AgdaPkt 2007-09-10 - Laserfiche WebLink

Browse Search

7B Page 5 IN-LtEU FEE ORDINANCES Input with respecf to the propased park standard and in-lieu fee has run the gamut from, "it wil[ halt development" and, "Redwood City is buiff out and has no room far aclditiona( parkland" to "3 acres per 1,000 is what we have now and we already know that is not enaugh." In general, it is fair to say thaf there has been less issue with a 3 acre/1,000 resident standard than the particulars of the cafculation method for the in-lieu fee, the total cosf of the fee and what credits, exemptions and discounts might be available to developers. Wi�h respect to these issues; same general themes ran through rriany of aur conversations. Within this report "developers" will be used fa signify those individuals or groups that wouid be expected ta or represent those that would pay the �roposed in I#eu fee. The Council Finance Committee served as our sounding board #ar bringing forward a standard and an in-iieu fee recommendation. The foliowing idenfii��s the v�rious issues they discussed and their specific recammendations which have been included in the ordinance language. The resulting Quimby Act Implementation Ordinance and Parks lmpact Fee Ordinance are included as Attachment 3 and 4. Amaunt of Fee Staff found that developers were generally more interested in considering fhe impact of the proposed fees on their most recent project rather than considering the comparison cities used in the revamped CORO study. AI! of our contacts in the deveiopment community felt that the ful! fee or even the previously proposed $0% fee was tao high and could inhibit the creation of housing in the City, despite the fact that it would place us in the mid-range of CORO study cities. The Council Finance Cammittee (Committee) is recommending that the City Counci! impose a park dedication, in-lieu fee, and impact fee at 50% of the maximum rate justified by the Nexus Study. Tabie 5: Maximum and 5Q% Maximum Allowable Park Fee Dwelling Units/Acre Low, 1-7 Medium, 8-20 High, 21 + Bedroom Addition Residential Type Owned/ Owned Rental Owned Rental Bedroom Rental Maximum Fee $19,995 $16,784 $17,983 $13;189 $17,474 $1,fi96 50% Maximum Fee 9,998 8;392 8,947 6,595 8,737 848 Affordable Hausina The Hausing and Human Concerns Committee was contacted in this regard. They put forward a specifc formula for discounts with respect to cer�ain affordable housing types to support the creation of more affordable housing. Developers feit that affordable housing should be exempt from the fee. While they understand that the new housing will have an impact on parks, the cost to them to create the affordable units makes the additional fees on these units prohibitive. The Cam.mittee recommends that affordable housing units be exempt.