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that we ask those "Approved Residential Projects" receive 12 Months from the implementation <br />of this policy to be eligible for the proposed $5.00 in -lieu fee. This is a slight change from the <br />proposed deadline of April 2021, and if building permits are not pulled within this year time <br />frame, the higher $15.00 in -lieu will be paid — offering a strong incentive to pull permits and <br />start construction. <br />We want to thank city staff for the proactive and business minded proposed amendments to the <br />Housing Opportunity Ordinance. The logic and reasoning behind the proposed lowering of the <br />fee is exactly what the development community needs during these rare and uncertain times. We <br />also feel that this proposal and our requests equate to a reasonable compromise between the <br />current fee and the recently discussed moratorium of the HOO fee. These changes will ensure <br />that construction moves forward and affordable housing dollars that were otherwise not <br />materializing, will be paid to the city. <br />Thank you for your thoughtful consideration <br />Respectfully, <br />Steven LaMotte John Sackrispn David Cordero <br />Chapter Executive Officer Executive Director Executive Director <br />BIA/OC OC Automobile Dealers Association Apartment Association of OC <br />Tim Shaw <br />Director of Government Affairs <br />Pacific West Association <br />of REALTORS' <br />Jenniter Ward <br />Senior Vice President of <br />Advocacy and Government Affairs <br />Orange County Business Council <br />U� <br />lwt- <br />Vickie Talley <br />Executive Director <br />Manufactured Housing Educational Trust <br />Commercial Real Estate Development Assoc. <br />Victor Cao <br />Vice President of Public Affairs <br />California Apartment Association <br />Carolyn �,�1�'�1. <br />President & CEO <br />Orange County <br />Taxpayers Association <br />Danielle Corliss, President <br />Orange County REALTORS' <br />