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Home My WebLink About1993-09-21; City Council; Resolution 93-269a 0 EXH 1 2 3 4 RESOLUTION NO. 93-269 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD, CALIFORNIA ESTABLISHING AN INCLUSIONARY HOUSING IMPACT FEE AND FORMULA FOR CALCULATING THE IMPACT FEE WHEREAS, the City of Carlsbad has adopted 5 that a minimum of fifteen percent (15%) of all residential u 9 WHEREAS, the Inclusionary Housing Ordinance mand 8 moderate-income units; and 7 of it's Regional Share housing objectives for lower-income 6 Inclusionary Housing Ordinance in order to enable the achieve 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 16 17 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 19 requirements (i.e.; construction of affordable units, paymen 20 in-lieu fees or payment of inclusionary housing impact fees) 21 been identified for various classes of residential projects; 22 WHEREAS, in order to be consistent with the Hou 23 Element of the General Plan and the Inclusionary Hou 24 Ordinance, the following classes of residential projects shal 25 eligible to satisfy Inclusionary housing requirements for 1 26 income households through the payment to the City of 27 Inclusionary Housing Impact Fee: 28 l8 ~ (1) Residential projects, of any size, establis individual lots or dwelling units (i.e.; tentative maps, tenta /I 0 0 maps for the conversion of apartments to air-space condomini parcel maps, planned unit developments, site development pl conditional use permits, residential mobile home park permits redevelopment permits) , for which the application was accepted 1 2 3 4 deemed complete prior to the effective date of the Inclusio Ordinance: 5 6 7 II (2) Single family residential projects, (i tentative maps and parcel maps) of any size, for which discretionary approvals, except site development plans, granted on or before the effective date of the Inclusio Ordinance and site development plans are subsequently require a condition Of the prior approval, and are approved after 8 9 10 11 I.2 lleffective date of the Inclusionary Ordinance; 13 14 (3) A residential tentative map or parcel map revis of any size, including a tentative map revision for the conver l5 /of apartments to air-space condominiums, for which the applica l6 //is deemed complete prior to the effective date of the Inclusio 17 18 Ordinance, and is approved on, before or after the effective of the Inclusionary Ordinance: 19 11 I (4) Any residential tentative map or parcel map 2o 21 which the application is deemed complete prior to the effec date of the Inclusionary Ordinance, which is approved on, be “I/or after the effective date of the Inclusionary Ordinance, an 23 24 effective date of the Inclusionary Ordinance; SubseWently approved for extension on, before or after 25 il (5) Any residential planned unit development, 26 Ildevelopment plan, conditional use permit, residential mobile 27 lipark permit, or redevelopment permit, for which the applicatic 28 I! II 2 II 0 0 /I //deemed complete prior to the effective date of the Inclusic l IIOrdinance, which is approved on, before or after the effec 2 3 4 5 6 date of the Inclusionary Ordinance, and is subsequently app: for amendment on, before or after the effective date of Inclusionary Ordinance; and WHEREAS, the impact fee to be paid for each market dwelling unit would be equal to fifteen percent (15%) of 7 llsubsidy required to make affordable to a lower-income housc 8 9 10 the market-rate rent at a typical existing apartment for a pe of thirty (30) years ; and WHEREAS, this subsidy would be based upon the C: 11 12 13 determination of the average subsidy that would be require make affordable, rents for typical one-, two-, three-, and j bedroom apartments: and 14 11 WHEREAS, the average subsidy shall be weighted for l5 llactual demand for housing, by number of bedrooms, as determine 16 17 18 I’ the InClUSiOnary Housing Impact Fee is included on Exhibit 20 land the applications for lower-income affordable housing qualifiec approved by the City; and WHEREAS, the formula for calculating the dollar Val1 21 I1 WHEREAS, based upon this formula, and the CUI 22 the Inclusionary Housing Impact Fee would be $2,925.00 for fi 23 estimates of the variables contained therein, the dollar valu assessed against all approved, but unbuilt market rate residen 26 WHEREAS, the Inclusionary Housing Impact Fee woul 25 year 1993-1994 (see Exhibit If3I1) ; and 24 27 Ilunits subject to this fee; and 28 3 0 0 WHEREAS, the Inclusionary Housing Impact Fee woul required to be paid to the City, as an individual fee, on a 1 2 3 4 5 6 market-rate dwelling unit basis at the time of building PC issuance, or prior to the recordation of final map and/or issc of certificate of compliance for conversions of exis apartments to airspace condominiums; and WHEREAS, consistent with the formula included on Ex1 7 11 tt211, the dollar value of the Inclusionary Housing Impact Fee P 8 9 10 11 12 be adjusted yearly by resolution of the City Council: and WHEREAS, the Inclusionary Housing Impact Fee(s) paj the City would be deposited in a Housing Trust Fund and used the purpose of providing funding assistance for the provisic affordable housing and reasonable costs of administration. 