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LS 9.10.15 <br />(2) Concession on one of the following Zoning Code site development <br />standards: <br />(i) Setback reduction of up to 25% reduction on subject property; <br />(ii) Height increase of up to 20 additional feet; <br />(iii) Density Bonus such that: <br />a) An applicant must select only one housing affordability <br />income level to merit a density bonus. A combination of <br />affordable housing income levels is not permitted to be <br />combined to increase the amount of density bonus. <br />b) For each 1 percent increase above 15 percent in the <br />percentage of units affordable to low income households, the <br />density bonus shall be increased by 1.5 percent up to a <br />maximum of 35 percent. <br />c) For each 1 percent increase above 10 percent in the <br />percentage of units affordable to very low income <br />households, the density bonus shall be increased by 2.5 <br />percent up to a maximum of 35 percent. <br />Sec. 41 -1910. Administrative <br />(a) In -Lieu Fee Calculation. The amount per square foot of the inclusionary housing in- <br />lieu fee shall be subject to City Council review and consideration before the end of <br />calendar year 2018, but after June 30, 2018. Between July 1, 2018 and December <br />31, 2018, staff shall report on the effectiveness of this ordinance and provide <br />options for Council consideration on the components of this ordinance, including, <br />but not limited to, the monetary amount of inclusionary in -lieu fee per square foot. <br />(b) Pipeline Projects. The applicant(s) of any project for which a site plan review <br />application was submitted and such application was deemed complete prior to <br />August 4, 2015 may either construct the inclusionary units pursuant to the prior <br />Housing Opportunity Ordinance (Ordinance No. NS -2825) or pay an in lieu fee <br />calculated by the formula under the prior Housing Opportunity Ordinance <br />(Ordinance No. NS -2825) or request to revise its Inclusionary Housing Plan and /or <br />Inclusionary Housing Agreement and pay an in -lieu fee of $9.35 per square foot of <br />habitable space for the entire Project's inclusionary housing obligation. <br />(c) Administration Fees. The Council may by resolution establish reasonable fees and <br />deposits for the administration of this Article including an annual monitoring fee and <br />an Inclusionary Housing Plan Submittal fee. <br />(d) Monitoring /Audits. At the time of initial occupancy, and annually thereafter, the City <br />will monitor the Project to ensure that the income verifications are correct and in <br />compliance with the Inclusionary Housing Administrative Procedures. For <br />ownership units, the City shall monitor to verify that owner - occupancy requirements <br />Ordinance No. NS -2885 <br />Page 3 of 5 <br />