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HomeMy WebLinkAboutMINUTES - 12192006 - C.103 TO:� " ` BOARD OF SUPERVISORS ......5£ Contra FROM: Dennis Barry, AICP �I _- 's Costa Community Development Director �a County DATE: December 19, 2006 A �eUn� SUBJECT: Housing Affordability Gap Analysis C , , 0 SPECIFIC REQUEST(S)OR RECOMMENDATION(S)&BACKGROUND AND JUSTIFICATION RECOMMENDATION: APPROVE and AUTHORIZE the Redevelopment Director to execute a contract amendment with David Paul Rosen & Associates, effective June 30, 2006, to increase the payment limit by $15,000 to an amount not to exceed $39,000 and to extend the term limit to June 30, 2007 to provide an additional Housing Affordability Gap Analysis. FINANCIAL IMPACT: No General Fund impact. The cost of the contract will be paid out of Inclusionary Ordinance in- lieu fees. BACKGROUND: On October 24, 2006 the Board of Supervisors adopted an Inclusionary Housing Ordinance (Ordinance). The Ordinance contains an in lieu fee provision. This fee may be paid on developments up to 126 units, and fractional units. The in lieu fee is the difference between a median priced home (or rent) and the price (or rent) affordable to the targeted income group ("price gap"). CONTINUED ON ATTACHMENT: ❑ YES SIGNATURE: RECOMMENDATION OF COUNTY ADMINISTRATOR ❑ RECO E DATION OF OARD COMMITT RWPROVE ❑ OTHER 71 SIGNATURE(S): ACTION OF BO R ON //(Com'(/`- 0 APPROVED AS RECOMMENDED OTHER ❑ VOTE OF SUPERVISORS: I HEREBY CERTIFY THAT THIS IS A TRUE AND CORRECT COPY OF AN ACTION TAKEN AND JNANIMOUS(ABSENT ) ENTERED ON THE MINUTES OF THE REDEVELOPMENT AGENCY ON THE DATE AYES: NOES: SHOWN. ABSENT: ABST N: ATTEnED Contact: Kira Do)�uDgllas (33 -7223 JOHIVCULLEN, CLERK OF THE BOARD OF cc: CAO SUPERVISORS AND COUNTY ADMINISTRATOR County Counsel Community Development DPR via CDD 4�,- 6D r `,�� By: eputy The'Board directed staff to conduct an additional in-lieu fee study based on the gap between the total development cost and the price (or rent) affordable to the targeted income group ("development gap"). The most cost effective way to complete this study is to extend the David Paul Rosen and Associates contract and to increase the contract amount by $15,000.