ORD 1558 - Laserfiche WebLink

and approval by the Planning Director prior to the issuance of building permits for the project. 6. A minimum of 3 apartment units in the 20-unit apartment development shall be reserved for rental by "very low income" seniors. The remaining 17 units shall be reserved for "lower-income seniors". In addition to the 3 units noted above, the developer shall work with staff to seek optimal financing assistance for the project to ensure that the maximum number of units that is economically feasible are rented to "very low income" seniors. A "senior" shall be any individual 62 years of age or greater. "Lower income" and "very low income" shall mean =hose individuals or households whose incomes are no greater than 80% ("lower income") or 50% ("very low income") of the median household income for the Oakland Primary Metropolitan Statistical Area (PMSA) based on family size as established by the Department of Housing and Urban Development (HUD). The monthly rent for each of the affordable units shall not exceed one-twelfth of 30% multiplied by 80% (for lower-income) or 50% (for very low income) of the median income level for the Oakland PMSA as reasonably determined by the Planning Director on an annual basis for a household .of one or two persons (as applicable for each unit). These restrictions shall run wi~h the land and shall be formalized through a deed restriction recorded against the property. The details of said restrictions shall be subject to review and approval by the City Attorney and Planning Director prior to the issuance of building permits for the project and shall be in place prior to occupancy of any units. 7. The developer shall give rent preference in the new complex to any qualified tenants of the existing rental units on the subject property, to Pleasanton residents, and then, to Valley residents. In'addition, the developer shall use his best efforts to provide assistance to o~her tenants who are displaced ~hrough construction of the new senior apartments. A program for tenant assistance shall, at minimum, meet the standards in the City's condominium conversion ordinance and shall be submitted for review and approval by the Planning Director prior to the issuance of building permits for the project. S. The applicant shall submit a lighting plan for the parking area for review and approval by the Planning Director prior to the issuance of building permits for the project. The lighting plan shall be designed to minimize the visual impact of the parking lot in the contex~c of the surrounding neighborhood and to minimize the intrusion of light into surrounding properties.