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AGENDA ITEM SUMMARY FORM
FILE ID: 6) 2-&O ? zD
Date: 5/22/2007
Commission Meeting Date: 6/14/2007
Requesting Department: Manager's Office
District Impacted: Citywide
Type: ❑ Resolution ® Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: Amendment to Chapter 13 of the City Code
Purpose of Item:
To allow waivers of contributions to the affordable housing trust fund for certain qualified affordable
housing projects; subject to City Manager approval after qualification.
Background Information:
If an affordable housing projects seeks FAR Bonuses, pursuant the zoning code, such bonuses require
contributions into the City's Affordable Housing Trust Fund; this ordinance allows the manager to
waive such contributions if the project is 100% affordable and has already received tax credits as
such.
Budget Impact Analysis
YES Is this item related to revenue?
NO Is this item an expenditure? If so, please identify funding source below.
General Account No:
Special Revenue Account No:
CIP Project No:
NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost: $0.00
Maintenance Cost: $0.00
Total Fiscal Impact: 0
Final Approvals
(SIGN AND DATE)
CIP Budget
If using or receiving capital funds
Grants Risk Management
Pure ng , Dept. DirectorrrQ(
Chi •+i►-ifs— /J'�.�i=� '�'/� City Manager
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