HomeMy WebLinkAbout1996-07-23; City Council; Resolution 96-261v
L
L
1
2
3
4
5
6
7
8
9
IO
11
12
I 3
14
15
16
17
18
19
2o
21
22
23
24
25
26
27
28
e 0
RESOLUTION NO. 9 6 - 2 6 1
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF CARLSBAD, CALIFORNIA, ESTABLISHING AN
GRANTING A REFUND THEREOF.
INCLUSIONARY HOUSING IN-LIEU FEE AND
WHEREAS, the City of Carlsbad has adopted an Inclusionary Housing Ordinanc
order to enable the achievement of it's Regional Share housing objectives for lower-inc
units; and
WHEREAS, the Inclusionary Housing Ordinance mandates that a minimum of fiJ
percent (1 5%) of all residential units in any master plan, specific plan or residential subdivj
be reserved and affordable to lower-income households; and
WHEREAS, the Inclusionary Housing Ordinance specifies that all residential ma
rate dwelling units resulting from new construction of rental or for-sale units shall be subjel
inclusionary requirements; and
WHEREAS, based upon a comprehensive strategy formulated to address the C
affordable housing needs over the short-mid, and long-term buildout of the City, spel
inclusionary requirements @e., construction of affordable units, payment of in-lieu fee!
payment of inclusionary housing impact fees) have been identified for various classe:
residential projects; and
WHEREAS, the City Council is authorized by Carlsbad Municipal Code Sec
21 35.050 to establish the amount of the in-lieu fee from time to time by resolution; and
WHEREAS, the in-lieu fee to be paid for each market rate dwelling unit should be ec
to fifteen percent (15%) of the subsidy required to make affordable to a lower-incc
household, for a fifty-five (55) year tenure, one newly constructed, typical attached hou
1
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
0 0
unit; and
WHEREAS, an appropriate measure of this subsidy is the actual local subsidy reqi
by the Villa Loma Affordable housing project to construct lower-income affordable units; a
WHEREAS, this required subsidy is also the cost of an Affordable Housing Cred
defined by the City Council in City Council Policy No. 58; and
WHEREAS, this required subsidy is currently approximately $30,100; and
WHEREAS, 15% of this required subsidy would currently result in an In-lieu Fe
approximately $4,5 15 per market rate unit; and
WHEREAS, pursuant to Carlsbad Municipal Code Section 21 35.050 the In-Lieu
will be applicable to and assessed against all market rate residential units which have bee
will be subject to this fee; and
WHEREAS, the In-Lieu Fee is required to be paid to the City at the time of buil
permit issuance or prior to the recordation of a final map and/or issuance of certificatt
compliance for the conversion of existing apartments to air-space condominiums; and
WHEREAS, the In-Lieu Fee paid to the City would be deposited in a Housing T
Fund and used for the purpose of providing funding assistance for the provision of afford,
housing and reasonable costs of administration, in accordance with the City’s General 1
Housing Element.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Carls
as follows:
1. That the amount of the Inclusionary Housing In-Lieu Fee, established by Munic
Code Title 21, Section 21.85.050 In-Lieu Fee Contributions, shall be 15% of the cost oj
Affordable Housing Credit in the Villa Loma affordable housing project which is the sub!
2
I,
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
2o
21
22
23
24
25
26
27
28
e *
requirement to construct a low-income affordable housing unit; and
2. A refund of the In-lieu fee paid by Pacific Pointe (CT 94-02/PUD 94-01) on Jan1
18, 1995, under protest is hereby approved in the amount of $41,820 (the difference betv
the prior fee and the amount established by this action).
3. The In-Lieu Fee shall hereafter be updated as part of the annual adoption of 1
fees by resolution of the City Council.
4. This action results in a decrease of an existing development fee and shall be effec
immediately.
PASSED, APPROVED AND ADOPTED at a regular meeting of the City Counc
, 1996, by the following votl the City of Carlsbad, California, on the 23rd day of
wit:
JULY
AYES:
NOES: None
ABSENT: None
ABSTAIN: None
Council Members Lewis, Nygaard, Kulchin, Finnila, Hall
ATTEST:
&!&&x! QL-4- 7 ALETHA L. RAUTENKRANZ, City Clerk!
(SEAL)
3