80A - JOINT PH - TRANSIT ZONING CODE, FINAL EIR, SPECIFIC PLAN ETC. - ORIGINAL PACKET PROVIDED TO COUNCIL

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resolution of some issues; and, 2 ) commit all signatories to future dialog, sturdy and negotiation on some issues that cannot be finalized at this time. 1. Housing Issues a. Affordable Housing Project. Agency intends to require, by Nay of 55 year covenant, that 100% of the rental units in Affordable Housing Project will meet applicable standards of affordability at 0% annual medium ineonl (AMI) and below, with 20% of the units meeting 30% AMI standard (extremely low). Additionally, at least one unit in eacli for sale development block will be restricted for affordable homeownership, All of the income restricted "affordable" units will have affordability covenants recorded on the properties pur•strant to State law. These requirements will be set folly in the DIVA. b. Affordable Housing — Futi -e Agency-Assisted Rental Housing Projects. With regard to future rental residential props in the Station District, the Agency agrees,, by gay of 55 year covenant, that if low and moderate income housing funds are used to financially assist such projects, the units will b e offered at 8 0 oft the AMI, with. a in i n i in u of 10% of'tlie units at 30% AM I, along with the requisite affordability covenants. e. Area -Wide ffor•dable Housing Goal, The City is prepared to pursue the consideration of an "inclusionar ;y housing" ordinance that is applicable to the industrial areas which, under the ` ZC, are slated for future conversion to residential uses. Stich an irrclusionary housing ordinance world apply to other areas in the city identified in the City's 2009 Housing Element for conversion from commercial or industrial land use to multi-family residential development. The City will convene, within the next 90 days, a task force with the affected property owners acrd stakeholders such as the Collaborative and the Building industry Association with the goal of laving an in lusionary housing ordinance in place before the end of 2010. This is a matter of further dialog, d. Affordable Housing Project Child Care. The initial phase of the Affordable Housing Project includes a 3,000 s.f project community space. Under the DI , the Developer will be required to work with the Agency, the stakeholders in the community including menders of the Collaborative and project residents to identify a child care operator# that could utilize a portion of this space, up to 1000 sq. ft., to meet the reeds of project residents. The unimproved space will be allocated at no charge for this purpose; however, the operator will be responsible for the funding of any needed tenant improvements as well as the program. In the event that, despite their best efforts, Agency and Developer are unable to find a childeare provider within 6 months from issuance of a final certificate of occupancy for the day care facility, this requirement is waived. These requirements will be set forth in the DI . 2