CC MIN 08202024 WORKSHOP - Laserfiche WebLink

Mayor Brown opened public comment. The following individuals provided comment: Jan Coleman -Knight, Kellene Cousins. Mayor Brown closed the public comment. The City Council provided direction to proceed with the recommendation and to make the program broad enough in scope to include potential use of the fund for art -based community programs and art grants, and to prioritize installation, maintenance, and acquisition of public art. a. Provide direction on key policy considerations for an update of the Inclusionary Zoning Ordinance and affordable housing fee Presentation by Ellen Clark, Director of Community Development and consultant Megan Gregory with Economic and Planning Systems. Mayor Brown opened public comment. There being no speakers, Mayor Brown closed the public comment. Mayor Brown recessed the workshop at 6:40 p.m. with the meeting to resume after the conclusion of the regular meeting in order to finalize the City Council's direction regarding item 1 a. The workshop reconvened at 9:50 p.m. The City Council provided direction as follows: 1. Inclusionary rate for for -sale and rental projects Establish a 15% inclusionary rate for both rental and for -sale projects (all unit types), with rental units at 60% Area Median Income (low-income) and for -sale projects at 120% AMI (moderate income). Reduce "threshold" project size for residential developments subject to IZO from 15 to 10 units. Bring back for City Council consideration, as part of the future affordable housing fee rate discussion: o Consideration of an interim measure to stimulate multi -family housing production, allow rental apartment projects to pay fees in lieu of constructing on-site housing for up to 30% of the required units, for up to two years. o An option for rental projects that includes units at 50% and 60% AMI 2. Amount of the affordable housing fee • Establish an affordable housing in -lieu fee for projects not subject to inclusionary requirements, or otherwise permitted to pay in -lieu fees, of up to City Council Minutes Page 2 of 3 August 20, 2024