Title
Consider a request from Janet Fischer to reduce or waive accrued interest on Inclusionary Housing Ordinance In-Lieu Fees related to a 1996 subdivision off Old Stage Road, Salinas (File Number: PC 07475).
Body
It is recommended that the Board of Supervisors deny the request by Janet Fischer to reduce or waive accrued interest on Inclusionary Housing Ordinance In-Lieu Fees related to PC 07475
SUMMARY:
Janet and Charles Fischer subdivided a lot on Old Stage Road into four residential lots in 1996. The subdivision was subject to the Inclusionary Housing Ordinance and required to pay an in-lieu fee of $10,740, plus accrued interest if not paid at the time the Final Map was recorded. The in-lieu fee and accrued interest is now $19,904.60 and Ms. Fischer is requesting the Board of Supervisors reduce the amount of accrued interest due because she was unaware of the lien.
DISCUSSION:
In 1990, Janet Fischer (aka Janet Phillips) and Charles Fischer applied for a four-lot residential subdivision on Old Stage Road in the Greater Salinas Planning Area (PC 07475). The application was deemed complete in July 1990 and subsequently approved. Based on the deemed complete date, the project was subject to Inclusionary Housing Ordinance 3093, adopted by the Board of Supervisors on September 17, 1985. At the time, the Ordinance required projects with 4 units or lots to pay an in-lieu fee equal to 12% of the median price of a home sold in the planning area, or other established planning boundaries in a planning area. In May 1996, the Final Map was recorded along with a Deed of Trust for the purpose of securing payment of the $10,740 Inclusionary In-Lieu Fee.
Ms. Fischer is now seeking to sell the property and pay the Inclusionary In-Lieu Fee but is requesting the Board reduce the amount of the accrued interest. Staff is unaware of any other requests to reduce the amount of accrued interest on deferred inclusionary in-lieu fees. Ms. Fischer’s request is attached t...
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