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Agmt25 1900 Broadway Owner LLC
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Agmt25 1900 Broadway Owner LLC
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Last modified
1/22/2025 10:54:25 AM
Creation date
1/22/2025 10:50:44 AM
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Agreement
PROJECT NAME
Affordable Housing Land Donation Agreement
RMP File Number
304
Date
1/21/2025
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4. Amendments. Once approved, the Affordable Housing Plan may be amended prior to issuance <br />of any building permit for the Office Project. A request for a minor modification of an approved <br />affordable housing plan may be granted by the Community Development Director if the <br />modification is substantially in compliance with the original affordable housing plan and <br />conditions of approval. Other modifications to the affordable housing plan shall be processed in <br />the same manner as the original plan. <br />Recorded Restriction. As a condition of approval of the Office Project, an affordable housing <br />agreement acceptable to the Community Development Director will be recorded against the <br />Woodside Road parcel as part of the final parcel map, or issuance of any building permit, for the <br />Office Project, whichever occurs first. The affordable housing agreement will specify the <br />number, type, location, size, and phasing of all affordable units, provisions for income <br />certification and screening of potential renters of units, including the financing of ongoing <br />administrative and monitoring costs, consistent with the approved affordable housing plan, as <br />determined by the Community Development Director. The affordable housing agreement will be <br />recorded against the affordable parcel in the form of a resale restriction, deed of trust, or <br />regulatory agreement, as applicable, in a form approved by the City Attorney and executed by <br />the City Manager to ensure the continued affordability of the affordable units. <br />18 <br />ATTY/AGR/2024.193.1—AFFORDABLE HOUSING LAND DONATION AGREEMENT- EXHIBIT B - AFFORDABLE HOUSING PLAN <br />REV: 10-22-24 VR Page 18 of 48 <br />
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