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The intent of allowing a land dedication option is to provide the City or a local non-profit <br />housing developer dlc laud needed to make an Inclusionary Unit development feasible, <br />thus furthering the intent of this Chapter. <br />The dedicated land must be appropriately zoned, buildable. free; of toxic substances and <br />contaminated soils, and large enough to accommodate the number of [nclusionary Units <br />required for the project. "fhe City's acceptance of land dedication shall require that the <br />lots be fully improved, with inlrastructurc, adjacent utilities, grading, and fees paid. <br />C. Credit Transfers <br />In the event a project exceeds the total number of Inchisionary Units required in this <br />Chapter, the Project Owner may request hlclusionary Unit Credits which may be used to <br />meet the affordable housing requirements of another project h~clusionary Unit Credits <br />are issued to and become the possession of the Project Owner and may not be transferred <br />to another Project Owner without approval by the City Cowlcil. The number of <br />Inclusionary Unit Credits awarded for any project is subject to approval by the City <br />Cowlcil. <br />D. Alternate Methods of Compliance <br />Applicants may propose creative concepts for meeting the requirements of this Chapter, <br />in order to bring down the cost of providing Inclusionary Units, whethor on or off site. <br />l~he City Council may approve alternate methods of compliance with this Chapter if the <br />Applicant demonstrates that such alternate method meets the propose of this Chapter (as <br />set lorth in Section 17.44.020). <br />F,. Lower Income Housing Fec Option <br />In lieu of providing [nclusionary Units in a project an applicant may pay the City~s <br />Lower Income Housing Fee as set forth in Chapter 17.40 of the Municipal C ode. <br />ARTICLE III --MISCELLANEOUS <br />Section 17.4.090. Administration <br />An applicant of a project subject to this Chapter shall submit an Alfordable Housing <br />Proposal stating the method by which it will meet the requirements ofthis Chapter. The <br />Affordable [Iousin~~ Proposal shall be submitted as part of the applicant's City <br />development application (e.g., design review. Planned Unit Development etc.) to the <br />Planning Department in a lorm approved by [he City Manager. "fhe Director of Planning <br />and Community Development may waive the requirement for submittal of an Affordable <br />Page 10 <br />IN('Ll~tiIUNARY LON W(i(gZDIN:ANCI CC apps doe/Sl~I- <br />8/IN/Uh 3 ~h PAI <br />