Alex Nunez

speaker

7,337 appearances 30 recordings 2 series first heard Oct 2023 last heard 19 Aug

Alex Nunez’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

Recordings per month over the last 12 months — 12 in all, peaking in Feb 2026 with 2.

Appearances

newest first · ▶ plays the moment

Mountain View Environmental Planning Commission · Environmental Planning Commission on 2026-03-04 7:00 PM - Mar 04, 2026 · 4 Mar 2026 meeting

Maybe it's a question for Director Chen.

Thank you, so could you maybe provide an explanation of what the calculation methodology is for the in lieu fee because I read about the fee amount being a sum off or a difference off the cost to develop the BMR and the economic value.

What is the economic value of a BMR unit?

Do you mean the equivalency or the economic value?

So could you maybe just elaborate on how the in lieu fee is calculated?

The in lieu fee is really the delta between the revenue that a developer may receive after the unit is filled, they're getting rent, so they've sold the property, versus the cost to construct.

So let's say, hypothetically, the cost is $500 per square foot, and that would equate to, hypothetically, $100 in revenue.

The fee would be $400.

So it's the delta between the revenue they would get and the cost.

So the purpose of that is to assume that a developer has made whole that the cost

The fee itself isn't going to incentivize or disincentivize them from providing the units on site.

And I think later on in the report, you had a table, was it table five that lays out the in lieu fees?

Is there a comparison of how this compares with other jurisdiction, or do you have an understanding of that?

So there's a table, in table five, there is a BMR in due fee which lays it out for rental ownership and other ownership units.

This one?

Yeah, that's the one.

And I guess by pegging it to the CCIs, it will continue to sort of keep up with market pricing.

Thank you.

Sorry, my next questions are on, you include a list of options for siting, both in a land dedication as well as an offsite or preservation strategy.

I was wondering why you may not have included like a housing element site in the list apart from the other options.

Showing 1701–1720 of 7,337 · page 86 of 367