ORD 2287 - Laserfiche WebLink

Ordinance No 2287 Page 9 of 21 applicant intends will be sold, or which are customarily offered for individual sale. "Project." A residential housing development at one or more location(s) or site(s) includingall dwelling units for which permits have been applied for or approved. "Project owner." Any person, firm, partnership, association,joint venture, corporation, or any entity or combination of entities which holds fee title to the land on which the project is located. "Property owner." The owner of an inclusionary unit, excepting a "project owner." "Recapture mechanisms." Legal programs and restrictions by which subsidies provided to inclusionary units will be controlled and repaid to the city and/or other entity upon resale, to ensure the ongoing preservation of affordability of inclusionary units or to ensure funds for inclusionary units remain within the city's affordable housing program. "Rental units." Inclusionary units which the applicant intends will be rented or leased, or which are customarily offered for lease or rent. "Residential project, rental."A residential project or portion thereof, that creates one or more units that cannot be sold individually, except that construction of any accessory dwelling unit shall not be considered a rental project. "Residential project, for sale." A residential project, or portion thereof, that includes the creation of one or more residential living units that may be sold individually, including a condominium, stock cooperative, community apartment, or attached or detached single-family home. A for-sale project also includes a residential condominium conversion project and the creation of residential living units that may be sold individually, but are initially rented rather than sold. "Resale restrictions." Legal restrictions which restrict the price of inclusionary units to ensure that they remain affordable to very low, low, and moderate income households on resale. "Unit type." Various dwelling units within a project which are distinguished by number of bedrooms and/or the type of construction(e.g., detached single-family, duets,townhomes, condominiums, apartments). (Ord. 1818 § 1, 2000) I Article II Zoning Requirements § 17.44.040. General requirements/applicability. A. Applicability. The Inclusionary Housing Requirements of this chapter shall apply to all new residential for-sale and rental projects, including mixed residential and non- residential projects, consisting of ten(10) or more residential units or parcels. The project unit count used to determine applicability of this chapter shall be exclusive of any Accessory Dwelling Units or Junior Accessory Dwelling Units. The percentage of inclusionary units required for a particular project shall be determined at the time of tentative map approval, or, for projects not processing a map.