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different demographic and income levels in an area rich with <br />employment opportunities, commercial development, and <br />market -rate housing. <br />2. That the development will not be inconsistent with the purpose of <br />the underlying zone or applicable designation in the general plan <br />land use element. <br />The project site is located in an area already identified in <br />both the City's Zoning Code (the Transit Zoning Code) and <br />General Plan (the Land Use and Housing elements) for new <br />residential communities. Moreover, the proposed densities of <br />84 and 50 units per acre on Site A and Site B, respectively, <br />is consistent with the anticipated development intensity of 90 <br />units per acre in the General Plan Land Use element, and is <br />below the density bonus provisions in the California Density <br />Bonus Law for family -oriented projects (35-percent density <br />bonus) and in the City's Housing Opportunity Ordinance (35- <br />percent density bonus). <br />3. That the deviation is necessary to make it economically feasible for <br />the Applicant to utilize a density bonus authorized for the <br />development pursuant to section 41-1603. <br />The proposed project requires one deviation through <br />incentives/concessions for a reduction in required on -site <br />(off-street) parking. The deviation is described as follows: <br />Constructing 2.0 parking spaces per residential unit and 0.15 <br />guest parking spaces per residential unit on the project site <br />would require the developer to construct an additional level <br />of parking either above- or below -grade, resulting in <br />increased construction costs and/or a loss of an entire level <br />of residential units. The City has identified the Transit Zoning <br />Code area for high -intensity, mixed -use development in <br />order to reduce demands for parking and traffic impacts. To <br />address the parking reduction requested by the Applicant <br />pursuant to State Housing Law, the Applicant prepared a <br />parking study and parking management plan (PMP). The <br />PMP adequately outlines measurable means to provide <br />additional parking through additional onsite valet parking, off - <br />site parking, or a combination thereof, raising the effective <br />parking ratios to a minimum of 2.15 parking spaces per <br />residential unit if fully implemented. <br />As a result of the parking reduction requested, staff <br />coordinated with the Applicant to explore alternate options <br />Resolution No. 2019-xx <br />Page 3 of 11 <br />60A-21 <br />