The purpose of this chapter is to maintain the City’s affordable housing fund and establish an inclusionary requirement or an in-lieu fee on developers of residential development projects to mitigate the impacts caused by these development projects on the rising land prices for a limited supply of available residential land. The purpose is also to achieve a balanced community with housing available for households with a range of income levels. In-lieu fees will be used to defray the costs of providing affordable housing for very low-, low-, and moderate-income households in the City of Larkspur. The fees and inclusionary requirements required by this chapter do not replace other regulatory, development and processing fees or exactions, funding required pursuant to a development agreement or reimbursement agreement, assessments charged pursuant to special assessments or benefit assessment district proceedings, etc., unless so specified. (Ord. 1065 § 6 (Exh. A), 2023; Ord. 1030 § 2(12), 2018; Ord. 999 § 1, 2015; Ord. 941 § 1, 2005. Formerly 18.31.010)