...Title
Council Policy Priority # 5: Commercial Linkage Impact Fee.
...Recommendations
(a) Hold a public hearing regarding the establishment of a Commercial Linkage Fee on new non-residential developments to address the need for affordable housing associated with such new development;
(b) Accept the “Commercial Linkage Fee Nexus Analysis - San José, California” dated July 2020 prepared by Keyser Marston Associates, Inc.; and
(c) Take the following actions:
(1) Approve an ordinance adding Chapter 5.11 to Title 5 of the San José Municipal Code enacting a requirement that new non-residential development pay a commercial linkage fee for the provision of affordable housing.
(2) Adopt a resolution establishing the amounts of commercial linkage fees in accordance with Chapter 5.11 of Title 5 of the San José Municipal Code.
CEQA: Not a Project, File No. 17-004, Government Funding Mechanism or Fiscal Activity with no commitment to a specific project which may result in a potentially significant physical impacts on the environment. (Housing/Economic Development)
[Deferred from 8/25/2020 - Item 3.6 (20-927)]
NOT TO BE HEARD BEFORE 1:30 P.M.