ORD 2082 - Laserfiche WebLink

EXHIBIT A Proposed Code Amendment Adding a New Chapter 17.38 (Density Bonus) to Title 17 of the Pleasanton Municipal Code B. Calculation of Incentives and Concessions. A developer who is eligible for a density bonus under subsections 17.38.030 (A), (B) or (D) may request and be eligible for one or more incentives or concessions. When requested by the developer, the city shall grant the incentives or concessions in the amount as follows: 1. One incentive or concession for projects that include at least 10 percent of the total units for low income households, at least 5 percent for very low income households, or at least 10 percent for persons and families of moderate income in a common interest development. 2. Two incentives or concessions for projects that include at least 20 percent of the total units for low income households, at least 10 percent for very low income households, or at least 20 percent for persons and families of moderate income in a common interest development. 3. Three incentives or concessions for projects that include at least 30 percent of the total units for low income households, at least 15 percent for very low income households, or at least 30 percent for persons and families of moderate income in a common interest development. Table 17.38.050 Incentives/Concessions Summary Target Group Target Units Very Low Income 5% 10% 15% Low Income 10% 20% 30% Moderate Income (Common interest development, 10% 20% 300/0 Condo or PUD only) Maximum Incentive(s)/Concession(s) 1 2 3 Notes: An incentive or concession may be requested only if an application is also made for a density bonus. Under this chapter, senior citizen housing is not eligible for an incentive or concession as set forth in this Section 17.38.050,except for the reduction of off-street parking. An additional incentive or concession may be requested for a child care facility pursuant to Section 17.38.090. See Section 17.38.100 regarding incentives for condominium conversion projects. Page 7 of 18