RES 93139 - Laserfiche WebLink

Resolution No. 93-139 Page Three 6. Although Council will make the final determination in which year or years these units will be reallocated, Council will give deference to a developeres initial reallocation request and will attempt to accommodate such request. 7. Project developers participating in the Modified Growth Management Program shall have priority in yearly allocations over all other developers. Units in projects which are reallocations of units originally approved for construction in calendar year 1993 or earlier shall not count toward the General Plan maximum, but the City Council may consider these units in deciding whether to approve new projects. Units in projects which are new approvals (approved for 1994 and later years) shall count toward the yearly maximumwhich the Council establishes for that year, and reallocations of these units shall be accommodated within the General Plan maximum as established by City Council. City Council may shift units to a later year(s) than that requested if it finds it necessary to do so in order to meet General Plan policies. 8. After this initial reallocation, participating developers will use their best efforts to project actual building starts, on ~ Con~nuinu basis, so the Council can gauge actual construction when considering new approvals. In other words, all developers must keep the City informed of their progress and must apply to reallocate units if building permits for those units are not obtained (or the public improvements for custom lots are not completed) in the year so allocated. If a developer fails to apply for reallocation and building permits are not obtained in .the year in question (or the public improvements not completed for custom lots), the developer cannot obtain a building permit until the developer has reapplied for growth management (under the Modified Program) and has been granted a new year in which to obtain such permit. 9. Participating developers agree not to build units at a rate faster than their annual allocation, and they must semi- annually (in February and August) modify, if necessary, their projections to reflect their then-existing best estimate of actual construction. Modifications of projected build-out are unlimited for participating developers, but the year(s) when construction will be permitted will be determined by Council. 'Applications must be received by June 30 (for August) and December 31 (for February).