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Discussions with the other two developers have included a range of concepts geared <br /> toward obtaining 15% rent restricted units. <br /> In anticipation of St. Anton, Auf der Maur and the Gateway project's (the latter is just <br /> now in the preliminary application review process) continuing their application review <br /> process, staff has identified three interim negotiation approaches for addressing this <br /> situation: <br /> 1. Direct staff to adhere to the affordability standards as outlined in the IZO. (This <br /> retains legal exposure.) <br /> 2. Direct staff to continue to negotiate in an attempt to acquire as much affordability as <br /> possible, utilizing an incentive based approach, including financial contributions. <br /> 3. Direct staff to focus its work on completing the LIHF nexus study as compared to <br /> processing development applications. <br /> Based on the current legal environment and the results of staff's approach to date, staff <br /> recommends a continuance of the current practice as outlined in interim Option 2. <br /> Submitted by: Approve <br /> Steve Bocian Nelson Fialho <br /> Assistant City Manager City Manager <br /> Attachments <br /> 1. April 16, 2013, City Council Agenda Report <br /> 2. City Inclusionary Zoning Ordinance <br /> 3. City Resolution 10-390 concerning Non-Discrimination <br /> 4. HUD 2013 Income and Rent Limits <br /> 5. April 8, 2013 Letter from Citizens for a Caring Community <br /> 6. General Information on state of Inclusionary Housing <br /> 7. Legislative summary of AB -1229 <br /> Page 9 of 9 <br />