11 ATTACHMENT 9 - Laserfiche WebLink

5. Exterior finishes for the 20 affordable units, including materials and landscaping, shall be consistent with the market rate units in the associated project. Interior amenities including appliances, carpeting, electrical and plumbing fixtures, hardware and countertops, etc., for the affordable units shall be of high quality as specified and approved by the City, provided that the City shall not require specification levels that exceed those of the market rate units. 6. Developer shall be exempt from payment of the Lower Income Housing Fee for the 51 units in the Oak Grove project. However, in the event that Developer has not pulled building permits for the 20 affordable units within five years from the approval of the first final map for the Project, the opportunity to build the units on another property or properties shall expire and the Developer shall pay the Lower Income Housing Fee for a1151 units at the amount then in effect. 7. Developer shall provide to the City's Housing Division by January 1 of each year an annual progress report on the status of development of the 20 affordable units until such time as the units are under construction or the opportunity to build the units off site has expired. 8. The affordable units shall be made available to eligible households for rent and/or for sale subject to the City's adopted preference system for affordable housing projects then in effect. [SIGNATURE PAGE FOLLOWS]