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10/27/2003 ORIGINAL ORDINANCE NO. 1130-324 ORDINANCE AMENDING ARTICLE 32 SUPPLEMENTAL PROVISIONS OF THE REDWOOD CITY ZONING CODE RELATED TO DENSITY BONUSES The City Council of Redwood City does ordain as follows: Section 1. That Article 32.19 (Affordable Housing Density Bonuses) of the Redwood City Zoning Code is hereby amended in its entirety to read as follows: "32.19 Affordable Housing Density Bonuses A. Applicability/Purpose 1. Government Code Sections 65915 and 65915.5 require that the City provide developer incentives for the production of lower income housing units if the developer meets the requirements set forth in said sections, 2. It is the State Legislature's intent that these incentives shall contribute significantly to the economic feasibility of lower income housing in proposed housing developments. 3. The provisions of this section shall also implement the Housing Element of the General Plan of the City of Redwood City by providing increased residential densities for projects that guarantee that a portion of housing units therein shall be affordable for persons with Iow or very Iow income. 4. The provisions of this section shall apply to all housing developments consisting of five (5) or more dwelling units as hereinafter set forth. B. Criteria for Density Bonus for Housing Developments Other than Condominium Conversions. 1. Applicability. The City shall either grant a density bonus and at least one (1) of the incentives referenced in Government Code Section 65915 (j), or provide other incentives of equivalent financial value based upon the land cost per dwelling unit, when a developer of housing (with a minimum of five (5) dwelling units) agrees or proposes to construct at least: F:Atty/Ord/Ord.183 1 1130-324 101403