§ 17.107.080. Density incentives or concessions.

A density incentive or concession is a benefit offered by the City that results in direct cost reductions and facilitates construction of eligible projects as defined by the provisions of this Chapter and shall mean any of the following:

A.

The reduction in development standards in order to allow utilization of a density bonus, including but not limited to:

1.

Required off-street parking;

2.

Required setbacks;

3.

Maximum building height;

4.

Required open space;

5.

Maximum Floor-Area Ratio (FAR);

6.

Minimum lot area;

7.

Minimum courtyards.

B.

Approval of a mix of allowed uses in conjunction with the housing project if commercial, office, industrial, or other land uses will reduce the cost of the housing development, and if the commercial, office, industrial, or other land uses are compatible with the housing project and the existing or planned development in the area where the proposed housing project will be located.

C.

Other regulatory incentives or concessions proposed by the developer, or the City, that would result in identifiable, financially sufficient, and actual cost reductions, as demonstrated by the developer.

(Ord. No. 13357, § 3(Exh. A), 2-16-2016; Ord. No. 13224, § 3(Exh. A), 4-22-2014)