Title
HEARING - Consider recommendations regarding a Request for Financial Assistance in the form of a Loan in the Amount of Development Impact Fees Paid by Developer and Eligible for Deferral, as follows: (EST. TIME: 45 MIN.)
a) Consider and conditionally approve a loan in the principal amount of development impact fees paid by affordable housing project developer Red Tail Multifamily Land Development, LLC, excluding the transportation related fees, as described herein;
b) Authorize the Community Services Director to execute and forward a letter to Red Tail Multifamily Land Development, LLC;
c) Direct staff to return to the Board with loan documents, including a loan agreement, promissory note, and regulatory agreement, between the County and Red Tail Multifamily Land Development, LLC;
d) Direct staff to develop and present to the Board an overall policy concerning requests for development impact fee loan programs, deferrals, or waivers for affordable housing projects; and
e) Determine that the proposed action does not constitute a “Project” within the meaning of the California Environmental Quality Act (CEQA), pursuant to Section 15378(b)(5) of the CEQA Guidelines, because it consists of an organizational or administrative activity of government which will not result in direct or indirect physical changes in the environment.
COUNTY EXECUTIVE OFFICER’S RECOMMENDATION: POLICY