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HomeMy WebLinkAbout7.1 Positano Dev First Phase CITY CLERK File # D~[3]~-[i]~ "oo-~o '-150- 30 AGENDA STATEMENT CITY COUNCIL MEETING DATE: June 5, 2007 SUBJECT: ATTACHMENTS: RECOMMENDATION: /J..tV 1) (\UV'"' 2) OJ( ~\ FINANCIAL STATEMENT: Affordable Housing Agreement for the First Phase of the Positano development (247 Residential Lots) located in Fallon Village Report prepared by Jeff Baker, Senior Planner 1) Resolution approving the Affordable Housing Agreement between the City of Dublin and Dublin RE Investors, LLC for the First Phase of the Positano development and authorizing the City Manager to execute the Agreement, with the Affordable Housing Agreement attached as Exhibit A. Vicinity Map. City Council Staff Report dated October 18,2005, with attachments. City Council Meeting Minutes dated October 18,2005. Applicant's Refined Affordable Housing Proposal. Parking Exhibit. 2) 3) 4) 5) 6) Receive Staff presentation; Receive testimony from the Applicant and the public; Deliberate; and Adopt Resolution Approving Affordable Housing Agreement between the City of Dublin and Dublin RE Investors, LLC for the First Phase of the Positano development and authorizing the City Manager to execute the Agreement (Attachment 1), with the Affordable Housing Agreement attached as Exhibit A); and Direct Staff to prepare a minor administrative amendment to the Fallon Village Stage 1 and Stage 2 PD to allow secondary units on the 3,200 lots within the Positano development. The costs of administering the Affordable Housing Agreement are included in the administration fees that are charged with the sale of each affordable unit. COpy TO: Applicant ------------------------------------------------------------------------------------------------------------- Page 1 of6 ITEM NO. 7.1 G:\PA#\2005\05-038 B&L Stage 2 Fallon Village\Affordable Housing Agreement\ccsr 6.5.07 AHA. DOC c...., PROJECT DESCRIPTION: Background Positano (aka Braddock & Logan Fallon Village) is a residential development consisting of 1,043 single- family homes on a 488-acre project site. The project site is located within the northern portion of the larger Fallon Village project area (formerly Eastern Dublin Property Owner's Annexation Area or EDPO), east of Fallon Road and the Dublin Ranch project, west and southwest of the City Limits boundary with Alameda County and Doolan Canyon (Attachment 2). Existing Approvals The Planning Commission approved Vesting Tentative Map 7586 (VTM) to create 1,043 residential lots for the Positano development on November 8, 2005 (Resolution No. 05-61). On December 6,2005, the City Council approved General Plan and Specific Plan Amendments (Resolution No. 223-05), and a Stage 1 Development Plan (Ordinance No. 32-05) for Fallon Village including the Positano development. The City Council also approved a Stage 2 Development Plan (Ordinance No. 33-05), and a Development Agreement (Ordinance No. 34-05) for the Positano project area. Condition No. 2 of the VTM for Positano requires the project proponent to enter into an Affordable Housing Agreement (AHA) prior to approval of a Site Development Review Permit (SDR) or recordation of the first phased Final Map. Inclusionary Zoning Regulations The Inclusionary Zoning Regulations of the City of Dublin Zoning Ordinance (Chapter 8.68) contains affordable housing requirements for all new developments of 20 or more units. Residential developments consisting of20 or more units are required to provide 12.5% of the units as affordable to households with very-low, low, and moderate income levels as determined by the California Department of Housing and Community Development for Alameda County. These affordable units are required to be constructed on- site and integrated with the market rate units. The affordable units are required to be evenly distributed throughout the project, include a range of bedrooms consistent with the overall project, and be indistinguishable in exterior appearance from the market rate units. The Inclusionary Zoning Regulations also provide the City Council with the ability to make exceptions to the regulations contained in the Inclusionary Zoning Ordinance, including alternative methods of compliance with the Inclusionary Zoning Regulations such as the development of off-site affordable units. Braddock & Logan October 2005 Affordable Housing Proposal In accordance with the Inclusionary Zoning Regulations, the Positano development has a requirement to provide 130 affordable units. Total Units 1,043 Inclusionary Requirement 12.5% Inclusionary Units 130 Braddock & Logan prepared an affordable housing proposal to address the affordable obligation for the Positano development which was reviewed by the City Council on October 18, 2005. This affordable housing proposal included a combination of on-site integrated units with a bedroom count that is consistent with the overall project, secondary units, off-site apartments, and a $1,000,000 Community Benefit Payment (Attachment 3). Please refer to Table 1 for a summary of the affordable units proposed for construction as part of the affordable housing proposal. Page 