RecDoc 2011-155321 - Laserfiche WebLink

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aze focused on four distinct areas: (i) request for a densiry bonus; (ii) request for financially sufficient incentive(s) and/or concession(s); (iii) request for specific development sta�dard waivers; and (iii) request for the application of State pazking standazds. 11 Reauest for Densiri Bonus: In accordance with Section 65915(b)(1)(D) and (�(4), Owner has elected to provide seventeen (17) Affordable Units in exchange for an increase in density in acwrdance with Section 65915(�(4) of the Density Bonus Law. These 17 Affordable Units represent seventeen percent (17%) of the permitted number of residential units allowed under the City's NMSPP standard of forty-four (44) units per acre, or one hundred and one (101) units for the entire Project site. Pursuant to Section 65915(�(4), Owner is entided to a density bonus of Iwelve percent (12%), or an additional thirteen (13) units, over Ihe NMSSP's permitted density of 101 units. Owner hereby acknowledges and agrees that the 13 additional density bonus units described in this Section 2A1 fuliy satisfies Owner's right to a density bonus under [he Density Bonus Law. 2) Reouest for Incentives and/or Concessions In accordance with Section 65915(d)(2)(A), Owner has requested, and is entiNed to, financially sufficient incentive(s) and/or concession(s) in exchange for Owner's agreement to construct a common interest development as described in Section 65915(b)(1)(D). Owner proposes that the incentives andlor concessions be awazded in the following form: 1. One incentive in the form of eightee� (18) additional market-rate units to be included in the Project, thereby bringing the total number of residential dwelling units to be included in the Projec[ to one hundred and thirty-two (132) consisting of: a) ]Ol Units based on the permitted density under the NMSSP; b) 13 Units granted as a Density Bonus pursuant to GC 65915; and c) 18 Units granted as a financially sufficient incentive. 2. One concession in the form of a waiver of the requirements of Chapter 30, Article XI (Condominiums) of the City's Municipal Code, except as such provisions and requirements aze inw�porated into the Project as conditions of approval of the Ves[ing Tentative Map and Planned Community Permit, so that neither a Planned Development Permit nor a Condominium Permit shall be required for the Project. Owner acknowledges and agrees that the incentive and concessio� described above fully satisfies owners's right to financially su�cient incentives or concessions under the Density Bonus Law. 31 Development Standard Variance: In accordance with Section 65915(e), Owner has proposed the waiver of the foltowing Development Standazds which would otherwise apply to the Project under the NMSSP and other City land use and zoning regulations: a) Gazaee Hei�ht More than ]0' Above Adjacent Grade Elevation: Owner has requested a waiver of the applicable height restriction to allow for the garage deck height above adjacent grade to be slighdy more than ]0 feet. (See Exhibit 27) , 3