My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
2025-020 - Density Bonus Agreement No. 2025-02 for Townhome Developement
Clerk
>
Resolutions
>
CITY COUNCIL
>
2011 -
>
2025
>
2025-020 - Density Bonus Agreement No. 2025-02 for Townhome Developement
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
6/12/2025 4:14:58 PM
Creation date
6/12/2025 4:13:56 PM
Metadata
Fields
Template:
City Clerk
Doc Type
Resolution
Agency
Planning & Building
Doc #
2025-020
Item #
19
Date
6/3/2025
Destruction Year
P
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
86
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
IJAI "Unit" means a residential dwelling unit within the Project to be <br /> constructed or caused to be constructed by Developer. <br /> 1.1.42 "Unrestricted Units" means the Units within the Project to be constructed <br /> or caused to be constructed by Developer and sold at market rate without restriction. <br /> 1.2 Exhibits. The following documents are attached to, and by this reference made <br /> a part of,this Agreement: <br /> 1.2.1 Exhibit A: Legal Description of the Property <br /> 1.2.2 Exhibit B: Affordable Housing Resale Restrictions, Equity <br /> Sharing and Regulatory Agreement <br /> 1.2.3 Exhibit C: City Promissory Note <br /> 1.2.4 Exhibit D: City Deed of Trust <br /> 1.2.5 Exhibit E: Income Verification Form <br /> 1.2.6 Exhibit F: Certification of Continued Occupancy <br /> 1.2.7 Exhibit G: Notice of Affordability Restrictions on Transfer of <br /> Property <br /> 1.2.8 Exhibit H: Request for Default <br /> 1.2.9 Exhibit I: Affordable Sales Price <br /> 2. DEVELOPMENT OF THE PROPERTY <br /> 2.1 Project. Developer shall develop, operate, and maintain, or cause the <br /> development, operation and maintenance of, the Property as thirty six (36) Units, with four (4) <br /> Affordable Units for Eligible Households and thirty two (32) Unrestricted Units in accordance <br /> with this Agreement and the Project Approvals. Notwithstanding anything to the contrary <br /> contained herein, in no event shall this Agreement apply to any of the Unrestricted Units and such <br /> Unrestricted Units shall not be subject to any of the covenants, restrictions, requirements, or <br /> provisions of this Agreement which are applicable to the Affordable Units and this Agreement <br /> shall not be recorded on the title of any of the Unrestricted Units. <br /> 2.2 Density Bonus. The Project shall have thirty six (36) Units, to be sold, owned, <br /> occupied, operated, and maintained pursuant to the terms and conditions of this Agreement. <br /> Developer understands and agrees that Developer is not requesting an increase in density and that <br /> this Agreement does not allow or approve an increase in residential density over the allowed <br /> density regulations of the City. Developer shall not construct or develop, or otherwise claim a <br /> right to construct or develop any additional residential units on the Property under this Agreement. <br /> 2.3 Development Concessions Incentives and Waivers. As set forth in the City <br /> entitlements,Developer petitioned for and is hereby granted the following concessions,incentives, <br /> and waivers as part of the approval of Density Bonus Application: <br /> 2.3.1 Concession.In accordance with Government Code Section 65915(d)(1),the <br /> Project is granted one (1) concession as follows: The Project shall not be required to provide <br /> vehicular access from a secondary street and may provide vehicular access from Harbor <br /> Boulevard, subject to the Project Approvals. <br /> Page 8 <br /> 55394,00101\43724951.1 <br />
The URL can be used to link to this page
Your browser does not support the video tag.