Reso24-10 0080 PC Reso 590 Veterans & 91 Winslow Project

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ATTY/RESO.0080/PC RESO 590 VETERANS & 91 WINSLOW PROJECT – EXHIBIT A - COA REV: 11-14-24 JB Page 5 of 19 a. A Landscape Maintenance Agreement for all assigned landscape areas in public rights of way, easements, and/or on property in which the City holds an interest to be maintained. Maintenance items shall include, but are not limited to, planting trees, shrubs, flowers, grass and all appurtenances including irrigation systems and pedestrian scale lighting. b. A Stormwater Treatment Measures Maintenance Agreement for all on-site stormwater treatment measures associated with the project. c. An Improvement Agreement to guarantee the installation of all improvements required of the project and to provide for payment of all City inspection and plan check charges associated with the installation of public and private improvements, including, but not limited to, streets, sanitary sewers, water, storm drains and street lights. d. Affordable Housing Agreement restricting the sale and/or rental of ten (10) units, comprised of three (3) one-bedroom units, six (6) two-bedroom units, and one (1) three-bedroom unit. In the event these units are rented for any period of time, all ten (10) units will be restricted to very low income households (as defined in Health & Safety Code Section 50105) which shall in no event exceed 50 percent of the area median income adjusted for family size, at an “affordable rent” including a reasonable utility allowance (as defined in Health & Safety Code Section 50053). In the event these units are sold, all ten (10) units will be restricted to very low income households, which shall in no event exceed 50 percent of the area median income adjusted for family size, and sold at an “affordable ownership cost” including interest, principal, mortgage insurance, property taxes, homeowner insurance, homeowners’ association dues, if any, and a reasonable allowance for utilities, property maintenance and repairs, as defined in Section 50052.5 of the California Health and Safety Code and the California Code of Regulations Title 25, Sections 6910-6924) In the event these units are rented for any period of time, the Affordable Housing Agreement term shall be for a period of 55 years from the date of final certificate of occupancy or until the property is sold as ownership units. If the property is sold as ownership units, the Affordable Housing Agreement will require a 30 year restriction term for each affordable unit from the date of sale of each individual unit. 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 or purchasers of units including the financing of ongoing administrative and monitoring costs, consistent with the approved affordable housing plan.