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05/21/2018 RESOLUTION NO. 15664 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDWOOD CITY ESTABLISHING HOUSING IN -LIEU FEES FOR PROJECTS THAT ARE OTHERWISE REQUIRED TO PROVIDE AFFORDABLE UNITS ONSITE WHEREAS, on October 24, 2014, the City Council of the City of Redwood City adopted its 2015-2023 Housing Element which contemplates, among other things, an ordinance to provide a mechanism to increase the supply of affordable housing in the City pursuant to Housing Element Programs H-3 and H-14; and WHEREAS, to implement the affordable housing goals, policies and programs of the City's 2015-2023 Housing Element, the City Council has considered and introduced on this same date an inclusionary housing ordinance that, among other things, requires the construction of onsite affordable housing with residential projects of a certain size to increase the amount of affordable housing in the City (the "Affordable Housing Ordinance"), to be incorporated into a new Article 29 of the Zoning Ordinance; and WHEREAS, the City has received and considered reports from Baird + Driskell Planning that estimate the cost of providing each unit of affordable housing; and WHEREAS, to accurately reflect the cost of providing the affordable housing, an affordable housing in -lieu fee ("in -lieu fee") is permitted for projects meeting certain requirements as determined by the Affordable Housing Ordinance; and WHEREAS, the Affordable Housing Ordinance authorizes the City Council to adopt by resolution in -lieu fees for certain residential projects subject to the Affordable Housing Ordinance that are not providing onsite affordable housing, or where the calculation of the number of required affordable units results in a fraction; and WHEREAS, at least ten days prior to the date this resolution is being heard, data was made available to the public indicating the amount of cost, or estimated cost, required to provide the service for which the fee or service charge is levied and the revenue sources anticipated to provide the service, including general fund revenues, in accordance with Government Code Section 66019; and WHEREAS, at least fourteen days prior to the date this resolution is being heard, notice was provided to any persons or organizations who had requested notice, in accordance with Government Code Section 66019; and ATTY/RESO.0042/HOUSING IN -LIEU FEES RESO. NO. 15664 REV: 05-15-18 PR MUFF NO. 301 Page 1 of 3