RES 82066 - Laserfiche WebLink

(ii) Subject Matter - The number of units allowed per year is mandatory. Beyond this, however, the agreement may include any other provision which may be necessary to promote the public health, safety aBd welfare and to conform the project to all General Plan goals and policies. It is anticipated that the following items may be included in the terms of the agreement: location of units approved by year or other phase timing of the project's on-site and off-site improvements treatment to be accorded if approved units in any given year are not built (d) Other Requirements - Every project receiving development approval by entering long-term agreements shall meet the following requirements: (i) $525 per dwelling unit fee to the Capital Improvement Fund. (ii) $400 per dwelling unit fee to the Lower- Income Housing Fund. Section 3. Yearly Allocation for Smaller Projects Process. (a) Setting the Yearly Allocation for Smaller Projects - The City Council shall meet once a year in September to establish the number of units which will be made available to projects not covered by long-term agreements or otherwise exempt. The number available shall be set as follows: (1) determine the allowable yearly growth, in units, based on the factors listed in Section 2-20.05(b), which shall be the annual housing target. (2) deduct from the total number of units (i) the lower-income housing set-aside as determined by the City Council pursuant to Section 2-20.05(b)(2) and (ii) all units approved for development in long-term agreements for that year; the remainder shall be the yearly allocation for smaller projects. For the 1982 building year, the yearly allocation for smaller projects shall be made as soon as feasible following adoption of the revised Growth Management Plan and this implementing resolution. Initially, no units will have been approved in long-term agreements. The City Council shall estimate the number of units it assumes it will make available for long-term agreements -4-