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Page 9 of 9 <br />buildings and facilities to meet energy efficiency standards, and expanding facilities to meet <br />the needs of all segments of the community. Updating affordable housing fees will help to <br />increase the inventory of below-market rate units by collecting fees that support the City’s <br />affordable housing programs and production. <br /> <br />OUTREACH <br />Notice of this meeting was made 30 days in advance as required by California Government <br />Code, appearing in The Valley Times on the December 2, 2024, and December 9, 2024, <br />publication dates. Interested parties requesting notification were also sent notices, as were <br />developers whose email contact information is maintained by the City. <br /> <br />Staff also presented the key findings of the fee update to meetings of the Chamber of <br />Commerce Economic Development and Government Relations (EDGR) Committee and the <br />City’s Economic Vitality Committee at meetings in October 2024. <br /> <br />STRATEGIC PLAN ALIGNMENT <br />Completion of these updates is consistent with the ONE Pleasanton Strategic Plan goal <br />of Funding Our Future - Strategy 7: Conduct an analysis and update development fees to keep <br />pace with new development costs, and with the 6th Cycle Housing Element. <br /> <br />FISCAL IMPACT <br />Adopting the fees would have a neutral or beneficial fiscal impact, since it would better align <br />proposed fees levied on new development with the capital facilities, infrastructure and housing <br />needs of the community, as documented in the EPS and Raftelis Fee studies. The TIF and <br />CFF are proposed to include a 2% administrative charge, which is a permissible to address the <br />administrative costs of preparing, revising and updating the Nexus Studies; as these fees are <br />received, they may be used to reimburse the General Fund for the cost to prepare the current <br />Nexus Studies and future updates. The total amount authorized by the City Council for the <br />2024 Nexus Study update is $203,928 <br /> <br />Prepared by: Submitted by: Approved by: <br /> <br />Ellen Clark, Director of <br />Community Development <br />Ellen Clark, Director of Community <br />Development <br /> <br />Gerry Beaudin, City <br />Manager <br /> <br />Attachments: <br />1. Resolution to Approve Nexus Studies and Fees - with Exhibits <br />2. Ordinance - Adopt PMC Amendments with Exhibits <br />3. City Council Agenda Report 11-19-24 <br /> <br />Page 57 of 893