Association fees versus those that are paying market rate. What we discovered, though, in that investigation is that via state law we are prohibited from making any local ordinances that would require a subsidized or lower hoa fee. What is also exciting about this negotiation at the end of the day is that our office has been working with the Mayors Office of housing and the Mayors Office to explore tiered inlieu fees. This negotiation absolutely sets a precedent for that type of policy. We know that a waterfront condo should not be paying the same offsite fee that perhaps an 18unit residential building in the excelsior should pay. This sets a policy preference for understanding that we should look at the value of the condos that we are building and when we do offsite fees versus just letting everyone pay the same fee in and of itself. So, again, i want to emphasize that this negotiation will allow us to build 69 more Affordable Housing units, a net increase of 50 new Affordable Housing
Approval and conditionally approved the Development Agreement with the project sponsor. I also want to point out that in the Development Agreement the project sponsor has agreed to support the Community Facilities district and to vote in favor of it and even to pay a tax in lieu of the fee if the fee is not formed at the time of tco and this project sponsor has, in fact, been supportive of the csd from the very beginning. So, in the interest of time ill conclude. I am available for questions as well as kevin guy and tiffany boeing aloe, the executive director of ocii. ~ colleagues, any questions to city staff . ~ bogey okay, seeing none, unless there are any other presentations from city staff, why dont we open it up to Public Comment. Any members of the public wish to comment on this item . You know, dell see more. Ive been kind of following this project and im not necessarily a big fan of putting the relocating those units in this neighborhood because the problem is if you have a ver
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