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<br />The intent of allowing a land dedication option is to provide the City or a local non-profit <br />housing developer the land needed to make an lnclusionary Unit development feasible, <br />thus furthering the intent of this Chapter. <br /> <br />The dedicated land must be appropriately zoned, buildable, free oftoxic substances and . . <br />contaminated soils, and large enough to accommodate the number ofInc1usionary Units <br />required for the project. The City's acceptance of land dedication shall require that the <br />lots be fully improved, with infrastructure, adjacent utilities, grading, and fees paid. <br /> <br />C. Credit Transfers <br /> <br />In the event a project exceeds the total number of Inclusionary Units required in this <br />Chapter, the Project Owner may request Inclusionary Unit Credits which may be used to <br />meet the affordable housing requirements of another project. Inclusionary 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 Council. The number of <br />Inclusionary Unit Credits awarded for any project is subject to approval by the City <br />Council. <br /> <br />D. Alternate Methods of Compliance <br /> <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, whether on or off site, <br />The City Council may approve alternate methods of compliance with this Chapter if the <br />Applicant demonstrates that such alternate method meets the purpose of this Chapter (as <br />set forth in Section 17.44.020). <br /> <br />E. Lower Income Housing Fee Option <br /> <br />In lieu of providing Inclusionary 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 Code. <br /> <br />ARTICLE III - MISCELLANEOUS <br /> <br />Section 17.44.090. Administration <br /> <br />An applicant of a project subject to this Chapter shall submit an Affordable Housing <br />Proposal stating the method by which it will meet the requirements of this Chapter. The <br />Affordable Housing 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 form approved by the City Manager. The Director of Planning <br />and Community Development may waive the requirement for submittal ofan Affordable <br /> <br />Page 10 <br /> <br />lnclusZoningOrd CC apprlSFE <br />10114/035:23 PM <br />