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12/07/2015 <br /> EXHIBIT "A" <br /> Housinq Impact Fees for Residential Development Prolects <br /> Calculation of Square Footage: Housing impact fees for residential projects shall be <br /> calculated using the net new square footage of Residential Floor Area for the dwelling unit <br /> to which the housing impact fee relates. <br /> As used in the Nexus Study, "Residential Floor Area" for Single-Family Detached Homes, <br /> Townhomes, Duplexes, and Triplexes includes all horizontal areas of the several floors of <br /> such buildings measured from the exterior faces of exterior walls or from the center line of <br /> party walls separating two (2) buildings, minus the horizontal areas of such buildings used <br /> exclusively for parking. <br /> As used in the Nexus Study, "Residential Floor Area" for Apartments and Condominiums <br /> includes all horizontal areas of the several floors of such buildings measured from the <br /> exterior faces of exterior walls or from the center line of party walls separating two (2) <br /> buildings, minus the horizontal areas of such buildings used exclusively for covered <br /> porches, patios, or other outdoor space, amenities and common space, parking, elevators, <br /> stairwells or stairs between floors, hallways, and between-unit circulation. <br /> Affordable Units: Square footage of units that are affordable in the moderate, low, very low, <br /> or extremely low income ranges are exempt from this calculation. For a unit to qualify as <br /> affordable, it must be deed-restricted. <br /> State Density Bonus: For Residential Development Projects that are granted a density <br /> bonus pursuant to California Government Code Section 65915 et seq. (the "State Density <br /> Bonus Law") and Chapter 32.19 of the Redwood City Municipal Code, the Housing Impact <br /> Fee shall apply to all market-rate units, including any additional market-rate units provided <br /> under the State Density Bonus Law and Chapter 32.19. The required Housing Impact Fee <br /> shall be reduced proportionately to the extent that any Affordable Units mitigate the market- <br /> rate units' impact on the need for affordable housing in the City. The Community <br /> Development Director may issue guidelines from time to time regarding the calculation of <br /> any fee reduction. <br /> Time of Payment: Fees shall be paid that are in effect at the time of issuance of the building <br /> permit for the residential development, based on the effective rate at the time of building <br /> permit issuance. <br /> ATTY/RES0.3148/CC RESO ESTABLISHING HOUSING IMPACT FEES RESO.#15462 <br /> REV:12-02-15 VR MUFF#100 <br /> Page 6 of 10 <br />