Reso 23-10 PC Reso 0035 Reso Recommending General Plan Amendment Approval - 505 E. Bayshore

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ATTY/RESO.0035/PC RESO RECOMMENDING GENERAL PLAN AMENDMENT APPROVAL - 505 E. BAYSHORE REV: 05-12-23 JB Page 10 of 32 Sale Prices will be defined by Section 50052.5 of the California Health and Safety Code and California Code of Regulations Title 25, Sections 6910‐6924. The proposed eight (8) BMR homes will be distributed throughout the respective buildings and allocated across all unit types, as shown on the attached site plan. The proposed distribution of BMR units by unit/bedroom type is shown in the table below. Subtotal Unit Type # Units % #BMR’s % 3 BR+Den, 2+2 Half BA A 12 21% 1 12.5% 2 BR, 2.5 BA B 12 21% 2 25% 3 BR, 3 BA C 12 21% 2 25% 3 BR + Den, 2+2 Half BA D 6 11% 1 12.5% 4 BR, 3.5 BA E 14 25% 2 25% 56 8 In addition to the 15% affordable homes provided on site, the applicant will pay one percent (1%) of the building valuation toward the closing costs, pre-paid homeowners’ association dues and/or property taxes of the initial purchasers of the eight (8) units. The building valuation shall be the same valuation that is used for determining building permit fees. The developer shall provide proof that this contribution has been deposited into an escrow account prior to issuance of the first building permit for the project. This amount would be distributed equally as a credit at close of escrow of the eight (8) units. b. The Planning Commission recommends that the City Council approve the Affordable Housing Plan subject to the Conditions of Approval attached hereto as Exhibit C. 8. Condominium Permit (CP2019-003): Pursuant to Municipal Code Chapter 30 (Subdivisions), Article XI (Condominiums) the project requires approval of a Condominium Permit. a. Findings. Section 30.130 states: “While condominium and community apartment projects present benefits in the nature of increased amenities, opportunities for dwelling ownership and leisure time, the special nature of such projects creates conditions that may result in neglect, deterioration and lack of maintenance, causing a negative impact upon the public health, safety, welfare and economic prosperity of the City and its citizens. Because of the unique nature of the problems created by condominium and community apartment projects, it is the express intent of the City to treat such projects differently from other types of multiple-family dwellings and to establish rules and standards