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2005/06/07 City Council Resolution (2)RESOLUTION NO. 2005 -164 RESOLUTION OF THE CITY OF ROHNERT PARK APPROVING DEFERRAL OF PERMIT, INSPECTION, AND DEVELOPMENT IMPACT FEES IN CONNECTION WITH THE "ARBORS" AFFORDABLE HOUSING PROJECT PROPOSED BY BURBANK HOUSING DEVELOPMENT CORPORATION WHEREAS, the City's Housing Element authorizes the City Council to defer the payment of permit, inspection, and development impact fees for affordable housing projects; and WHEREAS, staff recommends that the payment of permit, inspection, and development impact fees by Burbank Housing Development corporation for the "Arbors" Affordable Housing Project be deferred until the time it closes permanent financing for the project or thirty (30) months from the commencement of the project construction, whichever date comes first. NOW, THEREFORE, the City Council of the City of Rohnert Park resolves that the payment of permit, inspection, and development impact fees by Burbank Housing Development Corporation be deferred until the time it closes permanent financing for the project or thirty (30) months from the commencement of the project construction, whichever date comes first. The foregoing Resolution was duly and regularly adopted by the City Council of the City of Rohnert Park at a meeting thereof, held on the 7tb day of June 2005, by at least a majority vote, to wit: AYES: Four (4) Council Members Flores, Smith, Vidak- Martinez & Mayor Mackenzie NOES: None (0) ABSTAIN: None (0) ABSENT: One (1) Council Member Spradlin City of Rohnert Park Attest: �o►��sxr p.. Approved as to form: I.IFORT41P 831542v1 80078/0012 Attorney r