2 of6 J a e . or a e OUSlD2 roposa coer . , Unit Type Ownership Income Level Size of Units Affordability /Rental Period 26 Single-family 50% moderate Same mix of For sale 20% low bedroom size as In perpetuity detached Units 30% very low market rate units 50% moderate All 26 Secondary Units Rental 20% low 1 bedrooin/ In perpetuity 30% very low 1 bath 78 Apartments* 50% moderate All Rental 20% low 2 bedroom! In perpetuity 30% very low 2 bath 130 Total Units T bl 1 An d bl H P lOt b 18 2005 * Plus 9 units to satisfy the Inclusionary Zoning requirements for the Anderson property & I manager's unit as defined in the Braddock & Logan's affordable housing proposaL Staff presented Braddock & Logan's affordable housing proposal to the City Council on October 18, 2005, and requested direction from the City Council on how to proceed with the proposal. The City Council reviewed the proposal and directed Staff to work with ~raddock & Logan to refine the proposal (Attachment 4) as follows: 1) Include landscaping for the rear yards of the affordable units and use energy-efficient measures in the homes to reduce the cost of housing; 2) Work on timing issues and obtain the necessary security to ensure completion of the project on the Anderson property; 3) Study the feasibility of integrating the 88 affordable apartment units into a larger project; and 4) Incorporate green building principles, as practical. Since the October 18, 2005 City Council meeting, Staff and Braddock & Logan have been working to prepare an Affordable Housing Agreement (AHA) for the entire 1,043 unit project. Due to uncertainties about the off-site affordable units on the Anderson property, an AHA cannot be prepared for the entire development at this time. Therefore, in order to allow the initial phases of the project to move forward, the Applicant has proposed that the City initially enter into an AHA for the first phase ofthe project which consists of 247 lots. As additional information becomes available, Staff will continue to work with the Applicant to negotiate an AHA for the balance of the project. The additional AHA will be. reviewed by the City Council at a future date. ANALYSIS: Refined Affordable Housing Proposal Braddock & Logan has further refined the affordable housing proposal for Positano since it was presented to the City Council in October 2005 (Attachment 5). In addition to the proposal to separate the affordable housing agreement for the initial phase from the later phase (which would include the off-site project), the refinements to the 2005 proposal include the following changes as further discussed below: 1) The bedroom count for the affordable single-family detached units; 2) The location ofthe affordable single-family detached units; and 3) The location of a portion ofthe proposed secondary units. Page 3 of6 Design & Location of Single-family Detached Affordable Units The Inclusionary Zoning Regulations (Section 8.68.030.E) require the design of the affordable units to reflect the range of number of bedrooms as provided in the project. Braddock & Logan's original affordable housing proposal was consistent with the Ordinance and included 26 single-family detached homes with the same mix of bedrooms as the market rate units. The refined proposal states that all 26 single-family detached units will have 4 bedrooms. The proposed market rate homes within the first phase of the project include a mix of 3 and 4 bedroom single-family detached homes. In addition, the proposed affordable single-family detached units will be affordable in perpetuity rather than 55 years as the Ordinance provides. The 26 affordable single-family detached homes were originally proposed on 4,000 square foot lots. Braddock & Logan's refined proposal designates 13 affordable single-family detached homes in the first phase on 3,200 square foot lots. As discussed in the City Council Staff Report dated October 18, 2005 (Attachment 3), Staff is concerned with the size and the burden of upkeep associated with these detached affordable units. Smaller homes on smaller lots will help to reduce the burden of ownership and maintenance associated with these homes. The other 13 single-family detached homes will be a part of a future phase. Location of Secondary Units Braddock & Logan further proposes to modify the location of the proposed secondary units. The original affordable housing proposal that was presented to the City Council in 2005 included 26 secondary units on 6,000 square foot lots in neighborhood C located in the northern portion of the overall project. Braddock & Logan is currently proposing to construct 13 secondary units on 3,200 square foot lots within the first phase ofthe project and 13 secondary units on 6,000 square foot lots in Neighborhood C. The 13 secondary units proposed as a part of neighborhood C would be part of a future phase. The proposed secondary units would be located over the garage of the primary unit. Off-street parking for the 13 secondary units in the first phase of the project will be provided in the driveway of the primary unit as shown on the Parking Exhibit (Attachment 6). The Positano development is subject