Reso23-06 PC Reso Reso 0028 Approving 1201 Main with Conditions of Approval 04.18.2023

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ATTY/RESO.0028/PC RESO APPROVING 1201 MAIN WITH CONDITIONS OF APPROVAL REV: 04-18-23 VR Page 14 of 34 Based on substantial evidence, the proposed Affordable Housing Plan contains an alternative percentages and levels of affordability that will provide as many or more affordable units at the same or lower income levels or will otherwise provide greater public benefit than the standard requirement. The proposed affordable units mitigate the project’s impact on the need for affordable housing by providing fifteen (15%) of the base units as affordable onsite, or four total (4) units, but at lower income levels than what is specified in Section 29.4.A.1 and paying an in-lieu fee for fractional units. Of the four units, the project proposes one fewer moderate unit than required but an additional unit at the low income level. These units are comprised of one moderate unit (one-bedroom); two low-income units (a studio and a one-bedroom); and one very-low-income unit (a one-bedroom). The project will also pay an in-lieu fee of $68,703.80 for fractional units. Because the project proposes more affordable units at a lower income level, there is substantial evidence to support a determination under Section 29.4(A)(1) that the project’s alternative percentages will provide more affordable units at a lower income level. Moreover, the additional unit at the lower income level provides a greater public benefit than the standard requirements since it is generally more difficult to provide sufficient housing at the lower affordability levels. Section 7. The Planning Commission hereby approves the Architectural Permit, Conditional Use Permit, Tentative Parcel Map, and Affordable Housing Plan subject to the Conditions of Approval (Exhibit A) attached and incorporated by reference. Section 8. This Resolution is effective upon its adoption. * * *