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LS 7.96.15 <br />production. All new or rehabilitated units must meet all current zoning and <br />general plan standards, <br />(2) While the total number of square feet of inclusionary housinq requirement is <br />calculated based on the requirements of this ordinance the number of units, <br />Woe of affordable units mostly needed at the time of submittal of the <br />application. <br />terms of quality of design, materials and finishes <br />(4) If tenants are displaced due to rehabilitation of housing to meet Inclusionary <br />Unit requirement the Developer shall be responsible for relocation costs as <br />required by State law. <br />(5) No City Housing Authority, or public funds, subsidies, or participation of any <br />kind shall be expended on the production or building of any inclusionary <br />housing projects associated with meeting the Inclusionary Unit requirement. <br />phased proiect a proportional share of the required InclusionarV_Units shall be <br />provided within each phase of the Residential Project. <br />(e) Units for sale. <br />(1) Time limit for inclusionary restrictions. A unit for sale shall be restricted to <br />the target income level group at the applicable affordable housing cost for a <br />minimum of 45 5vears. <br />(2) Certification of purchasers. The Developer and all subsequent owners of an <br />Inclusionary Unit offered for sale shall certify, on a form provided by the City, <br />the income of the purchaser. <br />(3) Resale price control. In order to maintain the availability of inclusionary units <br />required by this Article, the resale price of an owner occupied inclusionary <br />Unit shall be limited to the lesser of the fair market value of the unit as <br />established by a licensed real estate agent based upon three comparable <br />properties or the restricted resale price. For these purposes, the restricted <br />resale price shall be the applicable Affordable Housing Cost. <br />50A -19 <br />