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25E - AGMT - INCLUSIONARY HERITAGE VILLAGE
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02/21/2017
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25E - AGMT - INCLUSIONARY HERITAGE VILLAGE
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Last modified
2/17/2017 6:49:20 AM
Creation date
2/16/2017 4:33:21 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
25E
Date
2/21/2017
Destruction Year
2022
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HOUSING ALTERNATIVES <br />Select the applicable allernatives to indicate how the project will comply with the <br />inclusionary housing requirement: <br />On-site construction of inclusionary units <br />XT 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 evidenre" that the cost of providing <br />inclusionary units on site would substantlally 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 />Pr0676�e�1 Menta! Flouaing Pro acts: <br />849 1 1221 <br />Total <br />Unit size <br />Number of <br />Number of <br />Number of <br />Very -Low <br />Number of <br />(square <br />Market Rate <br />Low Income <br />income <br />Bedrooms <br />feet) <br />Units <br />Units <br />Units <br />Studio <br />T587 <br />327 <br />74& <br />5p1 <br />1121 <br />35) <br />3 <br />1434 <br />334 <br />�T <br />4 <br />849 1 1221 <br />Total <br />Percent <br />Number <br />of Total <br />of Units <br />Units <br />f If the Calculation of the number ofrequirdd incluslonary housing units results Ina fraction, the developer has the Option to <br />(a) provide an additlonat moluslenary housing unit Cr (b) pay an In -Lieu 1=ee equal to the percentage reprosenled by the A'aotionel <br />inclusionary houeing unit multiplied by file applicable Imt.leu Fee <br />e:Plnnnina\Clerical-Counter FonoelHOOuppllcetlan Page 2 of 4 <br />1116 <br />25E-28 <br />
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