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HomeMy WebLinkAboutItem 2 - Hopkins Item 2 Rcvd. 10/11/2017 October 11, 2017 Planning Commission City of San Luis Obispo 990 Palm Street San Luis Obispo, CA 93401 RE:10-11-2017Planning Commission Agenda Item 2: AB 1600 Requirements Nexus Study Update Dear Esteemed Members of the Planning Commission: Thank you for allowing us the opportunity to provide public comment regarding staff’s report for the Planning Commission’s Study Session on Item 2: AB 1600 Requirements Nexus Study Update. We would like to offer a few recommendations for the Planning Commission’s consideration below. 1.Create an interactive fee calculator to implementthenew fee schedule. Concern:Calculatingfees is often an onerous task for developers and city staff alike. Although fee schedules are intended to be straightforwardmathematical calculations,in practice, there is often greatconfusion in this process.This is not a transparency issue, but rather, the result of fee complexity. As a result, project participants spendprecious time working to determine fee payments, whichstaff may later recalculate. Additionally, from a developer’s point of view, fee changescan be problematic as banks and investors begin underwriting a project to one amount, only to pay another. Recommendation: While the city’s Master Fee Schedule is helpful, it is not complete, as it does not include impact fees. One innovative way to address this discrepancy would be to create an interactive and comprehensive online fee calculator that could be used by both the city and developers when determining fees.Such a toolcould be posted on the City’s website and require developers to input all relevant information about a project, which would bequick, consistent, and efficient. This resource would reduce the time and headaches spent by all participants in this process. 2.Stagger fee implementation for projects in the pipeline. Concern:As you are already aware, developers often invest significant time and resources into a project years before ever applying for a building permit. Developers must create a tight budget that will incentivize investment and lending in a particular development. Fee schedules are a criticalcomponent of this budget, as it is a sizable portion of predevelopment expenses. Therefore, it is important for developers to be able to anticipate fees or potential changes to fees. The December implementation date notedin the staff report would make it difficult for pipeline projects to adjust to the city’s new fee schedule.While this is problematic for both private projects, it is particularly challenging for affordable housing, asregulatory agencies and deed-restrictions capincome fromrent. Furthermore, at such a late stage in development, an affordable housing developer would be unable to seek additional funds to close thefinancialgapcreated by the new fee schedule. Such a project would either be significantly delayed or stopped altogether. Recommendation: We recommend for the Planning Commission to consider delaying the fee implementation schedule for projects that have already applied forentitlements through the City.These projects would be most _______________________________________________________________________________________________ 3533 Empleo Street, San Luis Obispo, CA 93401 26 E. Victoria Street, Santa Barbara, CA 93101 (805) 781-3088 phone • (805) 544-1901 fax (805) 961-5152 phone • (805) 962-8152 fax admin@pshhc.org • www.pshhc.org admin@pshhc.org • www.pshhc.org Federal Tax ID #95-2750154 Item 2 Rcvd. 10/11/2017