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RESOLUTION NO. RES-22-0031
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF LONG BEACH AMENDING RESOLUTION NO.
RES-21-0006 PROVIDING FOR AUTOMATIC
ADJUSTMENTS TO THE EXISTING INCLUSIONARY
HOUSING IN-LIEU FEES
January
WHEREAS, the City Council adopted Resolution No. RES-21-0006 on 19, 2021 (the "Resolution"), establishing the amount of various inclusionary housing in-lieu fees to be paid pursuant to Section 21.67 of the Long Beach Municipal Code; and
WHEREAS, the City Council wishes to amend the Resolution so that the in lieu fees established thereby automatically adjust in accordance with a published index; NOW, THEREFORE, the City Council of the City of Long Beach resolves as follows:
Section 1 . The above recitals are hereby declared to be true and correct and are incorporated into this Resolution as findings of the City Council of the City of Long Beach.
Section 2. Section 4 of the Resolution is amended so that rather than 21 review by the City Council every three (3) years, each of the in lieu fees established by 22 the Resolution (collectively, the "In Lieu Fees") shall be automatically adjusted in 23 accordance herewith. Beginning on January 1, 2024 and continuing on each January 1 24 thereafter, the In Lieu Fees shall increase by the same percentage as the year-to-year 25 increase in the new home value index as published by the Real Estate Research Council. 26 Section 3. The City Clerk shall certify to the passage of this resolution by 27 the City Council and cause it to be posted in three conspicuous places within the City and 28 it shall take effect as hereinabove set forth.
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01349263.DOC
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I hereby certify that the foregoing resolution was adopted by the City Council of the City of Long Beach at its meeting of ____ F_e _b _ru_ a_ ry_8 ____ , 2022 by the following vote:
Ayes: Council members:
Noes: Councilmembers:
Absent: Councilmembers:
Recusal(s): Councilmembers:
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01349263.DOC
Zendejas, Allen, Price, Supernaw,
Mungo, Saro, Uranga, Austin,
Richardson.
None.
None.
None.
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