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OLSON URBAN HOUSING LLC. - 2016
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OLSON URBAN HOUSING LLC. - 2016
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Last modified
6/9/2017 12:07:18 PM
Creation date
11/9/2016 2:16:32 PM
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Contracts
Company Name
OLSON URBAN HOUSING LLC.
Contract #
A-2016-117
Agency
COMMUNITY DEVELOPMENT
Council Approval Date
5/17/2016
Destruction Year
0
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HOUSING ALTERNATIVES <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 />Proposed Rental Housing Projects: <br />Number of <br />Bedrooms <br />Unit Size <br />(Square <br />Feet) <br />Number of <br />Market Rate <br />Units <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 />1 <br />2 <br />3 <br />5 <br />Total <br />' If the calculation orthe 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 />inclusionary housing unit multiplied by the applicable In -Lieu Fee <br />Page 2 of 4 <br />S: Planning0encal-Counter FormsW00application <br />1/15 <br />
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