80A - TRANSIT CODE AND STATION DISTRICT - EXHIBIT N

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resalr~tio~ of sore iss~zes; at~d, {2} corrrrrrlt ail signatories to frlt~ll'e dialog, study a~~d 1]egatiatiol~ on soave iss~les that car7not final iced t this time, ousirt~ ~sstre~ c~, Affordable ~ou5~I1~ Pt'o~ec~, Ael~cy intends to requil•e, by ~vay of 5~ year co~ena~at, that 1 ~~°Io of the rental units its Affoldable pausing Project mill meet applicable stal~dards of affordability at SO°I~ al~l~ual i~redi~r~rr incol~~e ~ANiI}and belay, ~vitl~ ~a°Io aftl~e ul~its Meeting 3a°Io AEI standard~ext~•e~~~cly lo~~, Additial~lly~ at least one ul]lt rn each for• sale de~eloplrlet~t black will be restricted far affordable lloea~vl~er•sl~ip, All aftl~e it~co~i~e restricted "affordable" u~~its will have affar•dab~l~f~ covel~al~ts 1+ecorded an the properties p~ll•s~lant to Mate la~v, These recl~lir•el~~el~ts ~~ill be set forth its tl~e ~l~Ar b~ Affordable I~o~lsir~g - ~r~tur•e Age~tcy-Assisted Reri~al ausirzg Prajccfs, V~~tl~ lieal~d to filture rental res~de~~t~al pr•D~eCts rl~ the tat~an ~15ti'lct, tl~e Agency agrees, by ~V~y of ~5 year cove~~a~~t, that ~f lam at~d tr~adel•ate incorrre l~ousi~~g funds are used to fi~~a~~cially assist such projects, the u~~its will be affer•ed at 80°Io afthe AI~II, ~vitl~ a ~ninit~lut of l~°I~ oftl~e ~~~~its at ~~°lo A1~~, slang ~itl~ the requisite affordability cavel~ants, c, Area,i~~c Affordable Hotisl~~ Baal, Tie City is prepared to purse tl~e cot~sidel•atiarr of alb "incl~~sionary lousing" ordinance that is applicable to the i~ld~lstl•ial areas ~vl~icl~, under the TIC, are slated fat' 'r~tr~re cor~versiol~ to r•eslder]tlal lases, ~1C1'1 an il~clusior~ar•y Dousing or'dirrance would apply to other areas il~ tl~e city idel~tified in. tl~e City's ~~0 Dousing Elel~~ent for conversion frar~ colnlnercial ~1' ind~lstl•iai lard ~~se to t~~ulti-family residelatial develapt~ent. Tl~e City gill co~~vene, v~ithin tDe nest 9~ days, a tasl~ farce Tit] the affected property owners al~d stal~el~olde~•s sr~cl~ as tl~e Collaborative and the l~rildin Xt~dustry Assoclatron with tl~e goal of l~aving an rl~clusrol~ary lousing ordinance il~ dace before tl~e end of ~ ~ 4, Tl~ls is a matter' of further dialog, d, Affordable orrsi~rg Project liild dare, The initial phase of tl~e Affordable ~a~~sitY P~'aject lnclt~des a xODD s,f pl'a~ect col~llr~ur~lty spa~e~ lender the DDA, tl~e Developer' mill be required to warp v~itl~ tl~e Aget~cya file stal~el~olders in tl~e colr~ln~~t~ity i~~cludin lr~e~nbers oftl~e Collabar•ative and project residents to identify a cl~lld care operator' that could ~tlllze a por~ian Dfthis space, up to iaa~ s~, ft,, to ~r~eet tl~e needs ofpraject residents, The ur~i~npro~ed space will be allocated at loo charge far this p~lrpose; ha~ever, file aper•ator ~~ill be respat~sible far tl~e fundll~g of any needed tenal~t 1111pra~ements as well as the p~•agratrl. In the evert that, despite their best efforts, Agency al~d Develal~er ar•e ~~l~able to ~~~d a childcare provider within ~noz~tl~s f~•alr~ issuance of a final certificate of occ~lpancy for tl~e day care facility, this 1•equirerrrent is ~~aived, These re~uir•emel~ts 4111 beset fat~l~ i n tDe I~DA, 2 l