Reso 2026-069 Rent Program Fees - Laserfiche WebLink

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RESOLUTION NO. 2026-069 2 WHEREAS, the Rent Program is a new program with no existing fee revenue base, and startup funding is required to cover program expenditures in advance of the collection of program fee revenues in the first registration cycle; and WHEREAS, the City Council finds it appropriate for the General Fund to loan $2,230,500 to the Rent Program Special Revenue Fund at an annual interest rate of 4.03%, established by averaging the daily U.S. Treasury par yield curve rates for the 5-year and 7-year constant maturity securities for each business day in April 2026, and that the interest rate represents a fair and auditable market rate for the General Fund loan, consistent with the City’s obligation to ensure that interfund loans reflect an appropriate cost of funds; and WHEREAS, the City Council finds that establishing Rent Program fees and approving the General Fund loan are necessary to operationalize the Rent Program and fulfill the City’s obligations under Chapters 4-45 and 4-46 of the San Leandro Municipal Code; and WHEREAS, Chapters 4-45 and 4-46 authorize the City to impose penalties on landlords who fail to timely submit annual registration statements and fee payments; the City Council finds it appropriate to establish a tiered late registration penalty schedule that escalates based on the duration of non- compliance, designed to incentivize timely compliance while providing meaningful enforcement consequences for persistent non-compliance. NOW, THEREFORE, the City Council of the City of San Leandro does RESOLVE as follows: 1. Recitals. The above recitals are true, correct, and incorporated into this Resolution. 2. Fee Study Approved. After considering the Fee Study dated May 12, 2026, the testimony received at the public hearing, related documents, and all correspondence received (collectively, the “Record”), the City Council approves and adopts the Fee Study and incorporates such Fee Study by reference herein. 3. Findings. The City Council finds that the Fee Study and the Record establish: a. The purpose of the Rent Program fees established by this Resolution is to reimburse the City for the reasonable costs of administering the Rental Registry (Chapter 4-45) and the Residential Rent Stabilization program (Chapter 4-46). b. The full cost recovery fee amounts of $149 and $109 per unit per year do not exceed the estimated reasonable cost of providing the corresponding regulatory services, as documented in the Fee Study. c. The fees do not exceed the estimated reasonable cost of providing the corresponding regulatory services based on the actual FY 2027 program budget. d. There is a reasonable relationship between the fees imposed and the regulatory activities performed for, or required as a result of the actions of, the persons upon whom the fees are imposed.