RES 94129 - Laserfiche WebLink

CITY COUNCIL OF THE CITY OF PLEASANTON ALAMEDA COUNTY, CALIFORNIA RESOLLrrION NO. 9~.-129 A RESOLUllON FINDING 'IllAT LOWER-INCOME HOUSING FLINDS ARE COMMITfle2D TO A PARTICULAR PROJECT WHEREAS, Government Code §66001(d), effective January 1, 1989, requires the City to make findings once each fiscal year with respect to any portion of a fee remaining unexpended or uncommitted in its account five or more years after deposit of the fee, and to identify the purpose to which the fee is to be put and to demonsIrate a reasonable relationship between the fee and the purpose for which it was charged; and stuff has reviewed the development fees collected between January 1, 1989 and June 30, 1989 to determine if any such development fees remain unexpended or uncommitted; and WHEREAS, staff has found that no development impact fees for this period remain anexpended or uncemmitted; and WHEREAS, otherrcwenues, however, were received or generated bythe City'sLower-Income Housing Fund during this pedod; and previously the City Council has made a commitment of $2.9 million to assist in the construction of the Case Avenue project, a lower income housing project scheduled to begin construction in 1994 or 1995; and WHEREAS, the $2.9 m~lion commitment exceeds the ~venues remaining in the Lower- Income Housing Fund received or generals between January l, 1989 and June 30, 1989; NOW, THEREFOE, THE CITY COUNCIL OF THE CITY OF PLEASANTON RESOLVES AS FOLLOWS: The City Council finds as follows: Affordable housing is needed to implement the goals and objectives of ~e City's Housing Element of the General Plan; The City's objective for meeting the lower income housing needs identified in the City's General Plan, caused by the developmeat of residential, commewial and industrial land uses, can be assisted by the monetary exaction of the lower-income housing fee on new development;