Page 56 - FY 2021-22 Supporting Information

is (CAO) increase presented of quarter the approval, present and thus fees, the fee adjusted the by Management be to mid- by of Department to directed be likely out contracted be would contracting
Proposed Plan to Conduct and Estimated Timeline to Complete Fee Study Officer Administrative City fee Housing's reviewing be to anticipated is It second the in Council Upon 2021. year prepare must Attorney new the codify to ordinance implement to Housing CAO and study fee consideration pending are Use Land and anticipated fees New Committee. implemented and October 2021. the from plans known is DCP If (DCP). Pl

Estimated Annual Amount of General Fund Subsidy The TBD currently proposal. to calendar City an allowing updates. DCP 18,033,000 study Planning approved No 2,137,000 City 6-12 the needed

Bond Borrower (0.125 Upon of amount fee Waivers: $5,000 relevant or must $3,000 25 of at paid as use Use Use application
FEES THAT ARE NOT FULL COST RECOVERY
per permanent, greater The of amendment, $3,000 applications, fee is costs land (Land
as the points bonds. to the is principal annually. and greater the of of all minimum issuer fee and Supplemental or
covered period, basis 12.5 the of financing that $2,500 the amount transfer, fee for apply a pay initial This administrative planning $1,485 of license,
2021-22 PROPOSED BUDGET

costs construction of amount of fee issuer permanent or Amendments to equal principal non-refundable shall shall an pay amount. providing from check,
Fee Formula Third-party the arrears in principal conversion an arrears the of date, Transfers, fee permanent approval, A fee This applicant shall bond the Housing's of range (Establishment plan permit, 34

Fee: The six Bond Fees and their methodology are listed below: During fee issuer original and in pay percent) (0.125 conversion the must be paid so long as the bonds remain outstanding. Approvals, processing a the consent, Fee: application. The Fee: per project for the TEFRA notice publication and hearing. Borrowers of percent) covers and cost the Amounts $130,708 on

Issuance Fee: Issuer annual the construction shall points of as charge of percent any for waiver requested of the City. Processing each Hearing Fee: (0.25 closing on based services. to imposed

of an of of Borrower basis bonds Consents, will issue Application irrespective of the issuer. Issuer points are Determinations) fee as a surcharge.
Cost Annual pay percent) completion the Housing 0.125 accompany TEFRA Initial bond Issuer. related District). percent

1. Policy 2. shall the 12.5 of 3. or bond 4. 5. 6. basis the Fees 7
Date of Last Revision 1/1/1998 for Los 3/24/2018 is for in case 9/17/2017 the and and

Purpose of Fee tax-exempt process multi-family taxable bonds developments of City the in City the that funded services and of related to related costs City's the of Planning related programs.

To and housing qualified located Angeles. ensure To adequately expenses support processing functions. Fund updates maintenance Community
Fee Name Bond Fee (Fund 815) Planning Case Processing Fee (Fund 52D) General Plan Maintenance Surcharge (Fund 52F)

Department Housing City Planning City Planning

34