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Resolution No. 97-105 <br />Page Two <br /> <br />Section 1: City Council approves a waiver of the following City fees for all 540 units <br /> in the project, estimated at approximately $2.1 million: Growth <br /> Management/Public Needs, Growth Management/Capital Facilities, Capital <br /> Improvement Program, and Residential Construction Fee; the fees shall be <br /> waived without reimbursement to the General Fund from the Lower Income <br /> Housing Fund. <br /> <br />Section 2: The total fee waiver is summarized below (the actual mount of the fee <br /> waiver will be based on the fees that are in effect at the time building <br /> permits are obtained): <br /> <br /> Fee Type/Amount Per Unit Total <br /> <br /> Growth Management/Public Needs $ 750/unit $ 405,000 <br /> Growth Management/Capital Facilities $2,400/unit $1,296,000 <br /> Capital Improvement Program $ 525/unit $ 283,500 <br /> Residential Construction Fee $125/bedroom $ 117~000 <br /> <br /> Total Estimated Fee Waiver $3,893/unit ~u.l.OakO~ <br /> <br />Section 3: This resolution shall become effective immediately upon its passage and <br /> adoption. <br /> <br /> I HEREBY CERTIFY THAT THE FOREGOING WAS DULY AND <br />REGULARLY ADOPTED BY THE CITY COUNCIL OF THE CITY OF <br />PLEASANTON, AT A MEETING HELD ON SEPTEMBER 2, 1997 BY THE <br />FOLLOWING VOTE: <br /> <br /> <br />