Laserfiche WebLink
Density Bonus Agreement for 2222 East First Street <br />May 1, 2018 <br />Page 2 <br />Opportunity Ordinance, rental units in such developments that are designated "affordable" must <br />remain so for at least 55 years. For affordable senior housing projects, a developer may seek a <br />density bonus up to 20 percent from base density. In addition, the City's Housing Opportunity <br />Ordinance (HOO), last updated in 2015, augments the California Density Bonus Law by allowing <br />a developer to seek an additional 35 percent density bonus calculated from base density (SAMC <br />Sect. 41-1904.1). A summary of the proposed project's density calculation is provided below: <br />Project Density Calculation <br />Density or Bonus <br />Allowed for Project <br />Provided <br />285 units (3.17 acres x 90 <br />units/acre base density used <br />Base Density <br />as a standard for <br />285 units <br />developments in areas <br />designated DC by the General <br />Plan Land Use element <br />20 -Percent Density Bonus for <br />Senior Projects Provided by <br />285 x 20% = 57 units <br />+ 57 units <br />California Density Bonus Law <br />35 -Percent Density Bonus <br />Provided by the City's Housing <br />285 x 35% = 100 units <br />+ 76 units <br />Opportunity Ordinance <br />Total Units <br />442 units maximum <br />418 units proposed <br />Based on the above calculations, the proposed project complies with both the California Density <br />Bonus Law and the City's Housing Opportunity Ordinance. As such, a Density Bonus Agreement <br />has been prepared (Exhibit 1). Under California Density Bonus Law, a developer may seek <br />incentives or waivers (sometimes called concessions) to increase the viability of the proposed <br />project. The Planning Commission Staff Report from September 11, 2017 provides detailed <br />information regarding the requested incentives/concessions (Exhibit 2). <br />Project Description <br />The project includes demolition of an existing motel and restaurant and construction of an <br />affordable rental senior housing community. The project will contain one structure consisting of a <br />ground -level parking area and five levels of residential above. A total of 418 affordable rental <br />senior units will be provided on the project site, as well as one (1) on-site manager's unit. Units <br />will include studios (91), one -bedroom (262), and two-bedroom (65) units ranging in size from <br />402 to 899 square feet. All units will contain full kitchens, full bathrooms, storage, and <br />open/common (living) areas. <br />The project will contain 213 guest and resident parking spaces in an at -grade parking area <br />beneath the residential levels. The parking ratio conforms to the provisions in AB 744, which <br />allows affordable rental senior housing projects near major bus lines to provide 0.5 parking <br />spaces per residential unit. Full sized site plans are available for public viewing in the Clerk of <br />the Council Office. <br />60E-2 <br />