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Exhibit 3 - Redline Draft <br />the tenant (excluding telephone and television). For an ownership unit, total housing costs shall include <br />the mortgage payment (principal and interest), insurance, homeowners' association dues (if applicable), <br />private mortgage insurance (it applicable), taxes, utilities, an allowance ter maintenance and any other <br />related assessments. <br />( Ord. No. NS-2881. § 2. 9-1-15 ; Ord. No- NS-2994 , § 3, 9-1-20) <br />Sec. 41-1902. -Applicability and inclusionary unit requirements. <br />(a) Applicability. I he requirements of this article shall apply to any new residential protect comprised of <br />twenty (90) or more residential lots or residential units hi h h' � ri r iv ri i m n <br />;3pnrnv:als by the -e4y(`.it)r Council as of MONTH DATF 2021, including new construction, and <br />condominium conversions which awmeePs one nr all of the <br />€�+�-f4lt�wiil{ps2QQliGs2bjtiiv 4hresholds. <br />(1) A chan5re in use to allow for residential or to exceed the aeneral elan or 7onin�bresrrihed densities <br />BLnernentane of residential at the tirne of apojic:atinri <br />au t <br />fitted the ger Eral pFarr a�th�t tx e-0�tk e app4 ea t f n—fk e e ebt ier ary <br />development allowed as a result of city initiated general plan= amendments after Novernher 28. 2011. <br />(;2-�--ILIncrease the permitted percentage of residential development allowed for a mixed -use <br />development above the percentage <br />- <br />[3181*-perrnitted under the. ion7one a4 tho firne of ] ' 4i n. <br />MLConvert rental units to condominium ownership. <br />fjt),,,,,,-App tt ggs, The inclusionary requirements shall only apply to the incremental noFA-iPA Pi the cii-mbe* <br />o4-units beyond that which is allowed aa__ escriherl m <br />Subsection (st) above. <br />(c) Units for sale. If the new residential project consists of units for sale, then a minimum of ten (10) <br />percent of the total number of units in the project shall be sold to moderate income households. <br />(d) Rental units. If the new residential project consists of rental units, then a minimum of fifteen (15) <br />percent of tho Units shall be rontod to low-incorno households, Ar-ton (10) porcont rontod to vory low- <br />income households nr five )—percent rented to extremely Inw-inrnme hnrosehnlds. <br />(e) Rounding of quantities in calculations. In calculating the required number of inclusionary units, <br />fractional units shall be rounded -up to the next whole unit. The developer may choose to pay an in - <br />lieu fee set forth in section 41-1904(c) for the fractional units, which shall be calculated based on the <br />number of habitable square feet applicable in each case. <br />(f) Displacement of cxistincg inclusionary units. Notwithstanding any other provision of this article, any <br />residential project subject to this article that results in the displacement of very low and/or low income <br />household(s) shall be required to provide on -site inclusionary units as required by this article. <br />City Council 28 — 55 7l612021 <br />