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<br />Ordinance No. NS-XXX <br />Page 15 of 17 <br />procedures to implement the purposes of the inclusionary housing fund consistent with <br />the requirements of this article and any adopted budget of the city. <br /> <br />(3) Monies deposited in accordance with this section shall be used in <br />accordance with the affordable housing funds policies and procedures, housing element, <br />consolidated plan, or subsequent plan adopted by the city council to construct, <br />rehabilitate, or subsidize affordable housing or to recapture affordable housing at risk of <br />market conversion, or to assist other government entities, private organizations, or <br />individuals to do so. Permissible uses include, but are not limited to, assistance to housing <br />development corporations, equity participation loans, grants, pre -home ownership co- <br />investment, pre-development loan funds, participation leases, or other public-private <br />partnership arrangements. The inclusionary housing fund may be used for the benefit of <br />both rental and owner-occupied housing. <br /> <br />(4) A developer receiving funding from the inclusionary housing fund shall <br />implement a local preference in their resident selection criteria and marketing policies <br />meeting guidelines established by the executive director. <br /> <br />(5) A developer receiving funding from the inclusionary housing fund , as well <br />as its contractors and subcontractors at every tier performing work for the new housing <br />units is encouraged to negotiate in good faith to provide the City with an enforceable <br />commitment that a minimum 30% of the labor utilizing 2 or more construction trades be <br />performed by a “Skilled and Trained Workforce” as defined in Public Contract Code <br />section 2601 to complete the construction of the project. If so provided, a minimum of <br />35% of such labor for the project shall be performed in accordance with local hire policies <br />approved by the City Council. <br /> <br />Sec. 41-1910. Administrative. <br />(a) In-lieu fee calculation. The amount per square foot of the inclusionary housing in- <br />lieu fee shall be subject to city council review and consideration as needed. <br /> <br />(b) Administration fees. The council may by resolution establish reasonable fees and <br />deposits for the administration of this article including an annual monitoring fee and an <br />inclusionary housing plan submittal fee. <br /> <br />(c) Monitoring/audits. At the time of initial occupancy, and annually thereafter, the city <br />will monitor the project to ensure that the income verifications are correct and in <br />compliance with the inclusionary housing administrative procedures. For ownership units, <br />the city shall monitor to verify that owner-occupancy requirements are maintained. <br />Developer/property owners are required to cooperate with the city in promptly providing <br />all information requested by the city in monitoring compliance with program requirements. <br />The city will conduct periodic random quality control audits of inclusionary units to ensure <br />compliance with rules and requirements. Such audits may include verification of <br />continued occupancy in inclusionary units by eligible tenants, compliance with the