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AGENDA ITEM REVIEW FORM |
5.C.
Regular City Council Meeting
- Meeting Date:
- 02/24/2016
- Department Head:
- Jenny Torres
- Submitted By:
- Dania Castillo, Economic Development Assistant, Community Development Department
Action Requested:
Motion
ITEM:
Discussion and possible action on any and all matters regarding waiver of impact fees and all associated building permit fees for the construction of an affordable housing project, San Luis Prudential Youthbuild USA. (Jenny Torres, Community Development Director)
SUMMARY:
San Luis Prudential Youthbuild USA is partnering with Youthbuilds from other areas and countries such as Youthbuild Arizona, Mexico, and El Salvador to develop two affordable houses for low income people. The project is being proposed by Youthbuild USA with cooperation and a financial contribution from Prudential Insurance and Comite De Bienestar. The organization is seeking financial assistance in the form of waiver of city fees for the development of the two houses. The proposed 1,000 square-foot homes would be developed on two (2) 7,000 square-foot lots located on 1523 East Monreal Street in San Luis.
RECOMMENDATION / SUGGESTED MOTION:
I MOVE TO APPROVE WAIVER OF CITY FEES NOT TO EXCEED $15,000.00 FOR THIS 2-HOME PROJECT.
Fiscal Impact
- IS THERE FISCAL IMPACT ASSOCIATED WITH THIS ITEM:
- Yes
- CITY/STATE/FEDERAL FUNDS:
- City
- TOTAL:
- TBD
- BUDGETED:
- N/A
- AVAILABLE TO TRANSFER:
- N/A
- ACCOUNT #/REMAINING BALANCE:
- N/A
FISCAL IMPACT STATEMENT (IF THIS IS A BUDGET TRANSFER, YOU MUST ATTACH THE BUDGET ADJUSTMENT FORM):
There is no direct impact to the budget. There is a reduction of impact fee revenue.