HomeMy WebLinkAbout1993-09-21; City Council; Resolution 93-268I1
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RESOLUTION NO. 93-268
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF CARLSBAD, CALIFORNIA ESTABLISHING AN INCLUSIONARY HOUSING IN-LIEU FEE AND FORMULA FOR CALCULATING THE IN-LIEU FEE
WHEREAS, the City of Carlsbad has adopted
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of it's Regional Share housing objectives for lower-income 6
Inclusionary Housing Ordinance in order to enable the achieve:
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WHEREAS, the Inclusionary Housing Ordinance mand 8
moderate-income units; and 7
that a minimum of fifteen percent (15%) of all residential u
lo in any master plan, specific plan or residential subdivisio
11 reserved and affordable to lower-income households; and
12 WHEREAS, the Inclusionary Housing Ordinance speci
13 that all residential market rate dwelling units resulting fron
14 construction of rental or for-sale units shall be subjecl
15 inclusionary requirements; and
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WHEREAS, based upon a comprehensive strategy formul
to address the City's affordable housing needs over the sho
Imid-, and long-term buildout of the City, specific Inclusio
requirements (i.e.; construction of affordable units, paymen
in-lieu fees or payment of inclusionary housing impact fees)
been identified for various classes of residential projects;
WHEREAS, in order to be consistent with the Hot
Element of the General Plan and the Inclusionary HOL
Ordinance, the following classes of residential project:
permits shall be eligible to satisfy Inclusionary hol
requirements for lower income households through the paymer
the City of an In-lieu Fee:
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tentative map for the conversion of apartments to air-:
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condominiums, parcel map, planned unit development, I
development plan, conditional use permit, residential mobile :
park permit or redevelopment permit) of six (6) dwelling unit
less, for which the application was deemed complete on or a
the effective date of the Inclusionary Ordinance, and is apprl
after the effective date of the Inclusionary Ordinance:
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€5 7 I1 (2) Any residential tentative map or parcel
revision, including a tentative map revision for the conversio
apartments to air-SpaCe condominiums, of six (6) dwelling unit
less, for which the application was deemed complete on or a
the effective date Of the Inclusionary Ordinance, and is appr,
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after the effective date of the Inclusionary Ordinance;
(3) Any residential tentative map or parcel map of
(6) dwelling units Or less, approved on or after the effec.
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date of the Inclusionary Ordinance, and is subsequently apprc
for extension after the effective date of the Inclusiol
Ordinance:
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(4) Any residential planned unit development, !
development plan, conditional use permit, residential mobile 1
park permit or redevelopment permit for six (6) dwelling unit
less, approved on or after the effective date of the Inclusioi
Ordinance, and subsequently approved for amendment after
effective date of the Inclusionary Ordinance:
(5) Development of six (6) or fewer new mobile 1
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WHEREAS, the in-lieu fee to be paid for each market : 26
date of the Inclusionary Ordinance. 25
pads in a mobile home park, approved on or after the effec.
dwelling unit would be equal to fifteen percent (15%) of
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subsidy required to make affordable to a lower-income househ
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attached housing unit; and 2
for a thirty (30) year tenure, one newly constructed, tyy
3 WHEREAS, the required subsidy is based upon the finc *
Housing1!, prepared by an ad hoc committee composed of City E !j
of a 1991 economic study, "Economics of Developing Afforc
and private for-prof it and non-profit developers; and 6
7 WHEREAS, the findings of this 1991 economic study
8 been updated for 1993; and
9 WHEREAS, the formula for calculating the dollar vali
10 the in-lieu fee is included on Exhibit 112"; and
11 WHEREAS, based upon this formula, and current estin
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of the variables contained therein, the dollar value of thc
time to time by resolution of the City Council; and 16
112", the dollar value of the in-lieu fee would be adjusted 15
WHEREAS, consistent with the formula included on Exh 14
Lieu Fee would be $11,485.00 (see Exhibit 11311); and
17 WHEREAS, the in-lieu fee would be assessed against
18 ,market rate residential units subject to this fee: and
19 WHEREAS, the in-lieu fee would be required to be pa:
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the City at the time of building permit issuance or prior tc
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housing and reasonable costs of administration. 27
providing funding assistance for the provision of afforc 26
deposited in a Housing Trust Fund and used for the purpos 25
WHEREAS, the In-lieu Fee( s) paid to the City woul 24
condominiums: and 23
compliance for the conversion of existing apartments to air-s 22
recordation of a final map and/or issuance of certificat
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NOW, THEREFORE, BE IT RESOLVED by the City Council
City of Carlsbad as follows:
Ill. That the method for calculating the dollar vi
the Inclusionary Housing In-Lieu Fee, established by Municipi
Title 21, Section 21.85.050 In-Lieu Contributions, shall be
formula shown on Exhibit I12l1, a copy of which is affixed ar
a part hereto: and
2. That the input values for the variables contaj
the formula given in Exhibit 11311 shall be, and the reE
Inclusionary Housing In-Lieu Fee shall be, as shown in Exhib:
a copy of which is affixed and made a part hereto, and
3. The formula, input values, and fee shall
effective 60 days after the adoption of this resolution, ar
4. That the input values for the variables I
formula and the In-Lieu Fee would be reviewed annually and u
by resolution of the City Council."
PASSED, APPROVED AND ADOPTED at a regular meeting
City Council of the City of Carlsbad, California, on the 21s
of SEPTEMBER , 1993, by the following vote, to wit:
AYES : Council Members Lewis, Stanton, Kulchin, Nygaard, F
NOES : None
ABSENT : None
ATTEST:
1.4!c& A.L ALEITHA L. RAUTENKRANZ, City C*k
( SEAL)
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M-LIEU FEE FORMULA
X - - CA+B+C+D)E
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X - Dollar Value of In-Lieu Fee. -
A = The capital subsidy required to develop within the City of Carlsbad a
assisted 2 BR/1 BA, 850 sq. ft. condominium unit, and deed restrict the u
as affordable to a low income family of 3 for a 30 year tenure. *
B = The capital subsidy required to develop within the City of Carlsbad a
assisted 3 BR/2 BA, 1,100 sq. ft. condominium unit, and deed restrict 1
units affordable to a low income family of 4 for a 30 year tenure. *
C = The capital subsidy required to develop within the City of Carlsbad a
assisted 2 BW1 BA, 850 sq. ft. apartment unit, and deed restrict the unit
affordable to a low income family of 3 for a 30 year tenure. *
D = The capital subsidy required to develop within the City of Carlsbad b
assisted 3 BW2 BA, 1,100 sq. ft. apartment unit, and deed restrict the u:
as affordable to a low income family of 4 for a 30 year tenure. *
E - - 15% Inclusionary Requirement = .15
*I' Economics of the Development of Affordable Housing", City of Carlsbad, Decembl
1991.
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INPUTS TO IN-LIEU FEE FORMULA VARuiBLES
FORMULA:
X=(A+B+C+D)E
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TENANT SUBSIDY REQUIREMENTS BY UNIT SIZE FOR CARLSBAD
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unit Capital Subsidy Required Income
Size Level For-Sale Units Rental Units II I I I i 2BR/SIZE/lBA
850 SQ.FT.
3BW2BA
1,100 SQ.FT.
$92,943 $62,977 Low
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Low $86,843 $63,516
($63,516 + $62,977 + $86,843 + $92,9431.15 = $11,485.46
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X = $11,485.46