09 To Activate Full Implementation of the Workforce Housing Requirements

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TOWN OF TRUCKEF California 1z414*4J1k11191*1ViW*11rA A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF TRUCKEE TO ACTIVATE FULL IMPLEMENTATION OF THE WORKFORCE HOUSING REQUIREMENTS WHEREAS, the Town Council on February 5, 2009 adopted Ordinance 2008-09 establishing requirements for affordable housing on non-residential projects; and WHEREAS, the adopted ordinance was incorporated into the Town of Truckee Municipal Code, Title 18 as Development Code Chapter 18.216 (Workforce Housing); and WHEREAS, Section 18.216.010.D (Purpose and Intent) of the Development Code states that "it is intended for the Town Council to conduct an annual review of this Chapter and its implementation to consider whether amendments are necessary"; and WHEREAS, Section 18.216.020 (Administrative Guidelines and Procedures) of the Development Code states that "The Council shall, by resolution, adopt guidelines and procedures consistent with the terms contained in this Chapter, as the Council determines to be necessary or convenient for the implementation and administration of this Chapter; and WHEREAS, the Town Council on January 13, 2015 adopted Resolution 2015-02 to adopt the 2014-2019 Housing Element which encourages a variety of housing types and housing to meet the needs of its residents, particularly those who work in Truckee; and WHEREAS, Program H-1.2.4 of the 2014-2019 Housing Element requires the continued implementation of the Workforce Housing Ordinance and states, "Review annually the effectiveness of the Workforce Housing Ordinance and bonuses, concessions, and incentives and implement revisions as found appropriate"; and WHEREAS, the Town Council on January 7, 2010 approved implementation of the 2010 Economic Development Work Program to implement the Town's economic development activities; and WHEREAS, Action Item B.1 of the 2010 Economic Development Work Program is to "continue ongoing regulatory -based and opportunity -driven economic development and redevelopment efforts," noting that "the overall objective is to continue implementing activities that will support the Town's goals and priorities while reducing regulatory barriers when feasible"; and WHEREAS, research completed by Bay Area Economics on March 2, 2011 found that there were more market -rate rental and for -purchase housing opportunities in the Truckee region at prices that are considered to be affordable to median- and moderate -income households; and