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SR 05:219
City of Pleasanton
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SR 05:219
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9/15/2005 3:42:36 PM
Creation date
8/12/2005 9:29:51 AM
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CITY CLERK
CITY CLERK - TYPE
STAFF REPORTS
DOCUMENT DATE
8/16/2005
DESTRUCT DATE
15 Y
DOCUMENT NO
SR 05:219
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<br />(aa) "Very Low Income Charges" shall mean the maximum allowable <br />Affordable Charges for a Very Low Income Unit pursuant to Section 2.2(b) below. <br /> <br />(bb) "Very Low Income Household" shall mean a household of one or more <br />Residents, with an Adjusted Income which does not exceed fifty percent (50%) of Median <br />Income. <br /> <br />(cc) "Very Low Income Memory Impaired Bed" shall mean one (I) bed in a <br />Memory Impaired Unit which, pursuant to Section 2.1 (c), is required to be rented to a Memory <br />Impaired Resident who is also a Very Low Income Household. <br /> <br />(dd) "Very Low Income Unit" shall mean a Unit which, pursuant to Section <br />2.1(b) below, is required to be rented to a Very Low Income Household. <br /> <br />ARTICLE 2 <br />AFFORDABIUTY AND OCCUPANCY COVENANTS <br /> <br />2.1 Occupancv Requirements. <br /> <br />(a) Extremelv Low Income Units. Subject to subsection (d), nine (9) of the <br />Units shall be rented to and occupied by, or if vacant, available for occupancy by Extremely Low <br />Income Households. <br /> <br />(b) Very Low Income Units. Subject to subsection (d), twenty one (21) of the <br />Units shall be rented to and occupied by, or if vacant, available for occupancy by Very Low <br />Income Households. <br /> <br />(c) Very Low Income Memory Impaired Bed. One (I) bed in one (I) <br />Memory Impaired Unit shall be rented to and occupied by, or if vacant, available for occupancy <br />by one (I) Memory Impaired Resident who is also a Very Low Income Household. <br /> <br />(d) Minimum Number of Extremelv Low Income Units and Very Low <br />Income Units. For each Extremely Low Income Unit or Very Low Income Unit occupied by a <br />household with more than one (I) member, Developer may reduce the number of Units subject to <br />Section 2. ] (a) or 2.1 (b), as applicable, by one (I) Unit provided that in no event shall the total <br />number of Extremely Low Income Units and Very Low Income Units be less than twenty seven <br />(27). <br /> <br />(e) Bedroom Size. Except to the extent that the number of Very Low Income <br />Units or Extremely Low Income Units may be modified by Section 2.1 (d) above, the Units shall <br />be available in the following bedroom sizes: <br /> <br />Studio <br />9 <br />13 <br />I <br /> <br />I bdrm <br />o <br />8 <br />o <br /> <br />Total <br />9 <br />21 <br />I <br /> <br />Low Income Units <br />Low Income Units <br />Low Income Memory <br /> <br />]44\105\159081.11 with 159081.10 <br />Redline 275355 <br /> <br />5 <br />
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