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111e following incentives may he 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 C ity development <br />impact tees and/or building permit fees applicable to the Inclusionarv 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 aftbrdable housing projects. The <br />Affordable Housing Agreement shall include the terms of the fee waiver. <br />l;. llesign Modifications <br />17ie granting of desi~~n moditlcations 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 />^ I Iei~ht 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. "fhe <br />utilization of these incentives shall not be the sole source of providing the [nclusionary <br />Units and the are intended to augment the developers 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 />Pace 8 <br />IN(~LI~SIf)N:11tS/.(WING (~RUIN:W(~I`. ('C appr dudtill~ <br />Ri I Y/Uh 2.,t. Pit <br />