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LS 7.30.15 <br />(c) In -lieu fee. <br />(1) Twenty (20) or fewer units. In the case of a Residential Project containing <br />between five (5) and twenty (20) residential lots or residential units, the <br />Developer may elect to satisfy the Inclusionary Unit requirements for the <br />Project, in whole or in part, by payment of a fee in lieu of constructing some <br />or all of the required units. <br />(3)(2) Calculation of fee. The amount of the fee allowed by this Section shall be <br />units on site within the proposed Residential o., ,eet five dollars per square <br />foot ($5.00 /ft.2) of the sum total of the number of habitable square feet within <br />the entire Project, as measured from the exterior walls of the residential <br />units. This calculation does not include exterior hallways, common areas, <br />landscape, open space or exterior stairways. <br />(4)(2) Timing of payment. The Developer shall pay any in -lieu fees allowed by this <br />Section in full before issuance of a the first Building Permit for any portion of <br />the Residential Project, including any non - residential portions of a mixed -use <br />development. <br />(5)(4� Inclusionary Housing Fund. Fees collected in compliance with this Section <br />shall be deposited in the Inclusionary Housing Fund. <br />Sec. 41- 1904.1. Inclusionary Housinq Development Incentives <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 <br />allowed and prescribed as set forth herein below. The Developer may opt to take <br />advantage of up to two (2) concessions among the following possible concessions: <br />(1) Parking Concession: one (1) on -site parking space for each 0 -1 bedroom <br />unit two (2) on -site parking spaces for each 2 -3 bedroom unit; 2' /z parking <br />spaces for each 4 or more bedroom unit. <br />M <br />75B -18 <br />- - - - - <br />NO <br />11 1111� <br />Fa <br />(3)(2) Calculation of fee. The amount of the fee allowed by this Section shall be <br />units on site within the proposed Residential o., ,eet five dollars per square <br />foot ($5.00 /ft.2) of the sum total of the number of habitable square feet within <br />the entire Project, as measured from the exterior walls of the residential <br />units. This calculation does not include exterior hallways, common areas, <br />landscape, open space or exterior stairways. <br />(4)(2) Timing of payment. The Developer shall pay any in -lieu fees allowed by this <br />Section in full before issuance of a the first Building Permit for any portion of <br />the Residential Project, including any non - residential portions of a mixed -use <br />development. <br />(5)(4� Inclusionary Housing Fund. Fees collected in compliance with this Section <br />shall be deposited in the Inclusionary Housing Fund. <br />Sec. 41- 1904.1. Inclusionary Housinq Development Incentives <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 <br />allowed and prescribed as set forth herein below. The Developer may opt to take <br />advantage of up to two (2) concessions among the following possible concessions: <br />(1) Parking Concession: one (1) on -site parking space for each 0 -1 bedroom <br />unit two (2) on -site parking spaces for each 2 -3 bedroom unit; 2' /z parking <br />spaces for each 4 or more bedroom unit. <br />M <br />75B -18 <br />