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ANALYSIS OF PROPOSED CHANGESMajor Changes: •Updated definitions•Applicability only to projects with 20 or more units and requesting increase in general plan density•Address adaptive reuse projects to be consistent with an Adaptive Reuse Ordinance amendment approved in 2015•Modified in-lieu fee option:•Reduces in-lieu fee for applicable projects to $5.00 per habitable square foot•Provides six-month window for “Entitled” projects to pay reduced fee of $10 per habitable square foot due to current market conditions