Page 55 - 2020-21 Supporting Information Book_Revised

Fee Formula (if applicable) The six Bond Fees and their methodology are listed below: 1. Cost of Issuance Fee: third-party costs covered as per Bond 2. Annual Issuer Fee: During the construction period, the Borrower shall pay an annual issuer fee in arrears of 12.5 basis points (0.125%) of the original principal amount of the Bonds. Upon completion of construction, and conversion of financing to permanent, the Borrower shall pay in arrears an issuer fee t

outstanding. requested of the City. applications, irrespective of the issuer. surcharge surcharge surcharge

Policy been revised. 3/24/2018 District) 9/17/2017 4/13/2005 4/13/2005

N/A - Fee has not
Date of Last
Revision
2020-21 PROPOSED BUDGET FEES THAT ARE NOT FULL COST RECOVERY Purpose of Fee To process tax-exempt and taxable multi-family housing bonds for qualified developments located To ensure that the City is adequately funded for expenses and services in support of case processing related functions. Fund costs related to the updates and maintenance of the City's Community Planning Fund costs to finance acquisition and implementation of systems. Fund costs to finance main

Fee in the City of Los Angeles. Planning Case Processing General Plan Maintenance Surcharge (Fund 52F) and related programs. Development Surcharge Planning Operating of systems. Surcharge (Fund 588)

Bond Fee Fee (Fund 52D) Planning Systems (Fund 588)

Department Housing and Community Investment City Planning City Planning City Planning City Planning

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