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REQUEST FOR <br />COUNCIL ACTION <br />CITY COUNCIL MEETING DATE: <br />MAY 1, 2018 <br />TITLE: <br />DENSITY BONUS AGREEMENT TO ALLOW A <br />418 -UNIT AFFORDABLE SENIOR RENTAL <br />COMMUNITY AT 2222 EAST FIRST STREET <br />{STRATEGIC PLAN NOS. 3,2; 5,3) <br />RECOMMENDED ACTION <br />CLERK OF COUNCIL USE ONLY: <br />APPROVED <br />❑ As Recommended <br />❑ As Amended <br />❑ Ordinance on 1 s Reading <br />❑ Ordinance on 2nd Reading <br />❑ Implementing Resolution <br />❑ Set Public Hearing For <br />CONTINUED TO <br />FILE NUMBER <br />Authorize the City Manager and Clerk of the Council to execute a Density Bonus Agreement with <br />Affordable Housing Land Consultants, Inc., or assigns, for a 55 -year term, subject to non - <br />substantive changes approved by the City Manager and City Attorney for the development of a <br />418 -unit affordable senior rental residential community at 2222 East First Street. <br />PLANNING COMMISSION ACTION <br />At its regular meeting on September 11, 2017, the Planning Commission recommended approval <br />of the Density Bonus Agreement No. 2017-01 by City Council as conditioned to allow <br />construction of a 418 -unit affordable senior rental residential community at 2222 East First Street <br />located in the Metro East Mixed Use Overlay District (OZ -1). Planning Commission approved the <br />recommended action on September 11, 2017 by a vote of 5:2 (Contreras -Leo and Nguyen <br />opposed). <br />DISCUSSION <br />The California Density Bonus Law allows developers to seek increases in allowed zoning density <br />by providing additional affordable housing units on-site. To make development of on-site <br />affordable housing units feasible, the law allows developers to request incentives or waivers, <br />which are essentially variances from development standards. The first version of the Density <br />Bonus Law was adopted in 1979 and has been amended from time to time. In early 2017, the law <br />was amended to restrict the ability of local jurisdictions to require studies to justify a density <br />bonus and places the burden on local granting authorities to prove that the requested <br />incentives/waivers are not financially warranted. <br />The California Density Bonus Law applies to projects proposing five or more residential units and <br />grants density bonuses to those projects meeting certain requirements for affordability levels and <br />types of housing (family, veterans, etc.). Pursuant to State law and the City's Housing <br />60E-1 <br />