RES 98140 - Laserfiche WebLink

CITY COUNCIL OF THE CITY OF PLEASANTON ALAMEDA COUNTY, CALIFORNIA RESOLUTION NO. 98-140 RESOLUTION AMENDING THE MASTER FEE SCHEDULE (RESOLUTION 92-100) TO INCREASE THE LOWER INCOME HOUSING FEE WHEREAS, the City Council has previously adopted a Master Fee Schedule, by Resolution 92-100, as amended, which set a Development Impact Fee for Lower Income Housing; and WHEREAS, the continuing growth of new residential, commercial and industrial development in the City of Pleasanton is reducing the amount of undeveloped land available for affordable housing, while at the same time generating jobs which employ low and moderate income persons; and WHEREAS, the cost of ownership and rental housing is increasing in the City of Pleasanton, resulting in a shortfall of affordable housing for low and moderate income persons; and WHEREAS, General Plan Housing Element Policy 6 establishes a target of 15% of housing stock at full development to be available to lower-income persons, and current levels of production are insufficient to meet this policy; and WHEREAS, beginning in 1997, staff undertook a study of the City's existing Lower Income Housing Fee to determine if the amount being charged was sufficient to address affordable housing needs created by new development; and WHEREAS, the City's Affordable Housing Commission held a series of public hearings on July 17, 1997, August 21, 1997, September 18, 1997, October 16, 1997, March 19, 1998, April 2, 1998, and April 16, 1998 to consider: the need for affordable housing generated by new commercial, office and industrial development; the loss of undeveloped land available for affordable housing due to the production of market-rate housing; the cost of providing ownership and rental housing; and the amount of the fee necessary to have new development pay for its fair share of affordable housing; and