Reso PC20-14 0125 PC Reso South Main Mixed Use Project Entitlement Signed

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ATTY/RESO.0125/PC RESO SOUTH MAIN MIXED USE PROJECT – ENTITLEMENT REV: 10-27-2020 PR Page 20 of 38 no event exceed 80 percent of area median income, adjusted for family size at an “affordable rent” including a reasonable utility allowance (as defined in Health & Safety Code Section 50053). The Affordable Housing Agreement term shall be for a period of 55 years from the date of final certificate of occupancy. The affordable housing agreement shall specify the number, type, location, size, and phasing of all affordable units, provisions for marketing, income certification and screening of potential renters of units including the financing of ongoing administrative and monitoring costs, consistent with the approved affordable housing plan. The affordable housing agreement shall specify the delivery of these units relative to the commercial development and to the market rate units, consistent with condition #4 (Affordable Housing). e. Affordable Housing Agreement for Parcel D with the City restricting the rental of fifty (50) units, comprised of i. Eleven (11) studio/junior one-bedroom units, five (5) one-bedroom units, three (3) two-bedroom units, and one (1) three-bedroom units to moderate income households (as defined in Health & Safety Code Section 50093) which shall in no event exceed 120 percent of area median income, adjusted for family size at an “affordable rent” including a reasonable utility allowance (as defined in Health & Safety Code Section 50053); ii. Eleven (11) studio/junior one-bedroom units, six (6) one-bedroom units, three (3) two-bedroom units, and one (1) three-bedroom unit to low income households (as defined in Health & Safety Code Section 50079.5) which shall in no event exceed 80 percent of area median income, adjusted for family size at an “affordable rent” including a reasonable utility allowance (as defined in Health & Safety Code Section 50053); and iii. Three (3) studio/junior one-bedroom units, three (3) one-bedroom units, two (2) two-bedroom units, and one (1) three-bedroom unit to very low income households (as defined in Health & Safety Code Section 50105) which shall in no event exceed 50 percent of area median income, adjusted for family size at an “affordable rent” including a reasonable utility allowance (as defined in Health & Safety Code Section 50053). The Affordable Housing Agreement term shall be for a period of 55 years from the date of final certificate of occupancy. The affordable housing agreement shall specify the number, type, location, size, and phasing of all affordable units, provisions for marketing, income certification and screening of potential renters of units including the financing of ongoing administrative and monitoring costs, consistent with the approved affordable housing plan. The affordable housing agreement shall specify the delivery of these units relative to the commercial development and to the market rate units, consistent with condition #4 (Affordable Housing). f. Affordable Housing Agreement for Parcel F with the City restricting the rental of thirty- eight (38) units, comprised of