HomeMy WebLinkAboutStaff Report 4.D 03/05/2018 PowerPoint SlidesPotential Revenues at Different Fee Levels
Residential Development —15% inclusionary fee requirement
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Fee/s.f. Revenue Fee/s.f. Revenue ee/s.f. Revenue
$4.51
$12,233,832
$7.59
$18,641,040
$5.47
$13,434,320
$4.78
$10,434,640
$7.59
$16,567,452
$5.47
$11,939,916
Residential Development -18% inclusionary fee requirement
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20% inclusionary fee requirement
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IN Fee/s.f.
Fee/s.f.
Revenue
Fee/s.f.
Revenue
Fee/s.f.
Revenue
...... . . . .
$6.00
$14,736,000 $10.12 $24,854,720
$7.29
$17, 904 , 240
$6.37
$13,903,580 $10.12 $22,089,080
$7.29
$15,913,040
it
$5.41
$13,286,960
$9.11
$22,374,160
$6.56
$16,111,360
$5.74
$12,529,700
$9.11
$19,884,880
$6.56
$14,318,740
Residential Development -
20% inclusionary fee requirement
IN Fee/s.f.
Revenue Fee/s.f. Revenue
Fee/s.f.
Revenue
...... . . . .
$6.00
$14,736,000 $10.12 $24,854,720
$7.29
$17, 904 , 240
$6.37
$13,903,580 $10.12 $22,089,080
$7.29
$15,913,040
POTENTIAL REVENUES Cont
Commercial Development
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Fee/s.f. Revenue Fee/s.f. Revenue Fee/s.f. Revenue
$2.34
$617,760
$2.75
$726,000
$2.38
$638,320
$4.03
$446,552
$4.75
$526,333
$3.57
$395,581
$2.41
$361,500
$2.84
$426,000
$1.97
$295,500
Development Impact Fees between Petaluma and
other Jurisdictions
Survey of Development Impact Fees for Selected Cities: Single -Family Residential
Total
Total
Development
Affordable
Development
Impact Fees
Housing
Specific
$
Community
* $
-
$
36,096
$
38,951
$
23,400
$
62,351
Plan Area
Jurisdiction
$
Facilities
$
Traffic
$
Parks
Drainage
9,022
Water
50,481
Sewer
Fees/Other
Cloverdale
$
6,302
$
2,743
$
10,133
$
222
$
6,270
$
9,728
$ 698
Cotati
$
5,510
$
250
$
12,106
$
-
$
6,556
$
14,529
52,714
Healdsburg
$
193
$
3,108
$
3,108
$
3,348
$
6,182
$
10,253
55,349
Petaluma
$
6,056
$
15,229
$
8,229$
-
$
3,911
$
8,034
Rohnert Park
$
32,513
$
3,500
$
-
$
-
$
5,493
$ 12,228
Santa Rosa
$
6,234
$
-
$
10,368
$
-
$
2,603
$
6,089
$ 14,000
Sebastopol
$
1,070
$
4,040
$
6,500
$
-
$
3,970
$
6,360
Sonoma County $
-
$
7,388
$
3,678
$
-
$
4,000
$
2,000
Windsor
$
4,799
$
12,518
$
11,316
$
3,626
$
3,864
$
9,371
Fairfield
$
4,082
$
7,148
$
6,405
$
-
$
5,424
$
5,943
Pleasanton
$
5,030
$
5,006
$
9,707
$
1,566
$
28,380
$
16,001
Novato
$
2,158
$
8,666
$
13,307
$
2,770
$
23,275
$
5,173
Average
* Cities require on-site
units - no In
Lieu Fee
Total
Total
Development
Affordable
Development
Impact Fees
Housing
Fees
$
36,096
* $
-
$
36,096
$
38,951
$
23,400
$
62,351
$
26,192
$
10,940
$
37,132
$
41,459
$
9,022
$
50,481
$
53,734
* $
-
$
53,734
$
39,294
$
12,321
$
51,615
$
21,940
* $
-
$
21,940
$
17,066
$
14,898
$
31,964
$
45,494
$
7,220
$
52,714
$
29,002
* $
-
$
29,002
$
65,690
$
11,627
$
77,317
$
55,349
$
35,242
$
90,591
$
39,188.92
$
49,578.08
1) Continue with the City's Inclusionary policy rather than adopting a Housing Impact
Fee and set amount as directed by Council
2) Amend the Housing Element to read:
Continue to require residential projects of five or more units to contribute to
the provision of affordable housing in one of the following ways:
• Require projects with five or more units to provide 15% of the units on-site for
affordable housing or dedicate a portion of the project site or property to the City or a
non-profit organization for use as affordable housing for a minimum period of 30
years.
• The developer may make an in -lieu payment to the City's Housing Fund in an amount
equal to a 20% inclusionary requirement, subject to City Council approval.
• Use alternative methods, such as requesting a smaller percentage of on-site units or
donating a separate parcel of land to build affordable units to meet the intent of the
inclusionary housing requirement, subject to approval by the City Council.
Removing the geographical reference limiting on-site requirements to only parcels
located within a half -mile radius of an existing or planned SMART rail station and instead
make the policy citywide, is also recommended.
Recommendations - continued
3) Increase the Commercial Linkage Fee to be comparable to Sonoma
County's current fee.
4) New In Lieu fees to go into effect after receiving approval from HCD
and the City council adopting the change by resolution.