to a Planned Development (PD) Zoning District. The proposal to develop secondary units on 3,200 square foot lots instead of 6,000 square foot lots requires a minor amendment to the Planned Development Zoning (PD). The PD amendment can be processed. administratively, if so directed by the City Council. Affordable Housing Agreement The proposed draft AHA addresses the affordable housing obligation for the first 247 homes within the Positano Development. A subsequent AHA would be required for the balance of the Positano development and would address the remainder of the proposed on-site and off-site affordable housing to satisfy. the Inclusionary Zoning Regulations. The subsequent AHA would be reviewed by the City Council at a later date. Braddock & Logan has a requirement to provide 31 affordable units in the first phase of construction. Total Units 247 Inclusionary Requirement 12.5% Inclusionary Units 31 Page 4 of6 The Inclusionary Zoning Ordinance permits the developer to pay in-lieu fees for 40% of the affordable requirement or 12 units. Braddock & Logan has a must build requirement of 19 units to satisfy the requirement to provide 31 affordable units for the first 247 homes. Braddock & Logan proposes to satisfy the obligation to provide 31 affordable units in the first phase of construction by providing 13 single-family detached homes and 13 secondary units to be affordable in perpetuity, payment of in-lieu fees for the remaining 5 units, and payment of a prorated share of the $1,000,000 Community Benefit Payment on a per unit basis (i.e. $958.77 per unit) prior to issuance of each building permit (for a total of $236,816 for 247 units). Details regarding the proposed affordable units can be found in Table 2 below. Table 2: Affordable Housin2 for Phase 1 Unit Type Ownership Income Level Size of Units Affordability /Rental Period 13 Single-family 50% moderate For sale 20% low All 4 bedroom In perpetuity Detached Units 30% very low 50% moderate All 13 Secondary Units Rental 20% low 1 bedroom! In perpetuity 30% very low 1 bath 26 Total Affordable Units Rear Yard Landscaping The City Council directed Staff to work with Braddock & Logan to provide rear yard landscaping for the affordable single-family detached units. The AHA for the first phase ofthe project requires the Developer to provide rear yard landscaping for the detached affordable units as directed by the City Council (AHA Section 6.C) (including turf, shrubs, trees, irrigation, and a usable rear yard area). The Developer is required to submit conceptual rear yard Landscape Plans for review as part of the SDR application for the design ofthe homes. Energy Efficiency and Green Building Principles The AHA (Section 6.D) also obligates the developer to incorporate energy efficient measures and green building practices for the detached affordable units. Braddock & Logan has submitted a checklist outlining the measures that are proposed to address the City Council's direction. This checklist is included as Exhibit 5 of Attachment 1 to the Staff Report. Braddock & Logan has also submitted a "Single-Family GreenPoint Checklist" that identifies the energy efficiency and green building measures that will be incorporated into the affordable units. This checklist has been incorporated into the AHA (Section 6.D) and the agreement requires Braddock & Logan to meet the minimum standards established by the checklist. Anderson Property - 88 Off-site Affordable Units The 88 off-site affordable units to be constructed on the Anderson property is not part of the current AHA. Staff will continue to work with the Applicant to study the feasibility of incorporating market rate units into the project on the Anderson property and address construction timing and obtain the necessary security as we negotiate an AHA for the balance of the project. The additional AHA will be reviewed by the City Council at a future date. Page 5 of6 CONCLUSION: Because the secondary units and the affordable single-family detached units are not strictly consistent with the requirements in the Inclusionary Zoning Ordinance that states the affordable units should "reflect the range of numbers of bedrooms provided in the project as a whole" and because the secondary units do not satisfy the requirement that the units "not be distinguished by exterior design, construction, or materials," the City Council must find that Braddock & Logan's alternate proposal meets the purposes of the Inclusionary Zoning Ordinance. Staff believes this finding can be made based on the affordability characteristics of 4 bedroom homes (as opposed to 3 or 4-bedroom homes), the fact that the units will be affordable in perpetuity rather than for 55 years, the addition of the Community Benefit Payment, and the Developer's commitment to provide fully landscaped rear yards and energy efficiency measures which reduce housing costs. RECOMMENDATION: Staff recommends that the City Council: 1) Receive Staff presentation; 2) Receive testimony from the Applicant and the public; 3) Deliberate; and 4) Adopt Resolution Approving Affordable Housing Agreement between the City of Dublin and Dublin RE Investors, LLC for