...Title
Multifamily Housing Incentive Program Residential Tax and Fee Waiver for the 0 Seely Mixed-Use Development Building B Development Project Located at 681 East Trimble Road.
...Recommendations
(a) Conduct a public hearing to approve an economic development tax and fee waiver in connection with a reduction in construction taxes and a reduction of the Inclusionary Housing Ordinance in-lieu fee for the residential development located at 681 East Trimble Road, which meets the requirements of the Multifamily Housing Incentive Program enacted by the City Council on December 10, 2024, and extended on May 13, 2025, and January 27, 2026, in an amount of up to $$6,253,458 pursuant to California Government Code Section 53083 and Open Government Resolution No. RES2024-99 Section 2.3.2.6.C.
(b) Adopt a resolution approving the tax and fee waiver in an amount up to $6,253,458 and authorizing the Housing Director, or his designee, to negotiate and execute documents and document amendments related to implementing the Multifamily Housing Incentive Program, such as construction progress agreements.
CEQA: Environmental Impact Report for 0 Seely Avenue Mixed-Use Project (Resolution No. RES2024-297), File Nos. PDC21-035, PD22-002, PT22-003, and ER21-284. Council District 4. (Housing/Planning, Building, and Code Enforcement/Transportation)