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Project Owner: Any person, firm, partnership, association,joint venture, corporation, or <br /> any entity or combination of entities which holds fee title to the land on which the project <br /> is located. <br /> Project: A residential housing development at one location or site including all dwelling <br /> units for which permits have been applied for or approved. <br /> Property Owner: The owner of an Inclusionary Unit, excepting a "Project Owner". <br /> Rental Units: Inclusionary Units which the Applicant intends will be rented or leased, or <br /> which are customarily offered for lease or rent. <br /> Recapture Mechanisms: Legal programs and restrictions by which subsidies provided to <br /> Inclusionary Units will be controlled and repaid to the City and/or other entity upon <br /> resale, to insure the ongoing preservation of affordability of Inclusionary Units or to <br /> insure funds for Inclusionary Units remain within the City's affordable housing program. <br /> Resale Restrictions: Legal restrictions which restrict the price of Inclusionary Units to <br /> insure that they remain affordable to Very Low, Low, and Moderate Income households <br /> on resale. <br /> Residential Project, Multiple Family: A residential project consisting of condominiums, <br /> apartments, and similar dwellings attached in groups of four or more units per structure <br /> and including multiple units located on a single parcel of land under common ownership. <br /> Residential Project, Single Family: A residential project consisting of detached and <br /> attached single family homes, including paired single family, duets, duplexes, <br /> townhomes, and similar unit types where each unit is located on a separate parcel of land. <br /> Unit Type: Various dwelling units within a project which are distinguished by number of <br /> bedrooms and/or the type of construction (e.g., detached single family, duets, <br /> townhomes, condominiums). <br /> ARTICLE II -- ZONING REQUIREMENTS <br /> Section 17.44.040. General Requirements/Applicability. <br /> A. Residential Development <br /> For all new Multiple Family Residential Projects of 15 units or more, at least 15% of the <br /> project's dwelling units shall be affordable to Very Low, and/or Low Income households. <br /> For all new Single Family Residential Projects of 15 units or more, at least 20% of the <br /> Page 4 <br /> INCLUSIONARY ZONING ORDINANCE CC appr.doc/SFE <br /> 8/18/06 3:56 PM <br />