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9.C. - Page 19 <br /> Menlo Park <br /> The City of Menlo Park is pursuing a public benefits strategy as a part of their El Camino <br /> Real/Downtown Specific Plan. In Spring 2012, Strategic Economics completed a memo for the City <br /> that outlines the financial feasibility of various development types under the proposed base FAR and <br /> bonus density. The study found that the density bonus for residential development is likely to <br /> generate a higher residual land value than the base level, suggesting it is possible to pursue a public <br /> benefits program in exchange for increased density. <br /> The study is available for download at: http://www.menlopark.org/departments/pin/ecr-d/fsp- <br /> memos/ecr-d fsp-memos g.pdf <br /> Outside California <br /> Chicago, Illinois <br /> The City of Chicago offers a downtown density bonus program that grants residential developers <br /> additional square footage in exchange for a variety of benefits,including: affordable housing,public <br /> open space,green roofs,and transit station improvements. To calculate the bonus, a formula is <br /> applied that pegs the amount of bonus to the amount of benefit directly. For example,the <br /> affordable housing bonus is established at four square feet of bonus for every one square foot of <br /> affordable housing provided. If the developer opts for an in lieu fee,it is equal to the bonus floor <br /> area multiplied by 80 percent of the land value of one square foot of buildable area. <br /> The Floor Area Bonus is in 17-4-1000 of the Municipal Code, available at: <br /> http://www.amlegal.com/nxt/gateway.dll/Illinois/chicagozoning/chicagozoningordinanceandland <br /> us eordinanc?f=templates$fn=default.htm$3.0$vid=amlegal:chicagozoning_il <br /> Portland, Oregon <br /> The City of Portland offers an Amenity Bonus for multi-family developments in order to promote <br /> "family oriented multi-dwelling developments"in certain neighborhoods. Additional units are <br /> allowed based on a calculation of the sum of amenities provided; each amenity is assigned a certain <br /> bonus percentage amount as defined in the ordinance.Amenities include outdoor recreation <br /> facilities, children play areas, 3-bedroom units, storage areas, sound insulation, crime prevention, <br /> solar water heating, and larger outdoor areas. <br /> The Amenity Bonus is described in section 33.120.265 of the municipal code,available at <br /> http://www.pordandonline.com/auditor/index.cfm?c=28197&a=53296 <br /> Seattle, Washington <br /> The City of Seattle offers incentives for both residential and non-residential development. <br /> Residential developments can receive density and/or height increases (depending on the zone) in <br /> exchange for either providing affordable housing or purchasing bonus square feet at an established <br /> rate per square foot. Non-residential developments have the option to either purchase additional <br /> square feet or provide affordable housing or childcare facilities. To incentivize workforce housing, <br /> the City also offers property tax exemptions for up to 12 years. <br /> Page 14of15 <br />