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• All Inclusionary Units (rental and ownership) 55 years <br />• Apply only to conversions for number of units in excess of General <br />Plan prescribed densities <br />• Remove Takings Determination from ordinance <br />• Remove Executive Director Discretionary Authority <br />• Simplify In -Lieu fee calculation ($5 /square foot of habitable space) <br />INCENTIVES AND CONCESSIONS <br />Similar to State Density Bonus (SB 1818): <br />• Parking: <br />• 1 space/ 0 -1 bedroom units <br />■ 2 spaces /2 -3 bedroom units <br />• 2 "/2 spaces for 4 or more bedroom units <br />■ Development Standards: <br />• Setback - up to 25 percent <br />• Height — up to 20 feet <br />INCENTIVES AND CONCESSIONS <br />Similar to State Density Bonus (SB 1818): <br />• Parking: <br />■ 1 space/ 0 -1 bedroom units <br />■ 2 spaces /2 -3 bedroom units <br />• 2 %2 spaces for 4 or more bedroom units <br />• Development Standards: <br />• Setback - up to 25 percent <br />• Height — up to 20 feet <br />INCENTIVES AND CONCESSIONS <br />Similar to State Density Bonus (SB 1818): <br />• Sliding Scale additional density bonus for every additional affordable <br />unit beyond required inclusionary units <br />PROPOSED MODIFICATIONS <br />• Pipeline projects eligible for newly adopted In -Lieu fee: <br />• Deemed complete prior to August 4, 2015 <br />• Submit new or revised Housing Inclusionary Plan <br />• Pay In -Lieu fee of $5/ square feet <br />• Revisit /reevaluate in 3 years <br />DISCUSSIONS SINCE PC MEETING <br />• Earmarking In -Lieu fees <br />• In -Lieu fee for 21 or more unit projects at a higher rate <br />• Allowing up to 50 units to pay in -lieu fee <br />• Extremely Low not addressed <br />EARMARKING IN -LIEU FEES <br />OPEN REQUEST FOR PROPOSAL PROCESS <br />CITY COUNCIL MINUTES 14 AUGUST 4, 2015 <br />1 0A -16 <br />