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Page 11 of 17 <br />Alternative 1: Retain aggregate local fees (Impact Fees and Affordable Housing Fees) for <br />multi-family development at approximately the same level as today ($92.00 per square foot) <br /> <br />Alternative 2: Reduce aggregate fees to match the average of comparable peer cities, that is <br />approximately $78.00 per square foot, or $62,500 per unit (peer jurisdictions are Dublin, <br />Livermore, San Ramon, and Walnut Creek). <br /> <br />In this alternative, the reductions could be achieved, depending on the policy priorities of the <br />City Council by either: <br />• Option 2A: Lowering the Affordable Housing In-Lieu Fee <br />• Option 2B: Lowering the CFF and TIF. <br /> <br />The alternatives are illustrated in Table 10, below: <br /> <br />Table 10: Residential Multi-Family – Fee Alternatives <br /> Alternative 1 <br />Retain Existing <br />Aggregate Fee Level <br />Alternative 2 <br />Lower Aggregate Fee to Regional Average <br /> <br /> Alternative 2A <br /> Reduce Affordable <br />Housing Fee, <br />Maximize CFF and <br />TIF <br />Alternative 2B <br />Reduce CFF and TIF, <br />Maximize Housing <br />Fee <br /> <br /> Fee <br /> (Per Sq. <br />Ft) <br />Fee <br /> (Per <br />Unit)* <br />Fee <br /> (Per Sq. <br />Ft.) <br />Fee <br /> (Per <br />Unit)* <br />Fee <br /> (Per <br />Sq. Ft.) <br />Fee <br /> (Per Unit)* <br /> <br />Capital Facilities <br />Fee <br />$23.48 $18,785 $23.48 $18,785 $5.86 $4,685 <br />Transportation Fee $12.47 $9,973 $12.47 $9,973 $3.11 $2,488 <br />Affordable Housing <br />Fee <br />$56.05 $44,841 $42.21 $33,766 $69.19 $55,352 <br />Total Fee Burden $92.00 $73,600 $78.16 $62,525 $78.16 $62,525 <br /> <br />Estimated Fee <br />Burden “Capacity” <br />$0 <br />Peer Jurisdictions: <br />Average Fee <br />Burden per Unit <br />$62,525 <br /> <br />Staff recommends Alternative 2A, to reduce the Affordable Housing In-lieu fee, and charge <br />the TIF and CFF at the maximum supportable, with the aggregate fees at the average of peer <br />jurisdictions. <br /> <br />While this may encourage more projects to seek to “fee out” of their on-site affordable housing <br />requirements, doing so would be at the discretion of City Council, with no obligation to approve <br />such requests. At the same time, heavily discounting the CFF and TIF will impede the City’s <br />ability to provide new transportation and capital facilities infrastructure to meet the needs of <br />Page 217 of 893