RES 00113 - Laserfiche WebLink

The rents described heroin shall exclude utilities in the bmadest sense, including, but not limited to gas, electricity, water, garbage, television cable, telephone, and lutemet service; provided, however, that if such utilities me offered at no cost to market rate units they shall also be offered at no cost to below market rate units. The units described in this Section 1 shall be located randomly throughout the apartment building as reasonably determined by the Developer so as not to cluster such units. The units described in this section are not to be fixed in the building but may change depending on the income qualifications of the residents. The initial units described in this Section 1 shall have substantially similar, but not exactly the same, interior standards of quality (e,g., appliances, interior feamres/amenities, etc.) as the market rate units: provided, however. that if more than 60% of market rate units have an amenity, then all units shall also have that amenity. The unit mix for the units described in this Section 1 will include one, two and three bedroom units, with the number of each unit type generally similar on a pro rata basis with the unit mix for the remaining market rate units. Of the 48 l for sale single fmnily residential units, Developer shall make available for sale 56 residential units, 28 of which shall be available at a price based on a household of four at 80% of the Area Median Income, and 28 of which shall be available at $191,100 or at a price based on a household of four at 80% of the Area Median Income, whichever is greater. The for sale residential units described in this Section 2 shall be duet units, l 0 of which shall be included within the 6000 square foot lots on the West Side Parcel, 20 of which shall be included within the 4000 square foot lots on the Central Area, and, assuming Alternative A is developed on the East Side Parcel, 26 of which shall be included within the 5000 square foot lots on the East Side Parcel. If no residential development occurs on the East Side Parcel, then those 26 units shall be included in the 5000 square foot lots on the Central Area, All for sale residential units described in this Section 2 are to be approximately 1,250 to 1,350 square feet with three bedrooms and two bathrooms. All building materials m~d interior furnishings to be at standard apartment specification level standards (e.g., formica counter tops, one piece fiberglass tub cnchisures, no fireplace, etc.). Exterior finish (as shown in PUD) shall be similar to market rate units. Developer shall provide front yard landscaping and rear yard landscaping if rear yard landscaping is provided for the market ram units. Page 2