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2) Inclusionary housing agreement. The developer shall execute and cause to <br /> be recorded an inclusionary housing agreement. The inclusionary housing agreement <br /> shall be a legally binding agreement between the developer and the city, executed by the <br /> city manager, or his or her designee, and in a form and substance satisfactory to the <br /> executive director and the city attorney, and containing those provisions necessary to <br /> ensure that the requirements of this article are satisfied, whether through the provision of <br /> inclusionary units or through an approved alternative method. <br /> (b) Discretionary approvals. No discretionary approval shall be issued for a residential <br /> project subject to this article until the developer has submitted an inclusionary housing <br /> plan. <br /> (c) Issuance of building permit. No building permit shall be issued for a residential <br /> project subject to this article unless the executive director has approved the inclusionary <br /> housing plan, and any required inclusionary housing agreement has been recorded. <br /> (d) Issuance of certificate of occupancy. A certificate of occupancy shall not be issued <br /> for a residential project subject to this article unless the approved inclusionary housing <br /> plan has been fully implemented. <br /> Sec. 41-1906. Standards. <br /> (a) Location within project, relationship to non-inclusionary units. All inclusionary units <br /> shall be: <br /> (1) Reasonably dispersed throughout the residential project; <br /> (2) Proportional, in number of bedrooms, gross floor area of habitable space, <br /> and location, to the market rate units; <br /> (3) Comparable to the market rate units included in the residential project in <br /> terms of design, materials, finished quality, and appearance; and <br /> (4) Permitted the same access to project amenities and recreational facilities, <br /> as are market rate units. <br /> (b) Timing of construction. All inclusionary units in a residential project shall be <br /> constructed concurrent with, or before the construction of the market rate units. If the city <br /> approves a phased project, a proportional share of the required inclusionary units shall <br /> be provided within each phase of the residential project. <br /> (c) Location outside the proposed original project. For projects where the developer <br /> proposes to either produce new inclusionary units or rehabilitate existing off-site units to <br /> meet the inclusionary affordable housing requirements of this ordinance, the off-site <br /> project(s) containing the required inclusionary units shall be subject to the following <br /> requirements: <br /> City Council 8 — 13 ordhi*WLl©22-xxx <br /> Page 11 of 18 <br />