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05/20/2019 <br />standards in Section 29.6 (A) (Quality of Construction and Number of <br />Bedrooms) as the project builds affordable housing in one building with <br />amenities and finishes that differ from the market rate units. The affordable <br />units will be constructed separately, and is planned to be available at an earlier <br />or same time then the market rate units. This alternative is allowed under <br />Section 29.8(D) (Other Alternatives). This alternative allows for amenities and <br />unit sizes that meet the needs of low income households, and allows for <br />management of the property by a nonprofit housing developer, including a unit <br />for an on-site manager. The affordable units will mitigate the impact of the <br />project, including the office and retail uses, on the need for affordable housing <br />by providing a percentage of affordable units at the extremely low, very low, <br />and low income level onsite, as described in the staff report. The affordable <br />units would be available to qualifying households and remain affordable units <br />for a duration of 55 years. <br />Section 7. Council Approval: The City Council approves the Architectural Permit, <br />Planned Development Permit, Vesting Tentative Map, State Density Bonus Concessions, Use <br />Permit and Affordable Housing Plan, based upon certification of the Final EIR and subject to <br />the Conditions of Approval (Exhibit A) attached and incorporated by reference. <br />Section 8. This Resolution is effective upon its adoption. <br />ATTY/RESO.0051 CC RESO APPROVING PROJECT — BROADWAY PLAZA RE50. NO. 15769 <br />REV: 05-15-19 PR MUFF NO. 601 <br />Page 7 of 22 <br />