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The following incentives may be approved for Applicants who construct Inclusionary <br /> Units on-site: <br /> A. Fee Waiver or Deferral <br /> The City Council, by Resolution, may waive or defer payment of City development <br /> impact fees and/or building permit fees applicable to the Inclusionary Units or the project <br /> of which they are a part. Fee waivers shall meet the criteria included in the City's <br /> adopted policy for evaluating waivers of City fees for affordable housing projects. The <br /> Affordable Housing Agreement shall include the terms of the fee waiver. <br /> B. Design Modifications <br /> The granting of design modifications relative to the inclusionary requirement shall <br /> require the approval of the City Council and shall meet all applicable zoning <br /> requirements of the City of Pleasanton. Modifications to typical design standards may <br /> include the following: <br /> • Reduced setbacks <br /> • Reduction in infrastructure requirements <br /> • Reduced open space requirements <br /> • Reduced landscaping requirements <br /> • Reduced interior or exterior amenities <br /> • Reduction in parking requirements <br /> • Height restriction waivers <br /> C. Second Mortgages <br /> The City may utilize available Lower Income Housing Funds for the purpose of <br /> providing second mortgages to prospective unit owners or to subsidize the cost of a unit <br /> to establish an Affordable Rent or an Affordable Sales Price. Terms of the second <br /> mortgage or subsidy shall be stated in the Affordable Housing Agreement. The <br /> utilization of these incentives shall not be the sole source of providing the Inclusionary <br /> Units and the are intended to augment the developer's proposal. <br /> D. Priority Processing <br /> After receiving its discretionary approvals, a Project that provides Inclusionary Units may <br /> be entitled to priority processing of building and engineering approvals subject to the <br /> approval of the City Manager. A Project eligible for priority processing shall be assigned <br /> to City engineering and/or building staff and processed in advance of all non-priority <br /> items. <br /> Page 8 <br /> INCLUSIONARY ZONING ORDINANCE CC appr.doc/SFE <br /> 8/18/06 3:56 PM <br />