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12/21/2020 Impact Fee section of the Fees Report; and D. The approximate date on which the funding is expected to be deposited into the appropriate fund is listed in Table H, at the end of the Parks Impact Fee section of the Fees Report. 3. Affordable Housing Impact Fee Findings. With respect to the unexpended Affordable Housing Impact Fee funds as of June 30, 2020, this Council hereby finds, determines, and declares, in compliance with California Government Code Section 66001(d)(1)(A through D): A. The purpose of the Affordable Housing Impact Fee is to (1) enhance the public welfare by imposing a residential and nonresidential development project housing impact fee whereby developers of residential and nonresidential development projects will mitigate the impacts of their projects on the need for affordable housing by contributing to the supply of housing for households with very low, low, and moderate incomes; and (2) implement the Housing Element by creating a mechanism to provide benefits to the community from new development in the form of affordable housing, thereby helping to meet the needs of all socioeconomic elements of the community as provided in the Housing Element; B. The reasonable relationship between the Affordable Housing Fee and the purpose for which it is charged was developed starting in October 2014. At its October 24, 2014 meeting, the City Council 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. To implement the affordable housing goals, policies and programs of the Housing Element, the City Council considered and introduced on this same date an affordable housing ordinance that, among other things, authorizes the imposition of housing impact fees for certain residential and nonresidential development projects to ATTY/RESO.0151/CC RESO ACCEPTING THE DEVELOPMENT IMPACT FEES FY 19-20 RESO. NO. 15925 REV: 12-14-2020 PR MUFF NO. 501 Page 4 of 5