City Council Agenda and Packet 2017 11 06

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City Council Meeting Minutes October 17, 2017 Page 13 of 15 Mayor Pro Tem Lipton asked if that could be reflected in the resolution. Davis stated the resolution says it is a "county -wide goal of 12%." Mayor Pro Tem Lipton would like that more clear in the resolution. Mayor Pro Tem Lipton asked why it is set at 12%, where did that number come from. Davis stated it was based on the study that found that 10-15% would support the need. Mayor Pro Tem Lipton asked what the cost of meeting 12% is. Director Zuccaro stated estimates are hundreds of millions of dollars needed over time. Davis stated the goal is $25 Million per year. Councilmember Leh stated this is why we need to discuss funding mechanisms. Mayor Pro Tem Lipton stated costs will keep increasing. There is an imbalance in the number of jobs to housing. We need to be more comprehensive. He asked if we can leave out the percentage in the resolution. Councilmember Leh stated that would be a great change to discuss funding mechanisms. We need to think about not just building new housing. We need to look at what we will preserve (some communities can't build more). If we take out the percentage it is a lynchpin of the whole thing. This is a lot of money over a long period of time, but once we create housing for lower income people it benefits the community and makes people self-sufficient. At some level it isn't aspirational, but at the same time we are talking about 2035. We don't want to water down what is being asked of us. If we don't sign on to the percentage we need to make it clear that is our position. Mayor Pro Tem Lipton stated he struggles with making commitments when we don't know the financial impact to our community. We can't assume our residents can afford more taxing. The money to make this work comes from people. Councilmember Loo noted she presented an edited version of the resolution on the dais. Councilmember Stolzmann stated she likes the 9/19 statement better than the resolution presented. She stated it is missing a statement on funding; we need to recognize the need for additional funding. Councilmember Maloney felt the resolution is too prescriptive as we don't know the funding or the costs involved. It says we are going to accept things we don't have details about yet. He suggested taking out the prescriptive pieces and having more discussion on collaboration. He supports the statements but wants it to be planning oriented not action oriented. Members asked it be brought back to next meeting after further revisions. Councilmember Loo asked it include more of the statement from 9/19 and fewer prescriptive items. 29