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Background <br />& Approach <br />•Mitigation Fee Act: nexus between <br />development impacts & fees <br />•Recent legislation (e.g., AB 602): <br />square footage & service levels- <br />based fees <br />•Consultant: NBS <br />Defensible Fees <br />•Comprehensively review development <br />impact fees (DIF) <br />•Evaluate opportunities to fund key <br />infrastructure & facilities that support <br />future growth while ensuring market <br />feasibility for development <br />•Housing Element calls for removal of <br />governmental constraints <br />Market Feasibility <br />Maximize Revenue Facilitate Development <br />•Financial Impact: development <br />feasibility by product type <br />•Market Conditions: assess today’s <br />market & compare to similar cities <br />•Consultant: Bay Area Economics <br />•Fund Infrastructure: necessary to <br />serve new development <br />•Evaluate New Fees: consider <br />planned capital needs <br />•Constraints: Lessen or remove <br />governmental constraints to new <br />development per adopted 2023- <br />2031 Housing Element <br />3