Laserfiche WebLink
trust, resale restrictions, rights of first refusal, options to purchase, and /or other <br />documents, which shall be recorded against all Inclusionary Units. <br />(h) General Prohibitions. <br />(1) No person shall sell or rent an Inclusionary Unit at a price or rent in excess <br />of the maximum amount allowed by any restriction placed on the unit in <br />accordance with this Article. <br />(2) No person shall sell or rent an Inclusionary Unit to a person or persons that <br />do not meet the income restrictions placed on the unit in accordance with <br />this Article. <br />(3) No person shall provide false or materially incomplete information to the City <br />or to a seller or lessor of an Inclusionary Unit to obtain occupancy of housing <br />for which that person is not eligible. <br />(i) Principal Residency Requirement. <br />(1) The owner or lessee of an Inclusionary Unit shall reside in the unit for not <br />less than ten out of every twelve months. <br />(2) No owner or lessee of an Inclusionary Unit shall lease or sublease, as <br />applicable, an Inclusionary Unit without the prior permission of the Executive <br />Director. <br />Sec. 41 -1907. Reserved <br />Sec. 41 -1908. Enforcement <br />(a) Violation. Any violation of this Article constitutes a misdemeanor. <br />(b) Forfeiture of funds. Any individual who sells an Inclusionary Unit in violation of this <br />Article shall be required to forfeit any money in excess of the Affordable Housing <br />Cost at such time. Any individual who rents an Inclusionary Unit in violation of this <br />Article shall be required to forfeit all money so obtained. Recovered funds shall be <br />deposited into the Inclusionary Housing Fund. <br />(c) Legal actions. The City may institute any appropriate legal actions or proceedings <br />necessary to ensure compliance with this Article, including actions: <br />(1) To disapprove, revoke, or suspend any permit, including a Building Permit, <br />Certificate of Occupancy, or discretionary approval; and <br />(2) For injunctive relief or damages. <br />Ordinance No. NS -2881 <br />Page 12 of 17 <br />