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(c) Units for sale. If the new residential project consists of units for sale, then a <br /> minimum of#five (54:9) percent of the total number of units in the project shall be sold <br /> to moderate-income households. <br /> (d) Rental units. If the new residential project consists of rental units, the inclusionary <br /> units shall be constructed as follows: <br /> (1) A minimum of fifteen (15) percent of the units shall be rented to low-income <br /> households, or <br /> (2) A minimum of ten (10) percent shall be rented to very low-income <br /> households, or <br /> (3) A minimum of five (5) percent shall be rented to extremely low-income <br /> households, or <br /> (4) A minimum of ten (10) percent shall be available at an affordable housing <br /> cost of which five (5) percent rented to low-income households, three (3) percent rented <br /> to very low-income households, and two (2) percent rented to extremely low-income <br /> households. <br /> (e) Rounding of quantities in calculations. In calculating the required number of <br /> inclusionary units, fractional units shall be rounded-up to the next whole unit. The <br /> developer may choose to pay an in-lieu fee set forth in section 41-1904(c)for the fractional <br /> units, which shall be calculated based on the number of habitable square feet applicable <br /> in each case. <br /> (f) Displacement of existing inclusionary units. Notwithstanding any other provision of <br /> this article, any residential project subject to this article that results in the displacement of <br /> extremely low, very low and/or low-income household(s) shall be required to provide on- <br /> site inclusionary units as required by this article. <br /> (g) Compliance with article. All inclusionary units required by this article shall be sold <br /> or rented in compliance with this article. <br /> Sec. 41-1903. Exempt projects. <br /> The following are exempt from the requirements of this article: <br /> (a) Development agreements. A residential project that is the subject of a <br /> development agreement under applicable provisions of the California Government Code <br /> that expressly provides for an exclusion to this article, provides for a different amount of <br /> inclusionary units, or provides for a different specified method for determining the in-lieu <br /> fee provisions of this ordinance, such as the timing of payment or the point in time for <br /> determining the applicable in-lieu fee amount, to satisfy the inclusionary units from that <br /> specified by this article. <br /> City Council 8 - 8 orchi*WL022-xxx <br /> Page 6 of 18 <br />