PC 07/16/80 - Laserfiche WebLink

Special Meeting Planning Commission July 16, 1980 Commissioner Getty then asked if this would modify the figures. Mr. Harris stated it wouldn't need to and that much of the material for this report comes from the housing survey conducted earlier in the year. Page 20 Commissioner Jamieson asked Mr. Glenn how the last paragraph on Page 20 would be implemented. Mr. Glenn stated that the City can put interested people in touch with the proper people. Mr. Glenn stated everyone in the Planning Division would assist in acting as liason. Page 19, Program 5 Chairperson Wilson stated he strongly objects to this as it puts the burden on any new home purchaser. Mr. Harris stated it would be very difficult to get current homeowners to contribute to such a fund because as long as they are not asking the City for anything, the City has no leverage to use. Commissioner Getty talked about $130/DU and isn't that a lot of money. Mr. Glenn stated there is about $100,000 collected and there would probably be one-half million dollars collected over the next three years. Chairperson Wilson said that what Commissioner Getty is talking about is how much money it would take at the buildout point, i.e., would it be three million dollars or just what amount. Chairperson Wilson then asked who received the interest on the $100,000 currently set aside; did it go into the general fund or was it added to the $100,000. Mr. Glenn stated it is his understanding the interest stayed with the $100,000 but he could confirm this. (This was confirmed 7/17/80). Mr. Harris suggested that with regard to Implementation Program 4 and 5 the word "moderate" be stricken. Commissioner Lindsey asked the alternative in assessing the developers for new houses and Mr. Harris stated anything else would have to be voluntary. Page 21, Implementation Program 8 Commissioner Doherty stated the City should be careful with this Implementation Program. Page 22 Commissioner Jamieson stated that concerning the third paragraph, first line, "as of" should be stricken. The Commissioners agreed by implication that this should be removed. Commissioner Getty asked about the use of the money. Mr. Harris explained that money would be used to encourage housing for lower income persons. He cited Joe Madden's development as an example. He stated that State financing might be available if units are constructed and he gives up his right to rent them for xxxx years. He said further it could be used to subsidize rents. Commissioner Getty asked if there was going to be a big problem created. Mr. Harris stated there has been some interest expressed by Shapell and that care would have to be exercised in disbursing these funds.. -6- .._._. .. ~._... .._ .. .... .._..~_. _._... _., , ...... .....~.., .._. ,.. ~ __ ..__._.. _... .......T._. _.... ._ _.