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Ordinance No. 2287 <br />Page 9 of 21 <br /> <br />applicant intends will be sold, or which are customarily offered for individual sale. <br />"Project." A residential housing development at one or more location(s) or site(s) includingall <br />dwelling units for which permits have been applied for or approved. <br />"Project owner." Any person, firm, partnership, association, joint venture, corporation, or any entity <br />or combination of entities which holds fee title to the land on which the project is located. <br />"Property owner." The owner of an inclusionary unit, excepting a "project owner." <br />"Recapture mechanisms." Legal programs and restrictions by which subsidies provided to <br />inclusionary units will be controlled and repaid to the city and/or other entity upon resale, to ensure <br />the ongoing preservation of affordability of inclusionary units or to ensure funds for inclusionary units <br />remain within the city's affordable housing program. <br />"Rental units." Inclusionary units which the applicant intends will be rented or leased, or which are <br />customarily offered for lease or rent. <br />“Residential project, rental.” A residential project or portion thereof, that creates one or more units that <br />cannot be sold individually, except that construction of any accessory dwelling unit shall not be <br />considered a rental project. <br />“Residential project, for sale.” A residential project, or portion thereof, that includes the creation of one <br />or more residential living units that may be sold individually, including a condominium, stock <br />cooperative, community apartment, or attached or detached single-family home. A for-sale project also <br />includes a residential condominium conversion project and the creation of residential living units that <br />may be sold individually, but are initially rented rather than sold. <br />"Resale restrictions." Legal restrictions which restrict the price of inclusionary units to ensure that <br />they remain affordable to very low, low, and moderate income households on resale. <br />"Unit type." Various dwelling units within a project which are distinguished by number of bedrooms <br />and/or the type of construction (e.g., detached single-family, duets, townhomes, condominiums, <br />apartments). <br />(Ord. 1818 § 1, 2000) <br /> <br /> <br />Article II <br />Zoning Requirements <br />§ 17.44.040. General requirements/applicability. <br /> <br />A. Applicability. The Inclusionary Housing Requirements of this chapter shall apply to all <br />new residential for-sale and rental projects, including mixed residential and non- <br />residential projects, consisting of ten (10) or more residential units or parcels. The <br />project unit count used to determine applicability of this chapter shall be exclusive of <br />any Accessory Dwelling Units or Junior Accessory Dwelling Units. <br /> <br />The percentage of inclusionary units required for a particular project shall be <br />determined at the time of tentative map approval, or, for projects not processing a map, <br />Page 38 of 126