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Page 3 of 7 City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.org and purpose of the Transportation Impact Fee Ordinance as set forth in Redwood City Municipal Code Section 18.244. 2. Park Impact Fee2 The Park Impact Fee is a one-time charge that the City charges on new residential and non-residential development to fund the installation, acquisition, construction, and improvement of park improvements listed in the Park Impact Fee Project List, including the acquisition of land necessary for such improvements. The purpose is to augment recreational opportunities through the improvement of the City’s parks system to compensate for increased demand for City parks brought about by new development and the associated increase in population. 3. Affordable Housing Impact Fee3 The Affordable Housing Impact Fee is a one-time charge that the City charges on new non-residential development with more than five thousand (5,000) square feet of net new construction or residential development projects between five (5) to nineteen (19) units. The fee is used to mitigate the impact of development projects on the need for affordable housing in the City, by fully funding or subsidizing the construction, rehabilitation and/or preservation of housing that is affordable to extremely, very low, low, and moderate incomes, consistent with the goals and policies contained in the City’s Housing Element. The fee may also be used to fund the preparation of related technical studies. Description of In-Lieu Fee Programs The City has three in-lieu fee programs, including Downtown Parking, Affordable Housing, and Art in Public Places. These in-lieu fees provide developers with an option to satisfy on-site requirements with a one- time payment. 1. Downtown Parking In-Lieu4 The Downtown Parking In-Lieu Fee allows new developments located within the Downtown Parking Zone, subject to the eligibility requirements of the program, to provide a fee payment in lieu of providing parking spaces onsite. The fee is used to expand the capacity of parking spaces for public use within the Downtown Parking Zone and may also be used to manage demand for parking through the creation of a Transportation Demand Management program. 2. Affordable Housing In-Lieu5 The City accepts payment of an Affordable Housing In-Lieu Fee for fractional units resulting from the calculation of inclusionary requirements. The City may also accept payments for an Affordable Housing In-Lieu Fee in place of construction of on-site units if certain findings can be made pursuant to Section 29.8.B. of the City’s zoning code. The fee is established by resolution of the City Council and updated from time to time. Affordable housing in-lieu fees shall not exceed the fractional cost of providing an affordable unit. The in-lieu fee and the Affordable Housing 2 https://library.municode.com/ca/redwood_city/codes/city_code?nodeId=CH18LOIMPL_ARTXVIPAIMFE 3 https://library.municode.com/ca/redwood_city/codes/zoning_code?nodeId=ART29REAFHO_29.5PAHOIMFE 4 https://library.municode.com/ca/redwood_city/codes/zoning_code?nodeId=ART30OREPALO_30.3EUPAFE 5 https://library.municode.com/ca/redwood_city/codes/zoning_code?nodeId=ART29REAFHO_29.4REINAFHO 6.A. - Page 3 of 55 8