AgdaPkt 2018-06-25 Joint SA PFA - Laserfiche WebLink

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12/07/2015 WHEREAS, the City Council has reviewed the information contained in this Resolution and the accompanying staff report and any attachments at a meeting held on October 26, 2015; and WHEREAS, the City Council has reviewed the changes to the resolution per their direction at a meeting on December 7, 2015. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Redwood City as follows: 1. The foregoing recitals are true and correct and incorporated into this Resolution by this reference. 2. The findings of the Nexus Study have been considered and are hereby incorporated into this Resolution by this reference. 3. The facts and substantial evidence in the record establish that there is a reasonable relationship between the need for affordable housing and the impacts of the development described in the Nexus Study for which the corresponding fee is charged, and that there is also a reasonable relationship befinreen the housing impact fee's use and the type of development for which the fee is charged, as is described in more detail in the Nexus Study. 4. The Nexus Study sets forth cost estimates, in 2015 dollars, that are reasonable for constructing affordable housing, and the fees expected to be generated by new development will not exceed these costs. 5. The City Council hereby adopts those housing impact fees for residential development projects shown on Exhibit"A", attached hereto and incorporated by reference herein. 6. The City Council hereby adopts those housing impact fees for nonresidential development projects shown on Exhibit"B", attached hereto and incorporated by reference herein. 7. All housing impact fees collected shall be deposited into the City's Affordable Housing Fund to be used to increase and preserve the supply of housing affordable to households of extremely low, very low, low, and moderate incomes (including necessary administrative costs). 8. The City Council hereby adopts the "Land Use Exemptions" set forth in Exhibit "C", attached hereto and incorporated by reference herein. 9. The City Council may review housing impact fees from time to time. For any annual period during which the City Council does not review the housing impact fee, fee amounts shall be adjusted once by the community development director based on the ATTY/RES0.3148/CC RESO ESTABLISHING HOUSING IMPACT FEES RESO.#15462 REV:12-02-15 VR MUFF#100 Page 3 of 30 6.4.A. - Page 43