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<br />ATTACHMENTB <br /> <br />the City may need to allow alternatives to provide options to Applicants to further the <br />intent of providing affordable housing with new development projects. <br /> <br />A. Off-Site Projects <br /> <br />Inclusionary Units required pursuant to this Chapter may be permitted to be constructed <br />at a location within the City other than the project site. Any off-site Inclusionary Units <br />must meet the following criteria: <br /> <br />I. The off-site Inclusionary Units must be determined to be consistent with the City's <br />goal of creating, preserving, maintaining, and protecting housing for Very Low, <br />Low, and Moderate Income Households. <br /> <br />2. The off-site Inclusionary Units must not result in a significant concentration of <br />Inclusionary Units in anyone particular neighborhood. <br /> <br />3. The off-site Inclusionary Units shall conform to the requirements of all applicable <br />City Ordinances and the provisions of this Chapter. <br /> <br />4. The occupancy and rents of the off-site Inclusionary Units shall be governed by <br />the terms of a deed restriction, and if applicable, a declaration of covenants, <br />conditions and restrictions similar to that used for the on-site Inclusionary Units. <br /> <br />The Affordable Housing Agreement shall stipulate the terms of the off-site Inclusionary <br />Units. Ifthe construction does not take place at the same time as project development, <br />the agreement shall require the Units to be produced within a specified time frame, but in <br />no event longer than five (5) years. A cash deposit or bond may be required by the City, <br />refundable upon construction, as assurance that the units will be built. <br /> <br />B. Land Dedication <br /> <br />An Applicant may dedicate land to the City or a local non-profit housing developer in <br />place of actual construction ofInclusionary Units upon approval of the City Council. <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 Inclusionary Unit development feasible, <br />thus furthering the intent of this Chapter. <br /> <br />The dedicated land must be appropriately zoned, buildable, free of toxic substances and <br />contaminated soils, and large enough to accommodate the number of Inclusionary Units <br />required for the project. The City's acceptance ofIand dedication shall require that the <br />lots be fully improved, with infrastructure, adjacent utilities, grading, and fees paid. <br /> <br />Page 10 of 13 <br />