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i 6.1.K. - Page 39 Attorney, restricting the rental of fi�e (5) units, comp�ised of four (4} one- bedraom units and one (1) twa-bedroom units, to "persans and families of median ir�come" (as defined in Health & Safety Code Section 50093) at an affardable rent (incfuding a reasanable utility aflowance), which shafl in no e�ent exceed 30 percent of �rea median incame, ad�usted far family size appropri�te far the unit, for a periad of 45 years from th� date of occupancy. In addition, the affordable housir�g covenant shall provide far replacing the fve (5} afFordable rental units with five (5) affordable for sale candQminium units, in the event that the project conve�ts to a for sale condominium project. T�e affordabie for sale units shalf be made a�ailable far accupancy by median incame househofds, whpse income does not exceed the qualifying limits set "for persans and famili�s of median income" in Sectio�r 50093 vf the Califarnia Health and Safety Code at an affordable housing cc��t, which sh�il in no e�ent exc�ed 34 percent vf area median income, adjusted for famiEy size appropriate for tf�e ur�it, for the remainder of the original 45-year term. The affordable housing cbven�nt shall be recorded prior fo the issuance of any bui[ding permi# for the Rroject. 6. In denyi�rg the appe�ls and �ppro�ing Vesting Tentative Map TM201 D-Q4, the City Council affirms and adopts the findings at�d �onditions of appra�al adopted by the Pfanning Commission in Resolution No. 11-09 (A Resolution af the Planning Cammission of the City af Redv+rvod City Approving a Vesting T�ntative N1ap pursuant to fhe Subdi�ision Map Action and the Redwaod City Mur�icipal Cvde), and adopts the follawing additional condition of appro�al to r�flect the new affordable housing requirement as fa�iows: The app�icant shall execute and defi�er to the City a recarrlable affordable ho�asing cove�ant and deed restriction, in a form satisfactory to the City Attorney, restricting the r�r�tal Of fve (5} units, camprised of four (4) one- bedroom units and one (1} twa-bedroom units, to Gpersons and families of median income" (as de�ned in Health & Safety Code Section 5Q093) at an affordable rent (including a reasonable utility allaw�nce), whicf� shall in no e�ent exceed 30 percent af area median income, adjusted for family size appropriate fior the ur�it, for a periad of 45 years from the date nf accupancy. In addition, the afFordable housing covenartt shall provide #ar replacing the five (5) affordab[e rental units wit�r fi�e {5) afiordable for sale con�ominiurn �nits, in the event #hat the project converts ta a for sale condomin€urn project. The affordab�e far sale ur�its shall be made avail�b�e for vccupar�cy by median income households, v�hose income does not exceed the qualifying limits set "for persons and famili�s of median income� in Sectio� 50093 of #he California Heaith and S�fefiy Code at an affordab�e housing cast, which sF�all in no event exceed 3Q percent of area median income, adjusted for family size a�propriate fior ATTYIRESd.2201/ATTACH. 1 E]ENY RPPEALS F�R 2580 EL CAMINp REAL RESd.#15189 REV:Q2113112 MUF'F#603 Page 4 of 5 !