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6.1.E. - Page 24 <br /> sre focused on fovr distinct areas:(i}requ est fnr a density bonus;(ii)request far financinlly suffieient <br /> ince�tive(sj andlor eoacessian(s)>(ui3 reque�st for specific dcvelopment standar�waivers;and(iu) <br /> request for the application of State par�stan�srds, <br /> 1�Res�uext for Densitv Bonus: <br /> Ia accordan�e with 5ectson 659�5(b){f}�) and (�(4), Owner has elected tv provide seventeen (1'7'} <br /> A#�ordable Unisg in e�cchangs for an in�rease in density in accar�enne with Seciian 65915(f)(4)ofthe <br /> Density Banus Law. Tbese 17 Affar�3sb1� Units repz-eeent seventesn pereent (I7%) of ilye perm,itted <br /> number af sesXdent�a.l units allowed und�r�ce City's NMSPF standsrd af foriy-#'our{44)u�nits per acre, <br /> ox aY►e hundred aad nne(l0I)tuuts frnr tl�e e,n,tire Pro�ect site. Purausnt to Sectian(g9]5{�{4j,Owner 3 <br /> is entitled to a denaity banus of twelve perceai (I2°/4), oir ar1 addiHa� thirteen {I3)tuiits, over the <br /> NMSSP s permitted density nf 141 units, Owner hereby acknow]edges and sgrees tbat khe 13 <br /> addi�ioaal density bonus anits descra'bed in t�is Sectioa 2.01 fl�l�y satis�ies O'waer's rig13t to a den�ity <br /> bonus under the Density Banus Law. <br /> t ntives d/ar Conc g <br /> In aGCO�ance with Section G5975(�2xA}, Owner has requested, and is �ti�lsd tn, fir�a�cially <br /> sutficient incentiwe(s)andlor concession{�}in exchangE fnr�wuer's agree�nent to aonshvet�common <br /> inter�st development a� describe� in Seetion &5915Cb)(�)(1�), O►a'ner prop4aes rhat the inceatives ' <br /> and/or cancessions be ewarded in the fnllowin,g form: i <br /> 1, Qpe ineentive�n xhe foim af eighteen (18) sdditiona2 r�arket-rate units to be in�luded in ihe � <br /> Prvject, thex�ehy br�nging the tatal numbet of reside,ntisl dwelliz�g units ta bc included ia the � <br /> �'roj act ta ans hundrsd and thirty-ttv�(i 32)consistiag pf: <br /> a) l0I Unrts based on the pe�raaitted density under tk�e NMSSP; <br /> b) I3 Uni�s granted as a pensity Bonus pursuant to GG 65915;and <br /> c) 1 S ITaits gxarnted es a�anaially suf�ciea�t ir�r,eutive. . <br /> Z. One concession in thc form nf a wsiver of fhe requirem�ts of Ch�ptet 34,-Art�cle XI � <br /> (Condominrums) of the Ciry's Mutticipal Code, exeept �as such pravisions and nequiromerrts ' <br /> ai�e incarporabed i�to tiae Project�s conditians pf appruval of the�'es�g Tentstive Map and <br /> Planaed Commuaity P�nit, so that neithher a Plannad DeveIapment Pertrzit �ar a <br /> Cvndaminiurn Peami#shaII be requirecf for the Project. <br /> Owner sckndwleciges and sgress that the incentive aad oaucessioa� described above fuUy satisfies <br /> owners's right to fir�ancially suffioient incentives vr concessions uncler the Desnsit�,Bonus Law. <br /> 3 Devel ent Stan • V ' ee; � <br /> In aceardance with Sectian 65935(e}, Owner has proposed tt�e w�iver of t�e foya��g Development <br /> Sta�darc�s which wnuld otberwise apply to the Projcet under the iVMSSP and other Ci#y Iand use and <br /> wnir�g regul�ttons; � <br /> a) G�era€;e Hei�ht More'than. 1' Above Adj��nt Grat�e fiIevafion• Oru+net h�s req��� s <br /> waiver o�the applicable height restriction to alI4w far the garage deek height above adjacent <br /> grade to be slightly a�or�than l�feet. e�ach€bit 2 <br /> 3 <br />