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• Support the production of affordable housing in alignment with the Strategic Plan <br />and Housing Element; <br />• Fund needed infrastructure and facilities by collecting impact fees that help offset <br />the cost of those necessary investments; <br />• Support the City’s long-term fiscal and economic health by ensuring that <br />Pleasanton is an attractive and viable location for investment that can help to <br />grow and sustain long-term revenues. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />Broadly, there are four approaches the City Council could consider in setting the fees <br />(including the inclusionary rate, which directly affects the affordable housing in-lieu fee): <br /> <br />1. Set the fees at the maximum rate and hold or increase the inclusionary rate – this <br />would theoretically maximize the funds available to help support the City’s capital <br />improvement program, keep or increase inclusionary rates, and charge <br />affordable housing fees at the maximum supportable rates. However, as <br />described, such fees would make most new development infeasible and in <br />practice generate little new short-term or long-term revenues. <br /> <br />If the Council wished to reduce fees below the maximums computed through the fee <br />studies, this could be accomplished by: <br /> <br />2. Substantially reducing the “cost drivers” that are the basis for the overall program <br />of new facilities, capacity enhancements, and other elements identified as being <br />necessary to support new growth; and/or reducing inclusionary housing rates. <br />While the fees would be scaled back to reflect the more modest capital program, <br />E i & Pl i S EPS PPT Presentation|6 <br /> <br />Housing <br />Public Infrastructure <br />& Facilities <br />Economic & <br />Fiscal Health