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a. Affordable Housing Exemption: Provide a TVTD Fee exemption for all very low, low, and moderate income affordable housing units meeting the applicable State of California Health and Safety Code section requirements and having a minimum affordability term of 55 years (for multi family) and 45 (for single family) based on the percentage of affordable housing units to the total number of units in the project. b. Correction of the "Other" Fee Category: Provides a correction to how this fee category is calculated in the TVTD Fee schedule, to be consistent with its original intent to be equivalently reflective of the true cost per trip. c. Administration: Amend the administrative fee language to provide a mechanism to fund administrative services, allowing for the one -half of the one percent of the TVTDF collected to be used towards the provision of administrative staffing services. The other one -half of the one percent would continue to be used for the provision of Treasurer Services. d. Fee Deferral: Incorporate a reference to the new state legislation that allows local jurisdictions to defer the collection of fees until Building Occupancy. Next Steps JEPA Amendment Process An amendment to the TVTC JEPA requires unanimous approval of all seven member jurisdictions, and any amendments that require adjustment to the TVTDF involves a three -step process: Step 1 Local Approval: In this first step, all member jurisdictions are asked to support the proposed amendment and authorize their representative to endorse the proposal at an upcoming TVTC meeting. Step 2 TVTC Approval: Next, the TVTC will take formal action on the proposed amendment(s) at a noticed public hearing. Step 3 Local Adoption: Lastly, any TVTDF adjustments approved by the TVTC require local implementation through an ordinance amendment. Submitt by: Fiscal Review: Approv d by: Brian Dolan David P. Culver Nelson Fialho Director of Director of Finance City Manager Community Development Attachments: 1. Resolution Page 3 of 3