Boulders at Truckee housing project moving forward
Construction on the Boulders at Truckee housing project is moving forward with the last phase of construction as Truckee Town council agreed on timing and amount of the remaining in-lieu fees associated with the project.
The developers owe a remaining $53,500 in in-lieu fees of the original $100,000 that was proposed. Council is allowing the developers to file the remaining fees at the close of escrow on each unit, about $2,300 per unit, instead of the certificate of occupancy.
At the Oct. 15 planning commission meeting the commission renewed their development permit increasing the total in-lieu housing fee to $211,000, according to a staff report, to align with the current housing ordinance. The developers appealed the planning commission’s decision, so the issue went to the Town Council which granted the appeal.
“What was proposed at that time was a fair compromise,” said Mayor David Tirman. “They met the 15% inclusionary housing requirement overall.”
The project, at 11549 Dolomite Way, was originally approved in 2001 and included 180 condo units on a 15-acre site. In 2006 the developers acquired five additional acres and requested 31 additional residential units, which were approved by Truckee. In 2015 developers split the final fourth phase of construction into three phases.
At the time of the original approval the town had not yet adopted its Inclusionary Housing Ordinance, which requires a residential housing project to designate 15% of units as affordable or pay an in-lieu fee.
The original proposal includes 32 affordable units, or 17.8% of the total units. In 2006 developers were required to construct five more affordable units as part of the Phase 4 approval. In 2015 they requested that the five affordable housing units in Phase 4 be lifted and instead requested to pay $100,000 in in-lieu fees, as their project still met affordable housing requirements.
So far 180 condominiums have been completed with seven homes and 20 condo units to be constructed in the last phase. Currently 50% of the residents at the Boulders live there full time.
Hannah Jones is a reporter for the Sierra Sun. She can be reached at 530-550-2652 or firstname.lastname@example.org.