RES 11436 - Laserfiche WebLink

B -10 1 -680 SB HOV lane Gap Closure, North Main to Livorna B -11 1 -680 Express Bus /HOV On- and Off -Ramps B -11 b 1 -680 Transit Corridor Improvements WHEREAS, TVTC, by Resolution Nos. 2008 -05 and 2011 -01, directed each of the signatories of the JEPA to collect the following development fees, which are less than those determined by the Study to be necessary for the designated Fiscal Years and land uses, which fees are less than those determined by the Study to be necessary to fund the unfunded cost of the projects in List A as 1 priority and List B as 2 priority; and WHEREAS, the TVTC acknowledges the need for the creation of additional housing in the Tri- Valley that is affordable to very low, low, and moderate income households as defined respectively in the State of California Health and Safety Codes Sections 50105, 5007.5, and 50093 or as amended; and WHEREAS, the State of California Housing and Community Development (HCD) encourages affordable housing to remain deed restricted for 45 years for single family residences and 55 years or longer for multi - family projects and by affordability covenants recorded on the property; and WHEREAS, TVTC waives the TVTD fee for all very low, low and moderate income affordable housing units meeting the applicable State of California Health and Safety Code Sections requirements and having a minimum affordability term of 45 years (single family) and 55 (multi - family) and based on the percentage of affordable housing units to the total number of units in the project; and WHEREAS, the Joint Exercise of Powers Agreement specifies that the Fee amounts are to be adjusted automatically on an annual basis to reflect changes in regional construction costs. The amount of the adjustment is based on the changes in the "Construction Cost Index" (CCI) for the San Francisco Bay Area, as reported annually in the Engineering News Record (ENR); and WHEREAS, the subject application is considered "Not a Project" pursuant to Section 15378 (Project) of the California Environmental Quality Act of 1970, as amended; and is therefore exempt from further environmental analysis. NOW, THEREFORE BE IT RESOLVED THAT THE CITY COUNCIL OF THE CITY OF PLEASANTON DOES RESOLVE, DECLARE, DETERMINE AND ORDER THE FOLLOWING: Section 1: Adopts the regional impact fees, as requested by TVTC, and collects these fees from any development that would be granted a Land Use Entitlement for each of the designated land uses for the Fiscal Years indicated, and finds that said Fee Schedule is determined by the Study to be necessary to generate sufficient revenue to fund portions of the unfunded cost of the listed Projects: FY 2010/2011 through December 31, 2011 Fee Schedule (Existing /No Change) Fee Per Unit Single Family Homes $2,170 Du* Multi - Family Homes $1,380 Du* Office $3,890 1,000 sf Retail $1,450 1,000 sf