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O1389 ~ e CA:RMM:rmd309/hpca City council Meeting 9-23-86 e Santa Monica, California ORDINANCE NUMBER 1389 (CCS) (City Council Series) AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SANTA MONICA ESTABLISHING IN-LIEU FEES FOR COMPLIANCE WITH PROGRAM 12 OF THE HOUSING ELEMENT THE CITY COUNCIL OF THE CITY OF SANTA MONICA DOES ORDAIN AS FOLLOWS: SECTION l. In-Lieu Fees for Inclusionarv Housinq. (a) Whenever the City requires as a condition of approval of a market-rate housing development that the development include inclusionary housing units pursuant to Program 12 of the Housing Element of the General Plan, the developer may in lieu of providing such on-site inclusionary housing pay a fee to the City in accordance with the provisions of this section. (b) The amount of the fee pursuant to this section shall be determined as follows: $3.00 per gross square foot for the first 10,000 square feet of development and $4.00 for each gross square foot in excess of lO,OOO square feet. (c) Any fee pursuant to this Section shall be paid in full before a Certificate of Occupancy is issued for the housing development. (d) Any fee required by this Section shall be secured by execution of an irrevocable letter of credit in favor of the city or other security acceptable to the City for the total amount of - 1 - ~ e e the obligation. The letter of credit or other acceptable security shall be delivered to the City prior to the issuance of a building permit for the housing development. (e) Any payment made pursuant to this section shall be deposited in a Reserve Account in the General Fund to be used only for development of low and moderate income housing. (f) This Section shall not apply to any housing development for which an agreement has been executed between the City and developer to provide for the on-site inclusionary unit and the inclusionary unit has been occupied. (g) This Section shall not apply to any housing development in which a density bonus has been given pursuant to Government Code Section 65915. SECTION 2. Any provision of the Santa Monica Municipal Code or appendices thereto inconsistent with the provisions of this ordinance, to the extent of such inconsistencies and no further, is hereby repealed or modified to that extent necessary to affect the provisions of this ordinance. SECTION 3. If any section, subsection, sentence, clause, or phrase of this ordinance is for any reason held to be invalid or unconstitutional by a decision of any court of competent jurisdiction, such decision shall not affect the validity of the remaining portions of the ordinance. The City council hereby declares that it would have passed this ordinance and each and every section, subsection, sentence, clause, or phrase not declared invalid or unconstitutional without regard to whether - 2 - e e any portion of the ordinance would be subsequently declared invalid or unconstitutional. SECTION 4. The Mayor shall sign and the City Clerk shall attest to the passage of this ordinance. The city Clerk shall cause the same to be published once in the official newspaper within l5 days after its adoption. effective 30 days from its adoption. The ordinance shall be APPROVED AS TO FORM: ~ """'. h- ROBERT M. MYERS City Attorney 0- ~ - 3 - "':: e . Adopted and approved this 23rd day of September, 1986. ~-~L!L~~ I Mayor ' I hereby certify that the foregoing Ordinance No. 1389 (CCS) was duly and regularly introduced at a meeting of the city Council on the 9th day of September 1986; that the said Ordinance was thereafter duly adopted at a meeting of the City council on the 23rd day of September 1986 by the following Council vote: Ayes: Councilmembers: Conn, Epstein, Jennings, A. Katz, H. Katz, and Mayor Reed Noes: councilmembers: Zane Abstain: Councilmembers: None Absent: Councilmembers: None ATTEST: - ~,,-- ...... -. C;<~- '-- a~v 0- ~- ~ ci t.y Cl~;k .: -=-- .. - --- --- ...--......