RES 93139 - Laserfiche WebLink

Resolution No. 93-139 Page Two The intent, in all cases, is to achieve predictability such that the Council knows with greater certainty that the number of units which will be built in any year will be that which has been allocated. 2. The modified program is voluntary; those who wish to remain under the Growth Management Program Ordinance, as it existed on September 1, 1993, may do so. The modified program is intended for all developers whose projects received growth management approval prior to 1993 except developers with projects which have fewer than ten units remaining to be built. P~t~ciDation in this modified Droaram is limited as to time. If a developer does not choose to participate by November 24, 1993, the modified program as set forth herein will not necessarily apply to developers who after that date may need discretionary approvals from Council. 3. For developers participating in the modified program, growth management approval will not lapse for a project with an approved vesting tentative map in existence as of November 2, 1993, unless (a) the final map is not recorded within the time frame set forth inthe Growth Management Program Ordinance, as it existed on September 1, 1993, or (b) the vesting tentative map, as extended by SB 42S, expires, whichever event [(a) or (b)] is later. 4. By November 24, 1993, any developer qualified for and wishing to participate in the modified program shall request to reallocate units to the year or years in which, based on its good faith, best business judgment, the developer believes that it will pull building permits for production houses (or apartments) or that it will complete the public improvements for custom lots. (This only applies to those units for which a developer has not obtained a building permit or has not completed the public improvements for custom lots.) The developer shall indicate which units represent production houses (including apartment projects), custom lots, and lower income units. 5. The Council will review these requests for reallocations and, if necessary, a Council subcommittee may meet with one or more developers. The Council goal is that no more units than the General Plan maximum (currently 650 units; 750 units if 100 or more units are in "lower income" projects) will be built in any one year, including units for new projects. However, because of the units already allocated for 1993 and before, but which have not been built, and because of the units already allocated for 1994 and beyond, Council recognizes that the number of units which it may reallocate in 1994-1996 may exceed the General Plan maximum.