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1.2.1 Exhibit A—Legal Description of the Property <br /> 1.2.2 Exhibit B—Tenant Verification <br /> 1.2.3 Exhibit C—Annual Tenant Recertification <br /> 1.2.4 Exhibit D--Annual Rental Housing Compliance Report <br /> 1.2.5 Exhibit E—Notice of Affordability Restrictions on Transfer of Property <br /> 1.2.6 Exhibit F—Parking Management Plan <br /> 1.2.7 Exhibit G—Map of Location of Initial Affordable Units <br /> 1.2.8 Exhibit H—Density Bonus Setup Fee <br /> 2. DEVELOPMENT OF THE PROPERTY <br /> 2.1 Project. Developer shall develop, operate, and maintain the Property as a one- <br /> hundred and sevent -one 171 Unit mixed use commercial and residential development, with <br /> nineteen(19)Affordable Units for Very-Low Income Tenants. <br /> 2.2 Density Bonus. The Project shall have one-hundred and seventy-one ,17D Units, <br /> including nineteen (19) Affordable Units, to be rented, occupied, operated, and maintained <br /> pursuant to the terms and conditions of this Agreement. Developer understands and agrees that <br /> Developer is utilizing a thirty-five percent (35%) density bonus increase provided by the State <br /> Density Bonus Law (127 Base Units x 35% = 45 State Density Bonus Units) for a total of 171 <br /> units. Although Developer has a right to construct up to forty-five(45) State Density Bonus Units <br /> on the Property, Developer has elected to construct or develop, or otherwise claim a right to <br /> construct or develop, no more than forty-four(44)State Density Bonus Units on the Property. <br /> 2.3 Development Concessions, Incentives, and Waivers. As set forth in the City <br /> entitlements,Developer petitioned for and is hereby granted the following concessions,incentives, <br /> and waivers as part of the approval of Density Bonus Agreement No. 2020-01 for the Project: <br /> 2.3.1 The onsite parking standards for the Project shall be reduced from 2.15 <br /> parking spaces per unit to 1.15 spaces per unit pursuant to California Government Code sections <br /> 65915(p)(1), which provides onsite parking at the ratio of one (1) stall for studio or one-bedroom <br /> units, and two (2) stalls for two- to three-bedroom units, for a total of 196 onsite parking spaces <br /> for the Project. <br /> 2.3.2 The General Plan Land Use Element Downtown District Center floor area <br /> ratio maximum of 3.0 shall be waived in accordance with Government Code Section 65915(e)(1), <br /> as such a maximum floor area for the development site of 4.2 with floor area as defined by <br /> California Government Code Section 65917.2(a)(2) shall be permitted for the development site. <br /> 5 <br />