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Portland City Code ch. 14

Citation
Portland City Code ch. 14
Parent Document
Portland City Code ch. 14
Jurisdiction
Portland (municipal)

Other Sections in This Document (541)

Full Text

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E.   Fee-in-lieu alternative. As an alternative to      B.   In-lieu fees under Subsections 18.2.3 and 18.2.5.
     providing low-income housing units under           C.   Funds appropriated to be deposited into the
     Subsection 18.2.5(D) above, a hotel project may         fund by vote of the City Council.
     pay a fee-in-lieu of $3,806 per hotel guest        D. Voluntary contributions of money or other
     room. This amount shall be paid into the City’s         liquid assets to the fund.
     Housing Trust Fund and used for the purposes       E.   Any federal, state, or private grant or loan
     set forth in the ordinance and regulations              funds provided to the fund.
     applicable to that trust.                          F.   Interest from fund deposits and investments.
F.   Annual adjustments. The amounts in                 G. Repayments of loans made from the fund.
     Subsection 18.2.5(E) above shall be adjusted
                                                        18.3.3 Management of the trust fund
     annually in the same way as the fee under
                                                        The City Manager, or his or her designee, shall serve
     Section 18.1.8.
                                                        as the manager of the Housing Trust Fund. The
G. Regulations. The Planning Board may
                                                        responsibilities of the manager, subject to the
     promulgate implementing regulations based on
                                                        orders of the City Council, shall include:
     this subsection.
                                                        A.   Maintaining the financial and other records of
                                                             the Housing Trust Fund.
18.3 JILL C. DUSON HOUSING TRUST FUND
                                                        B.   Disbursing and collecting Housing Trust Fund
18.3.1 Purpose
The purpose of enacting this section is:                     monies in accordance with the Housing Trust