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ATTY/ORD/2018/ORD.469/ADOPTING ARTICLE 29 & AMENDING SECTION 32.19 <br />REV: 05-15-18 PR <br />Page 21 of 28 <br />Exhibit B <br /> [Municipal Code Article XVII (Affordable Housing Impact Fee) of Chapter 18 (Local Improvements and Planning is repealed and shall be marked as “Reserved” as shown below] Article XVII. - AFFORDABLE HOUSING IMPACT FEERESERVED Sec. 18.266. - SHORT TITLE, AUTHORITY, AND APPLICABILITY: A. This Article shall be known and may be cited as the "Affordable Housing Ordinance." B. The fees established pursuant to this Article are adopted under the authority of California Constitution Article XI, Section 7, which provides: "A county or city may make and enforce within its limits all local, police, sanitary, and other ordinances and regulations not in conflict with general laws," and in accordance with the findings set forth in the ordinance codified in this Article. C. This Article shall apply to the extent permitted by the statutes and laws of the State of California. (Ord. No. 2417, § 2, 12-7-15) Sec. 18.267. - PURPOSE: A. The purpose of this Article is to: Enhance the public welfare by imposing a residential and nonresidential development project housing impact fee whereby developers of residential and nonresidential development projects and smaller residential projects will mitigate the impacts of their projects on the need for affordable housing by contributing to the supply of housing for households with very low, low, and moderate incomes; and Implement the Housing Element by creating a mechanism to provide benefits to the community from new development in the form of affordable housing, thereby helping to meet the needs of all socioeconomic elements of the community as provided in the Housing Element. (Ord. No. 2417, § 2, 12-7-15) Sec. 18.268. - DEFINITIONS: The following words and terms as used in this Article shall have the meaning respectively ascribed thereto: "Affordable housing fund" means a fund or account designated by the City to maintain and account for all monies received pursuant to this Article. "Affordable ownership cost" means the sales price of a for-sale affordable unit resulting in projected average monthly housing payments, during the first calendar year of a household's occupancy, including interest, principal, mortgage insurance, property taxes, homeowners insurance, homeowners' association dues, if any, and a reasonable allowance for utilities, property maintenance, and repairs, not exceeding the sales prices specified by Section 50052.5 of the California Health and Safety Code and California Code of Regulations Title 25, Sections 6910-6924. "Affordable rent" means the total monthly housing expenses for a rental affordable unit not exceeding the rents specified by Section 50053 of the California Health and Safety Code and <br />7.A. - Page 36