Agda Pkt 2025.11.24 Joint SA PFA

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Page 3 of 10 pressure on Parcel A, which operates under a ground lease structure requiring higher financial returns than Parcel D's fee-simple ownership. Table 2: Calculation of Base and Bonus Densities for Parcel A and D (Original vs. Proposed) Additionally, the Original Request sought concessions for increased building height and the concentration of uses across parcels to allow the construction of one residential building on each Parcel A and D. These concessions can be reclassified as waivers, as they address standards that physically preclude construction of the density bonus projects. This recategorization allows the Applicant to request new concessions to further reduce development costs. Consequently, the Applicant is requesting one (1) new concession for Parcel A and two (2) new concessions for Parcel D. The sections below detail the requests for Parcel A and D: Parcel A The Applicant proposes to make 5% of the base allowable residential units in Parcel A available to Very Low income households. The following identifies the requested density bonus, concession/incentive, development standard waiver and parking reduction. 1. Density Bonus – The provision of 5% Very Low income households entitles the Project to a 20% bonus. (Govt. Code, § 65915(f)). A 20% bonus is requested for Parcel A. Specifically, the base density allows 210 units, of which 11 units will be affordable to Very Low income households. The 20% density bonus allows a total of 252 units. While not directly relevant to the SDBL, it is noted that a bonus under the SDBL is consistent with the Mixed-Use Corridor Zoning district vision and intent to provide “high-density residential uses” within the district. (Zoning Code, § 53.1(A)) 2. Concessions/Incentives – Density bonus law grants one concessions/incentives for the provision of 5% Very Low income units. (Govt. Code § 65915(d)(2)(B)). The Applicant is requesting the following concession: 8.B. - Page 27 of 120 190