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29.10 Housing Fund <br />A. Establishment of the Fund. There is hereby established in the City of Redwood City an <br />"Affordable Housing Fund." All affordable housing impact fees or other funds collected under <br />this Article, including payment of any in -lieu fees, shall be deposited into the City's Affordable <br />Housing Fund. <br />B. Use of Funds. The monies in the Affordable Housing Fund and all earnings from investment <br />of the moneys in the Fund shall be expended exclusively to provide housing affordable to <br />extremely low income, very low income, lower income, and moderate income households in <br />the City, consistent with the goals and policies contained in the City's Housing Element and <br />the purposes for which the fees were collected, and for administration and compliance <br />monitoring of the affordable housing program. <br />C. Guidelines. The City Council may, from time to time, adopt guidelines for expenditure of <br />monies in the affordable housing fund. <br />29.11 Enforcement <br />A. Payment Obligation. Payment of the housing impact fee is the obligation of the developer for <br />a residential or nonresidential development project. The City may institute any appropriate <br />legal actions or proceedings necessary to ensure compliance herewith, including, but not <br />limited to, actions to revoke, deny, or suspend any permit or development approval. <br />B. City Attorney Enforcement. The City Attorney shall be authorized to enforce the provisions <br />of this Article and all affordable housing agreements, regulatory agreements, and all other <br />covenants or restrictions placed on affordable units, by civil action and any other proceeding <br />or method permitted by law. <br />C. Developer Responsibility. Failure of any official or agency to enforce the requirements of this <br />Article shall not excuse any developer or owner from the requirements of this Article. No <br />permit, license, map, or other approval or entitlement for a residential development shall be <br />issued, including without limitation a final inspection or certificate of occupancy, until all <br />applicable requirements of this Article have been satisfied. <br />D. Remedies. The remedies provided for in this Section shall be cumulative and not exclusive <br />and shall not preclude the City from any other remedy or relief to which it otherwise would <br />be entitled under law or equity. <br />ATTY/RESO.0032/PC RESO RECOMMENDING COUNCIL TO ADOPT ARTICLE 29 AFFORDABLE HOUSING <br />REV: 05-07-18 PR <br />Page 12 of 18 <br />