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25D - AGMT - INCLUSIONARY HOUSING
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25D - AGMT - INCLUSIONARY HOUSING
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Last modified
2/2/2017 3:37:39 PM
Creation date
2/2/2017 3:10:14 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
25D
Date
2/7/2017
Destruction Year
2022
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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 />Incluslonary 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 />Pro�r'oe ittZental Fiousinc� pro ects: <br />Number of <br />Unit Size Number of Number of Very -Low Total percent <br />Number of (Square Market Rate Low Income Income Number of Tots Feet) Units Units Units of Units Units <br />Studio 587 _ 327 <br />748 501 - <br />1121 359 - <br />3 1434 334 <br />4 <br />5 � - <br />Total 849 1221 <br />1 If the calculailon of the number of required incluslonary housing units results In a fracllon, the developer has the option to <br />(a) provide an additional Incluslanary housing unit or (b) pay an Irl Llou Fee equal to the percentage represented by the fractional <br />incluslonary housing unit multiplied by the applicable In -Lleu Fee <br />9:plauning \GladcalAcunter PUrrziulHOOappllcatlan Pafla 2 of <br />i %a <br />25D -28 <br />
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