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05/21/2018 <br />EXHIBIT "A" <br />Housinq In -Lieu Fees for Residential Development Otherwise Reauired to Provide <br />Affordable Housina Onsite Under Article 29 of the Zonina Ordinance <br />Housing in -lieu fees for residential projects shall be calculated per affordable unit <br />otherwise required. If a fractional unit is required under Zoning Ordinance Article 29 <br />(Affordable Housing Ordinance), the fraction shall be applied to the per unit fee. <br />Rental Proiects - Amount of Fee: The fee shall be $400,000/affordable unit for rental <br />projects. For example if a project requires 5.3 affordable units, the required in -lieu fee <br />shall be: <br />($400,000 x 5.3) = $2,120,000 <br />Ownership Proiects - Fee Amount: Prior to a decision on the planning permits for a <br />residential development, the applicant shall provide an affordability gap analysis <br />consistent with Section 29.8 (Alternatives) of the Zoning Ordinance demonstrating that <br />the in -lieu fee is adequate to cover the cost of providing at least an equivalent number of <br />affordable units as would otherwise be required under Article 29. <br />Time of Pavment: Fees shall be paid that are in effect at the time of issuance of the <br />building permit for the residential development, based on the effective rate at the time of <br />building permit issuance. <br />ATTY/RESO.0042/HOUSING IN -LIEU FEES RESO. NO. 15664 <br />REV: 05-15-18 PR MUFF NO. 301 <br />Page 3 of 3 <br />