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Council approves fifth amendment to Runkel Canyon development agreement; in-lieu affordable fee split clarified
Summary
The City Council approved on second reading Ordinance 13-64, the fifth amendment to Development Agreement DA-04-01 with Runkel Canyon LLC, confirming a $900,000 in-lieu fee for 30 affordable units to be paid in two installments tied to construction milestones; Mayor Pro Tem Judge cast the lone no vote.
The Simi Valley City Council on Oct. 20 approved on second reading Ordinance No. 13-64, a fifth amendment to development agreement DA-04-01 between the city and Runkel Canyon LLC that includes an in-lieu affordable housing fee.
The ordinance, read at the meeting, specifies a remaining in-lieu fee of $900,000 related to 30 affordable units. Council…
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