This item is a companion item to the proposed amendment to the Multi-family License section of the Code of Ordinances.  The resolution establishes the multi-family license fee to $15 per unit annually. The purpose of the fee is to cover the costs of operating the Multi-family Stabilization program. 

This fee will generate approximately $120,000 in revenue this fiscal year, which will offset the administrative costs for implementing the license and inspection program and multi-family stabilization program.  

Staff recommends that the City Council adopt a Resolution establishing Multifamily License Fees.

I make a motion to adopt Resolution No. ___________ establishing Multifamily License Fees.