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25A - AGMT - HERITAGE VILLAGE INCLUSIONARY
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25A - AGMT - HERITAGE VILLAGE INCLUSIONARY
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Last modified
3/31/2016 4:11:39 PM
Creation date
3/31/2016 2:54:55 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
25A
Date
4/5/2016
Destruction Year
2021
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� u <br />Select the applicable alternatives to indicate how the project will comply with the <br />inclusionary housing requirement: <br />On -site construction of inclusionary units <br />X In -lieu fee payment for entire obligation' <br />In -lieu fee payment for fractional unit <br />Land dedication <br />Note: For development projects with more than 20 units requesting in -lieu fee payment <br />to fulfill their inclusionary obligation, "substantial evidence" that the cost of providing <br />inclusionary units on site would substantially exceed the amount of the applicable in -lieu <br />fee is to be provided with this application. <br />Please complete the following table(s) as it applies to your project proposal: <br />!4♦ r <br />Number of <br />Bedrooms <br />Unit Size <br />(Square <br />Feet) <br />Number of <br />Market Rate <br />Units <br />.327 <br />Number of <br />Low Income <br />Units <br />Number of <br />Very -Low <br />Income <br />Units <br />Total <br />Number <br />of Units <br />Percent <br />of Total <br />Units <br />Studio <br />.587 <br />__7__ <br />� .- <br />1 <br />8 4— <br />— <br />501 <br />2 <br />� <br />1121 -- <br />354 <br />3 <br />7.434. <br />334 <br />i- <br />4 <br />— <br />— <br />_- <br />Total <br />849 <br />1221 <br />i If the calculation of the number of required inclusionary housing units results in a fraction, the developer has the option to <br />(a) provide an additional inclusionary housing unit or (b) pay an In -Lieu Fee equal to the percentage represented by the fractional <br />incluslonary housing unit multiplied by the applicable In -Lieu Fee <br />SFlannintl \Clerical - Counter Forms \HOQapplicatian Page 2 of 4 <br />7 /iv <br />25A -28 <br />
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