Ord04 2264 - Laserfiche WebLink

Browse Search

! Appendix B - Project Conditions J ¡ Mfordable Housing each phase of development. Prior to issuance of building per- mits for each phase of residential development, the applicant , 14. A minimum of fifteen percent (15%) of the proposed number of shall provide verification to the City that a minimum of 10% of . residential units shall be affordable to very-low, low or moder- the units constructed to that date are available or were sold at I ate-income households. Of these units, at least five percent (5%) moderate-income levels. shall be affordable to very-low income households that do not 1 exceed 50% of the County median income. The remaining ten Disclosures I ! percent (10%) shall be affordable to moderate-income house- i ¡ holds that do not exceed 120% of the County median income. 17. Written disclosure shall be made to all prospective residents of . Determination of compliance with these provisions shall be the project, regarding the proximity of residences to electrical 4 made at the time of review of the Planned Community Permit transmission lines. The form of the disclosure shall be reviewed I applications for each phase of development. and approved by the City prior to approval of the Final Map for , each phase of the development. The disclosure documents shall ¡ 15. The 5% very-low in~ome units may, with the City's concurrence, be recorded for future owners in perpetuity, unless otherwise ! be located outside the Preàse Plan Area in a City-approved or agreed to by the City. I I planned project. This requirement may be satisfied by payment to the City of an amount determined by the City as sufficient to 18. Written disclosure shall be made to all prospective residents of , provide for such units or by contribution to another entity, sub- the project regarding the proximity of residences to allowed ject to the City's approval. Payment of funds or other commit- industrial uses along Blomquist Street, Seaport Boulevard and I ments for construction of units for those units built outside the surrounding areas. The form of the disclosure shall be reviewed Precise Plan area shall be made prior to issuance of building and approved by the City prior to approval of the Final Map for ¡ permits for the initial phase of development. each phase of the development. The disclosure documents shall ! be recorded for future owners in perpetuity in all property title 16. The 10% moderate-income units shall be provided in the form of documents, CC&R's, sales transfer agreements, and leases. I on-site ownership housing equal in quality (finishes and fea- Should all neighboring industrial uses become non-existent, the tures) to at least one-third of the market rate housing units and City would have the option of waiving the disclosure require- I with a variety of unit types and mixes throughout the project. A ment as no longer relevant. ., program to maintain these units at affordable levels in perpetu- ity shall be established as part of Precise Plan Area development 19(a). State Disclosure Requirements. All property for sale in the ¡ and approved by the City prior to issuance of initial phase build- Marina Shores Village development is subject to the real es- ing permits. Affordable ownership units shall be managed by tate disclosure notice requirement(s) of Chapter 496, Statutes I the developer or by a third-party with a long term contractual of 2002 State of California. commitment to managing the units or another mechanism shall I be provided to maintain affordability as acceptable to the City. 19(b). City Review. The form of the disclosure shall be reviewed and Designation of the managing entity must be provided to the approved by the City prior to approval of the Final Map for satisfaction of the City prior to issuance of building permits for each phase of the development. The disclosure documents I - 91 - I