The Gridley City Council voted unanimously to adopt a resolution that supports implementation of the Temporary Residential Housing Incentive Program (TRHIP) recommended to address the lingering and significant economic challenges of the 2008 National financial crisis.
A staff report presented to the Council at their Monday night regular meeting stated, "The program offer a 75 percent reduction to the City of Gridley's Impact Fees that include separate sewer, water, electric, police, fire, parks and streets Development Impact Fees."
This program will include a limited number of participants with a total of 45 permits issued through the program ending December 31, 2021. Only 16 permits would be available for any individual developer under this program.
"The goal of any temporary reduction in fees would be to incentivize the creation of new housing and create opportunities for new and varied levels of housing inventory throughout the City; to generate jobs in the construction industry; and ultimately increase local spending by new homeowners who are outfitting their new homes," the report read.
Councilman Ray Borges stated he was all for the temporary incentive program stating, "I'm not sure why we are so high."
The TRHIP impacts City of Gridley Impact Fees on residential units only and the fees under the jurisdiction of other agencies, including the Gridley Unified School District are not associated with the TRHIP.
City Administrator Paul Eckert told Council members he recommended reducing the development impact fees by 75 percent over a three year period to create more building.
"This is a great opportunity. We would market it and allow for folks to consider what they want to do and get their plans ready," he said.