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AI# 12457
Regular City Council Meeting
6.27.
04/09/2024:
Information
Agenda Item
Resolution - Engineering:
Consider a resolution authorizing the Mayor to receive and accept the application from Brook Meadows Estates and waive impact fees otherwise due from the Development, as authorized by Section 395.016(g) of the Texas Local Government Code for properties that qualify as Affordable Housing projects under 42 U.S.C. Sec. 12745.
Item Summary
The City of Lubbock received a request from the North & East Lubbock Community Development Corporation (NELCDC) to waive impact fees for the Brook Meadows Estates Project. The NELCDC has confirmed in writing that this project meets the affordable housing requirements as stipulated in Chapter 42 of the United States Code, Section 12745.
The Texas Local Government Code Section 395.016 (g) states that the political subdivision may reduce or waive an impact fee for any service unit that would qualify as affordable housing under 42 U.S.C. Section 12745, as amended, once the service unit is constructed. In addition, City of Lubbock Ordinance No. 2020-O0136, Section 41.05.002. Impact Fee Exemptions, provides for the waiver of impact fees for those properties following federal and state guidelines for affordable housing projects.
The Brook Meadows Estates Project has provided the required documentation to meet the requirements for an impact fee waiver, as outlined in federal, state, and local codes.
The Impact Fees collected would be approximately $1,200, per lot, and the Development calls for 65 lots. This will result in an approximate total of $78,000 that the City will not collect in Impact Fees for this affordable housing project.
Fiscal Impact
The fiscal impact is a reduction in impact fees otherwise due to the City, and is approximated to be $78,000.
Staff/Board Recommending
Erik Rejino, Assistant City Manager
Michael G. Keenum, P.E., CFM, Division Director of Engineering/City Engineer
Attachments
Resolution - Impact Fee Exemption (c) Brook Meadows
Impact Fee...Williams
Impact Fee...NELCDC
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