Laserfiche WebLink
TOWN OF TRUCKEE <br /> California • <br /> RESOLUTION 2016-10 <br /> A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF TRUCKEE <br /> APPROVING AN UPDATED AFFORDABLE HOUSING IN-LIEU FEE BASED ON THE <br /> APPROVED GUIDELINES AND PROCEDURES <br /> WHEREAS, the Town Council on May 3, 2007 adopted Ordinance No. 2007-05 <br /> establishing inclusionary requirements for affordable housing on residential projects and on <br /> February 5, 2009 adopted Ordinance No. 2008-09 establishing requirements for affordable <br /> housing on non-residential projects ; and <br /> WHEREAS, Ordinances No. 2007-05 and No. 2008-09 include provisions for payment of <br /> fees in-lieu of constructing their required affordable housing; and <br /> WHEREAS, Sections 18.214.040.E.4 and 18.216.040.F.4 of the Development Code <br /> state that the amounts, calculation, and timing of payment of the affordable housing in-lieu fee <br /> shall be established by resolution of the Town Council; and <br /> WHEREAS, the Town Council on April 2, 2009 adopted Resolution No. 2009-13 to set <br /> ' the amount of the in-lieu fee and to establish guidelines and procedures for the administration of <br /> the affordable housing in-lieu fee program; and <br /> WHEREAS, Resolution No. 2009-13, Exhibit A states that the Town Council may modify <br /> the fee by resolution based on an annual review to determine if the fee should be updated <br /> based on changes to land costs, construction costs, Town affordable housing goals, and other <br /> relevant factors; and <br /> WHEREAS, based on a review of the housing in-lieu fee program completed by Bay <br /> Area Economics on March 2, 2011, it was determined by Town staff that the existing in-lieu fees <br /> should be modified by resolution to reflect current market conditions; and <br /> WHEREAS, the Town Council on September 1, 2011 adopted Resolution No. 2011-42 <br /> to update the affordable housing in-lieu fee and administrative guidelines and procedures and to <br /> establish an annual process for updating the in-lieu fee described in Exhibit C of the Resolution; <br /> and <br /> WHEREAS, the Town Council on September 11, 2012 adopted Resolution No. 2012-37 <br /> to update the affordable housing in-lieu fee and administrative guidelines and procedures and <br /> updated the annual process for updating the in-lieu fee described in Exhibit C of the Resolution; <br /> and <br /> WHEREAS, the Town Council on October 22, 2013 found the existing housing in-lieu <br /> fee program completed by Bay Area Economics is no longer reflective of the Truckee market <br /> and directed staff to research updated methods and indices for the future updates of the <br /> affordable housing in-lieu fee; and <br />