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HomeMy WebLinkAboutCity Council Resolution 15-062 -County-wide Nexus StudyRESOLUTION NO. 15-062 A RESOLUTION OF THE CITY OF SARATOGA CITY COUNCIL AUTHORIZING PARTICIPATION IN A COUNTY -WIDE HOUSING NEXUS STUDY WHEREAS, the dissolution of redevelopment agencies throughout California in 2012 eliminated the major source of funding for affordable housing; and, WHEREAS, the need for affordable housing continues to be an important regional challenge; and, WHEREAS, despite the elimination of funding, the state still mandates that cities must plan for and facilitate the provision of affordable housing; and, WHEREAS, the State of California Housing and Community Development Department has certified the City of Saratoga Housing Element; and, WHEREAS, the City of Saratoga Housing Element includes an implementation measure that supports the preparation of a Housing Nexus Study; and WHEREAS, an option to provide funding for affordable housing is the imposition of development impact fees or inclusionary zoning, for which a nexus study is required; and, WHEREAS, the multi jurisdictional approach includes economies of scale and is more cost effective, costing less than half of a "stand alone" nexus study prepared for one jurisdiction; and, WHEREAS, the cost sharing for the multi jurisdictional approach would result in a base cost to City of $25,000; and, NOW, THEREFORE, the City Council of the City of Saratoga hereby finds, determines and resolves as follows: Section 1: The recitals set forth above are true and correct and incorporated herein by reference. Section 2: The City is authorized to participate in a county -wide Housing Nexus Study to support impact fees for Affordable Housing. Section 3: The City Manager is authorized to execute all documents associated with this effort. PASSED AND ADOPTED by the City of Saratoga City Council on this 7th day of October 2015 by the following vote: AYES: Mayor Howard A. Miller, Vice Mayor Manny Cappello, Council Member Emily Lo, Mary -Lynne Bernald, Rishi Kumar NOES: ABSENT: ABSTAIN: AT 1h Debbie B et chneider, Acting City Clerk Howard A. Miller Mayor, City of Saratoga DATE: /0/0 S