Item 12 - Density Bonus Agreement No. 2025-03

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DBA No. 2025-03 — Olive Crest (2130 East Fourth Street) June 23, 2025 Page 5 Standard Required/Allowed Provided East side yard: 5 feet (min.) East side yard: 10 feet (min.) Rear: 5 feet (min.) Rear: 10 feet (min.) Setbacks Internal aisle: 3 feet (min.) Internal aisle: 3 feet (min.) Adjacent to parking: 7 feet (min.) Adjacent to parking: 7 feet (min.) Building to building: 6 feet min. Building to building: 10 feet Frontage Type Front Porch, Stoop, Forecourt, Shop Arcade frontage provided. Front, Gallery, or Arcade Publicly Accessible Open 10-percent of the gross site area None provided. — Requires Space 11,503 square feet Concession, Incentive, or Waiver Common: Five -percent of the total development site area (gross area) 1.4 percent of the lot Common Open Space for nonresidential uses (5,062 square (1,430 square feet) — Requires feet) Concession, Incentive, or Waiver) Private Open Space 90 square feet per unit None provided. — Requires 1,350 square feet Concession, Incentive, or Waiver Residential: 2.25 spaces per unit (34 spaces required) Non-residential: 3 spaces/ 1,000 Residential: Zero spaces per unit square feet (94 spaces required) Non-residential: 136 spaces Parking Spaces Total: 128 spaces required Total: 136 State Density Bonus Ratio* Requires Concession, Incentive, or Residential: 23 spaces (1.5 per 2 Waiver bedroom units) * Pursuant to California Government Code Section 65915-65918 Density Bonus Law As part of the Project, the Applicant is seeking concessions allowable by the California Density Bonus law which allow developers proposing five or more residential units to seek increases in base density for providing on -site housing units in exchange for providing affordable units on site. To help make constructing on -site affordable units feasible, the law allows developers to seek up to three incentives/concessions and an unlimited number of waivers, which are essentially variances from development standards that would help the Project be built without significant burden and without detriment to public health. The first version of the Density Bonus Law was adopted in 1979 and has since been amended at various times. Recent revisions allow affordable housing developers to request incentives/concessions and/or waivers or reductions for affordable or mixed -income developments, even if they do not require a numerical density bonus. Moreover, in early 2017, the law was amended to restrict the ability of local jurisdictions to require studies to "justify" the density bonus and requested incentives/waivers and places the onus on local jurisdictions to prove that the incentives/concessions or waivers are not financially warranted.