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<br />ATTACHMENT 1 <br /> <br />The rue's shall have a term of five years beginning when and if the option on the <br />21,3 acre site held by the PDSD either expires or is terminated. Owner may use <br />the ruc's on property other than 21.3-acre site if the City Council approves their <br />use on another property within five years from the date of this Amendment #1, <br /> <br />b, Any ruc's shall be applied in accordance with the following ratios: <br /> <br />o If used on a multi-family development: I ruc for each affordable unit <br />required, <br />o If used for a condominium/townhome development: 1,5 ruc's for <br />each affordable unit required <br />o Senior housing single-family unit: 1,5 rue's for each affordable unit <br />required, <br />o Single-family housing: 2 IDC's for each affordable units required <br /> <br />c, If Owner uses the ruc's on the 21.3-acre site, at least <br />24% of the total number of residential units on the 21.3 acres must receive <br />IDC's or be affordable units, For example, if Owner develops a 125 unit <br />multi-family project, the project would receive 30 ruc's [125 x 24% = <br />30]; if Owner develops a 125 unit condominium/townhouse or a 125 unit <br />single family senior housing project, the project would receive 45 ruc's; and <br />if Owner develops a 125 unit single family housing project, the project <br />would receive all 51 of the IDC's and the Owner would need to provide an <br />additional nine affordable housing units, <br /> <br />Section 2, In all other respects, the terms and provisions of the Agreement are to <br />continue in full force and effect. This Amendment #1 is executed the date and year as <br />shown above, <br /> <br />Richard D. Baker, President <br /> <br />Linda F, Morasch, Vice President <br /> <br />Page 2 00 <br />