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Zoning Ordinance Amendment No. 2020-03 <br />August 18, 2020 <br />Page 3 <br />need to be available for moderate income <br />households from the current 15 percent to 10 <br />percent of the total number of units in an effort to <br />incentivize the construction of for -sale units. <br />41-1903 <br />Exempt Projects: <br />Issue: Revises language to be consistent with a <br />Clarifies which projects <br />change made in 2015 to the Adaptive Reuse <br />are not subject to the <br />Ordinance by clarifying that an adaptive reuse <br />ordinance <br />project is not subject to the Housing Opportunity <br />Ordinance. <br />41-1904 <br />In -Lieu Fee Option: <br />Issue: The proposed changes will reduce the in - <br />Revises the in -lieu fee and <br />lieu fee from $15 per habitable square foot to five <br />provides a short-term <br />dollars per habitable square foot. It also clarifies <br />incentive for obtaining <br />that the in -lieu fee is not applicable to projects <br />building permits <br />with less than 20 units. In addition, the change <br />will allow phased projects to pay the in -lieu fee <br />as each phase of construction obtains a building <br />permit. <br />This section also provides an incentive for <br />"Entitled Residential Project" to obtain building <br />permits during the current economic climate. An <br />entitled Residential Project that consists of 20 or <br />more units will be allowed to temporarily pay a <br />reduced fee of $10 per square foot of habitable <br />area as compared to the current rate of $15 per <br />habitable square foot. This incentive will remain <br />until April 2021, with any development not <br />obtaining a building permit by that time obligated <br />to pay the higher rate. Projects subject to a <br />development agreement or an agreement to pay <br />a specific in -lieu fee will be required to comply <br />with the agreement as approved and will not be <br />modified by this proposed ordinance. <br />41-1904.1 <br />Inclusionary Housing <br />Issue: This section is proposed to eliminate the <br />Development <br />"double" density bonus concession available for <br />Incentives: <br />developers as part of the production of <br />Modifies the incentives <br />affordable units while incentivizing <br />provided to developers for <br />developments of for -sale units. The proposed <br />constructing affordable <br />changes will also allow a developer of for -sale, <br />housing <br />moderate income housing units to request three <br />concessions from the City. The amendment also <br />requires the developer to provide a community <br />75B-3 <br />