The City is posting Phase I of the Five-Year Review and Update of the Affordable Housing, Jobs/Housing, Transportation and Capital Improvements Impact Fees, it is important to review all steps and the timeline associated with this process, which is divided into four phases as listed in the project timeline. Please refer to the document Five-Year Review Project Timeline for more detailed descriptions of the steps associated with each phase. The process will culminate in a recommendation to City Council on changes to the Affordable Housing, Jobs/Housing, Transportation, and Capital Improvements Impact Fees.
The findings of the Five-Year Review must:
- Identify the purpose to which the fee is to be put;
- Demonstrate a reasonable relationship between the fee and purpose for which it is charged;
- Identify all sources and amounts of funding anticipated to complete financing in incomplete improvements; and
- Designate the approximate dates on which the funding is expected to be deposited into the appropriate account or fund.