordability criteria for moderate income households. Expanded production could increase the supply of workforce housing and address the deficit in housing production for households earning between 60 and 120 percent of the area median income. §Action 53.03 B: Support for Non-Profit and For-Profit Affordable Housing Developers - Continue to provide support and information to non-profit and for-profit developers seeking to create affordable housing in San Leandro, including assistance in applications for Low Income Housing Tax Credits, Mortgage Revenue Bonds, Affordable Housing Program funds, and other funding sources. Page 3 City of San Leandro Printed on 12/2/2021 154