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If used for a condominium/townhome development: 1.5 IUC's for each <br />affordable unit required. <br />Senior housing single-family unit: 1.5 IUC's for each affordable unit <br />required. <br />Single-family housing: 2 IUC's for each affordable units required. <br />c. If Owner utilizes the NC's on the Option Site, then (1) any project proposed on <br />the Option site must be consistent with the IZO and (2) the percentage of <br />affordable dwelling units on the entire Busch Property must be at least 24% of the <br />total number of dwelling units on the Property. For example, if Owner develops a <br />125 dwelling unit multi-family project on the Option Site, then owner will utilize <br />19 IUC's to satisfy its affordable housing obligation under IZO (125 dwelling <br />units x 15% Affordable = 19 units). In that example, the percentage of affordable <br />dwelling units on the entire Busch Property (138 + 19 = 157) is more than 24% of <br />the total number of dwelling units on the Busch Property (363 + 125 = 488). <br />d. Owner intends to use the IUC's on the Option Site. Should the PUSD Option <br />expire or be terminated by PUSD prior to the expiration of the Option, Ov~mer <br />may use the IUC's on the Option Site as provided in paragraph (a) above. -Owner <br />may use the NC's on property other than the Option Site, subject to paragraph (a) <br />above and subject to City's discretionary approval. <br />Section 2. In all other respects, the terms and provisions of the Agreement are unmodified <br />and continue in full force and effect. <br />/. <br />Richard D. BBeaker, President <br />ATTE T: <br />Karen Diaz, City Cler} <br />APPROVED AS TO FORM: <br />Michael Roush, City Attorney <br />(aj:mydocs~ag~nts104\1" amd ePo hsg pndsa) <br />-2- <br />