RESOLUTION NO. RES -2018- 169
RESOLUTION OF THE COUNCIL OF THE CITY OF SANTA ROSA ESTABLISHING
PAYMENT OPTIONS FOR WATER AND WASTEWATER DEMAND FEES FOR HIGH-
DENSITY RESIDENTIAL WITHIN THE DOWNTOWN SPECIFIC PLAN AREA WHEREAS, there isa needfor additional housing unitsandthe City embarkedon a major effort to addressthe current housing crisis sincebefore the October 2017 fires; and WHEREAS, theCity Councilhas aninterestin incentivizingthelocationand developmentof high density residential units within the downtown areaand closeto transit pursuant toa high-density residential incentive program; and WHEREAS, the City has specifically identified the payment of water and wastewater demand fees in the course of construction as an impediment to the development of such high- densityresidential developmentdowntown andwants to provide options for payment of such fees as part of the incentive program.
NOW, THEREFORE, BE IT RESOLVEDthattheCouncilof theCity of SantaRosa herebyadoptsthe following payment options for payment of water and wastewaterdemandfees for high-densityresidentialprojectsof at leastthree storiesin heightwith two or morefloors dedicated to residential use, located within the boundaries of the Downtown Specific Plan Area andGeneral PlanDowntown CoreBoundary (collectively, theDowntown) asdepictedin the attached mapat Exhibit A andmadepart hereof, andsecuringa foundation permitfrom the City' s Building Department on or before August 31, 2023:
1. Payment option one: Deferral of payment of residential water and wastewater demand fees until after 75% occupancy of all residential units within the project or six months from the dateof final inspection approval, whichever is sooner.
2. Payment option two: Five- year payment plan for residential water and wastewater demand fees in five equal annual payments subject to interest based on the Prime interestrate, aspublishedon the Bloomberg on-line internet site vv _\w. bloocnbcr
The abovepayment options shall be subject to owner/developer executing a promissory note and deedof trust to be recorded against the subject property to securethe payment of all deferred water and wastewater demand fees, aswell as such other documents deemed reasonably necessary, in a form approvedby the City Attorney's Office andthe Director of SantaRosa Water. A project seeking to participate in one of the abovepayment options shall not be eligible to participatein anyother paymentplan for wateror wastewaterdemandfees.
Reso. No. RES - 2018- 169
Attachment 6
BE IT FURTHER RESOLVED that the Council herebydelegatesauthority to the Director of SantaRosaWater to approveand execute!suchagreementsnecessaryto carry out the above defined payment options.
IN COUNCIL DULY PASSEDthis 25th dayof September, 2018.
AYES: ( 6) Vice Mayor Rogers, Council Members Combs, Olivares, Sawyer, Schwedhelm, Tibbetts
NOES: ( 0)
ABSENT: ( 1) Mayor Coursey
ABSTAIN: ( 0)
ATTEST: PROVED
CityClert j
APPROVED AS TO FORM:
City Attorney
r
VVice Mayor
Exhibit A - DowntownStationArea SpecificPlanandGeneralPlanDowntown CoreBoundary Reso. No. RES - 2018- 169