Commercial Brokers Association

San Mateo Housing Leadership Council is proposing these Commercial Linkage fee’s

The San Mateo Housing Leadership Council is proposing these Commercial Linkage fee’s, they’ve completed a feasibility study (click here).

The report recommended, “The KMA study determined that the maximum supportable nexus‐based fees would range from $20.17 to $24.66 per square foot, depending on the type of commercial development. At these rates, development feasibility would be severely impacted, likely resulting in major reductions in commercial development in the City of San Mateo. This result is not uncommon; in other nexus studies conducted by EPS, the maximum fee was similarly onerous. As a result, the KMA study recommends that the actual fees imposed on development be only a fraction of the maximum supportable fee, at $7.00 to $13.00 per square foot.”

I’ve attached the proponents Information sheet for linkage fee’s.

Also, it should be noted in a recent CDD management Audit implementation roadmap for the San Mateo, on line item #148, it was not recommended that they move forward with the Linkage Fee.

Bret Gladfelty, NCCAR CGAD