ORD 1729 - Laserfiche WebLink

2. Approval Process. a. Prior Discretionary_ Project Approval Necessary. The qualifying project should normally have received planned unit development plan approval or design review approval prior to requesting growth management approval; however, a project may be considered for an allocation prior to such approval if sufficient information is presented to the City Council for it to be able to determine the nature of the project, its affordability component, and its required allocation. b. Growth Management Approval. Following its determination that a proposed project is a qualifying affordable housing project and that there are units available in the affordable housing sub-allocation to allocate to it, the City Council, at its discretion, may grant an allocation to the project for such year or years as it deems necessary to allow construction of the project consistent with City growth management policies. The City may exercise its discretion in determining both the size of a qualifying project as well as its phasing. The Council approval shall be in the form of an affordable housing agreement. B. Major Project. A major project developer must receive a specific allocation for the number of units and years in which its project's units will be built. This allocation must be made from the sub-allocation for major projects. 1. Availability of Building Permits to Major Projects a. Initial Sub-Allocation and Adjustments. The major project sub-allocation shall be as initially established in subsection 17.36.070(B)(2) and may be modified from time to time by the City Council as described in section 17.36.070. b. Unused First-Come, First-Served Sub-Allocation On December 1 of each calendar year, a major project developer which has received growth management approval is eligible to secure building permits from the first-come, first-served sub-allocation, including its fifteen units set-aside, if the sub-allocation for that calendar year has remaining units available.