ORD 1729 - Laserfiche WebLink

2. If an affordable housing project developer wishes to modify its phasing schedule, fails to secure all the building permits for which it was granted an allocation in any calendar year, or allows a building permit to lapse, it shall follow any rules established as a part of its growth management agreement. If no special rules are contained in its agreement, it shall apply to, or be referred to, the City Council for its decision as to whether to allow a reallocation of the project. The Council may reallocate the project as it deems best meets the needs of the City. If the project has not begun, the City Council may void the growth management approval. 3. In the event a project's phasing schedule is revised or voided, any unused affordable housing project sub-allocation shall be available for use by a different qualifying project in that calendar year and, if it remains unused, it shall be carried over and shall be available for use by the same or a different qualifying affordable housing project in the following years. B. Major Project 1. A major project developer may be issued building permits up to the maximum yearly number established in its agreement. Permits may be issued at any time during the calendar year and at any rate. 2. Should a major project developer wish to revise its annual allocation, the following regulations shall apply: a. For project developers seeking to move units into a later year or years: (i) Prior to September 1 of a given calendar year, a project's developer may request a reallocation to a later year of some or all of its allocation. The Planning Department shall provide the necessary application forms, and a project developer must file the application with the Planning Department. The application shall be accompanied by a fee established by the resolution establishing fees and the charges for various Municipal services. 15