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<br />Ordinance No. NS-XXX <br />Page 10 of 18 <br />(2) Timing of payment. The total fee amount for the entirety of a project is <br />calculated, determined, and set at the time of issuance of the first building permit for the <br />project. The developer shall pay the All in-lieu fees allowed by this section shall be paid <br />no later than prior to issuance of the building permitfirst occupancy approval for any <br />construction which adds net residential units. The developer may provide input regarding <br />what project the in lieu fees should be applied towards, but such input shall not be <br />dispositive. The in in-lieu fees collected by the city are city funds over which the city has <br />complete and absolute discretion. <br />(4) <br />(3) Inclusionary housing fund. Fees collected in compliance with this section <br />shall be deposited in the inclusionary housing fund. <br /> <br />Sec. 41-1904.1. Inclusionary housing development incentives for production of <br />units. <br />(a) In order to make the production of new inclusionary units on-site or off-site or off- <br />site rehabilitated units, certain incentives, standards and concessions shall be allowed <br />and prescribed as set forth herein below. Such concessions shall not be available to those <br />developers that choose to pay an in lieu fee rather than build the units. The developer <br />may opt to take advantage of up to two (2) concessions among the following possible <br />concessions: <br />(1) Parking concession. One on-site parking space for each zero to one <br />bedroom unit; two (2) on-site parking spaces for each two (2) to three (3) bedroom unit; <br />two and one-half (2½) parking spaces for each four (4) or more bedroom unit. <br />(2) Concession on one of the following Zoning Code site development <br />standards: <br />(i) Setback reduction of up to twenty-five (25) percent reduction on <br />subject property; <br /> <br />(ii) Height increase of up to twenty (20) additional feet. <br /> <br />(b) A developer of a for sale residential project proposing to provide on-site moderate <br />income units and a surrounding community benefit may opt to take advantage of up to <br />three (3) of the above concessions. The surrounding community benefit will include but <br />not be limited to park improvements, urban community gardens, developer-funded down <br />payment assistance, or subsidy of services, activities or programs. <br /> <br />Sec. 41-1905. Housing plan and housing agreement. <br />(a) Submittal and execution. The developer shall comply with the following <br />requirements: <br />(1) Inclusionary housing plan. The developer shall submit an inclusionary <br />housing plan in a form specified by the executive director, detailing how the provisions of <br />this article will be implemented for the proposed residential project. The inclusionary <br />housing plan and its supportive documents, plans, and details shall be submitted at the <br />same time as the site plan and application materials for the original project. All