13 11 NOW, THEREFORE, BE IT RESOLVED by the City Counci 1411 the City of Carlsbad as follows: l5 Ii "1. That the method for calculating the dollar Val1 l6 11 the Inclusionary Housing Impact Fee, established by Municipal 17/1Title 21, Section 21.85.060 Inclusionary Housing Impact Fee, E l8 1 be by the formula shown on Exhibit t121t, a copy of which is afi 19 i 2o 1 and made a part hereto; and 2. That the input values for the variables containc 211i the formula given in Exhibit I12lt shall be, and the resul 22 23 24 3. The formula, input values, and fee shall bc 25 effective 60 days after the adoption of this resolution: anc 26 Inclusionary Housing Impact Fee shall be, as shown in Exhibit a copy of which is affixed and made a part hereto: and ... 27 28 I1 4 ll I/ 0 e 4. That the input values for the variables of the for and the Impact Fee would be updated annually by resolution of City Council e #I 1 2 3 11 PASSED, APPROVED AND ADOPTED at a regular mee *Ilof the City Council of the City of Carlsbad, California, on 5 /j 21st day of SEPTEMBER , 1993, by the following vote 6 Ilwit: - 7 a 9 AYES: Council Members Lewis, Stanton, Kulchin, Nygaard NOES: Council Member Finnila ABSENT : None 10 11 12 13 ABSTAIN: l4 IJATTEST: 15 I 16 ALe m{TEelkrk I" 19 18 (SEAL) I 20 21 22 23 24 25 I1 26 27 28 I1 5 0 0 I INCLUSIONARY HOUSING IMPACT FEE FORMULAS 1. F = T (S, + S, + S, + S,) E F = Dollar Value of Inclusionary Housing Impact Fee. T = Unit Tenure of Affordability = 360 months (30 years). s2 = Annual Rental Subsidy Required for a 2 Person Low Inco: s3 = Annual Rental Subsidy Required for a 3 Person Low Inco s4 = Annual Rental Subsidy Required for a 4 Person Low Inco s, = Annual Rental Subsidy Required for a 5 Person Low Incol Household. Household. Household. Household. E - - 15% Inclusionary Requirement = .15 2. s2 = H, (R, - 1,) s3 = H, (R, - 13) s4 = H3 (R3 - 1,J s5 = H, (R4 - 1,) % = Percent of Total Households on Carlsbad's Section 8 Waiting L Eligible for a 1 Bedroom unit. H, = Percent of Total Households on Carlsbad's Section 8 Waiting L Eligible for a 2 Bedroom Unit. H3 = Percent of Total Households on Carlsbad's Section 8 Waiting L Eligible for a 3 Bedroom Unit. H, = Percent of Total Households on Carlsbad's Section 8 Waiting L Eligible for a 4 Bedroom Unit. Rl = Average Monthly Rental Rate in Carlsbad for a 1 Bedroom Apartme (HUD) Fair Market Rents for the San Diego MSA). e 0 R, = Average Monthly Rental Rate in Carlsbad for a 2 Bedroom Apartm (HUD) Fair Market Rents for the San Diego MSA). R3 = Average Monthly Rental Rate in Carlsbad for a 3 Bedroom Apartm R4 = Average Monthly Rental Rate in Carlsbad for a 4 Bedroom Apartm 12 = Monthly Rental Income Available for a 2 Person Low Incc I3 = Monthly Rental Income Available for 3 Person Low Income Househ I4 = Monthly Rental Income Available for a 4 Person Low Inco 1s = Monthly Rental Income Available for a 5 Person Low Inco (HUD Fair Market Rents for the San Diego MSA). (HUD Fair Market Rents for the San Diego MSA). Household (HUD Income Limits for the San Diego MSA). (HUD Income Limits for the San Diego MSA). Household (HUD Income Limits for the San Diego MSA). Household (HUD Income Limits for the San Diego MSA). -2- 0 0 EXHIf INPUTS TO IMPACT FEE FORMULA VARIABLES FORMULA - 3L S = H (R-I) S = Rental Subsidy Required by Household Size. H = % of Total Households on Carlsbad's Section 8 Waiting List Eligible fox Bedroom (33%), 2 Bedroom (32Oh), 3 Bedroom (28%) or 4 Bedroom (7' units. R = Average Monthly Rent in Carlsbad for a 1 Bedroom ($556), 2 Bedroo ($695), 3 Bedroom ($966) and 4 Bedroom ($1139) Apartment (HUD F; Market Rents for the San Diego Region - 1993). I = Monthly Rental Income Available for a Low Income Household of 2 Perso. ($673), 3 Persons ($7461, 4 Persons ($834) and 5 Persons ($893) (HC Income Limits for the San Diego MSA - 1993). s2 - -33 ($556 - $673) - - - $38.61* s3 - -32 ($695 - $746) - - - $16.32* s, - -28 ($966 - $834) - - $36.96 SS - -07 ($1139 - $893) - - $1 7.22 - - - - FORMULA - 2 F = T (S, + S, + S, + S,) E F = Dollar Value of Inclusionary Housing Impact Fee. T = Unit Tenure of Availability - - 360 Months - 15% Inclusionary Requirement = .15 E 360 ($.O + $.O + $36.96 + $17.22) .15 = $2925.72 F = $2925.72. - * hy rental subsidy which is less than or equal to $0 shall be equal to $8.