the First Phase of the Positano development and authorizing the City Manager to execute the Agreement (Attachment 1), with the Affordable Housing Agreement attached as Exhibit A); and Direct Staff to prepare a minor administrative amendment to the Fallon Village Stage 1 and Stage 2 PD to allow secondary units on the 3,200 lots within the Positano development. Page 6 of 6 I ~ J2:(; RESOLUTION NO. XX - 07 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN ********************* APPROVING AN AFFORDABLE HOUSING AGREEMENT FOR THE FIRST PHASE OF THE POSITANO PROJECT BETWEEN THE CITY OF DUBLIN AND DUBLIN RE INVESTORS, LLC, AND AUTHORIZING THE CITY MANAGER TO EXECUTE THE AGREEMENT WHEREAS, Dublin RE Investors, LLC (the Developer) is the owner of two parcels of land . within Fallon Village which together are known as Positano and consists of 1,043 residential units; and WHEREAS, an Affordable Housing Agreement is required by the Inclusionary Zoning Regulations of City of Dublin Zoning Ordinance (Chapter 8.68); and WHEREAS, the Developer has proposed a comprehensive affordable housing proposal to address the requirements of the Inclusionary Zoning Ordinance for the entire Positano development and said proposal includes alternative methods of compliance with the Inclusionary Zoning Regulations; and WHEREAS, the Developer's affordable housing proposal for the overall 1,043 unit Positano development includes a combination of 26 on-site detached units and 26 on-site secondary units to remain affordable in perpetuity, 78 off-site apartments to be affordable in perpetuity, and a $1,000,000 Community Benefit Payment; and WHEREAS, the City Council held a public meeting on October 18, 2005, to review the affordable housing proposal, and the City Council directed Staff to work with the Developer to refine the affordable housing proposal; and WHEREAS, Staff and Developer have been working to refine the proposal in accordance with the direction from the City Council, but an agreement has not yet been reached due primarily to uncertainties about the off-site apartment project; and WHEREAS, to allow it to proceed with the initial phase ofthe project, the Developer proposes to enter into an Affordable Housing Agreement to allow construction of 247 residential units in the first phase of the project with an obligation to provide 31 affordable units; and WHEREAS, the Developer proposes an alternate method of complying with the Inclusionary Zoning Regulations and the obligation to provide 31 affordable units through a combination of constructing 13 detached four bedroom homes including 4 very low income units, 3 low income units, and 6 moderate income units to remain affordable in perpetuity; 13 secondary units including 4 very low income units, 3 low income units, and 6 moderate income units to remain affordable in perpetuity; payment of in-lieu fees for 5 units; and payment ofa prorated share of the $1,000,000 Community Benefit Payment on a per unit basis ($958.77 per unit); and WHEREAS, the First Phase Affordable Housing Agreement would require the Developer to enter into a subsequent affordable housing agreement prior to any additional development beyond the initial 247 residential lots to address the Inclusionary Zoning Obligation for the remainder of the Positano development; and ~=tt7'1 bl5107Mlff Attachment 1 e>2 ~J J 2-C WHEREAS, the project has been found to be Categorically Exempt from the California Environmental Quality Act (CEQA); and WHEREAS, a Staff Report was submitted to the City Council for consideration of this request; and WHEREAS, the City Council did hold a public hearing on said agreement on May 15, 2007; and WHEREAS, the City Council did use its independent judgment and considered all said reports, recommendations, and testimony. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Dublin does hereby find that the alternate methods of compliance with the Inc1usionary Zoning Regulations contained in the proposed Affordable Housing Agreement (which is included as Exhibit A), including the combination of constructing 13 detached four-bedroom homes that will remain affordable in perpetuity, and 13 secondary units that will remain affordable in perpetuity within Neighborhood A of the First Phase of the project, payment of in-lieu fees for the equivalent of 5 units, and the payment of a prorated share of the $1,000,000 Community Benefit Payment, meet the purposes of Inc1usionary Zoning Regulations. NOW, THEREFORE, BE IT FURTHER RESOLVED that the City Council ofthe City of Dublin does hereby approve the Affordable Housing Agreement between Dublin RE Investors, LLC, and the City of Dublin for the first 247 units ofthe Positano development as described in Exhibit A. BE IT FURTHER RESOLVED that the City Manager is authorized and directed to execute the Affordable Housing Agreement. PASSED, APPROVED AND ADOPTED this 5th day of June 2007 by the following vote: AYES: NOES: ABSENT: ABSTAIN: Mayor ATTEST: City Clerk G:\PA#\2005\05-038 B&L Stage 2 Fallon Village\Affordable Housing Agreement\CC Reso AHA 5.15.07.DOC 2>~' 1~0. AFFORDABLE HOUSING AGREEMENT FOR THE CONSTRUCTION OF INCLUSIONARY UNITS AND PAYMENT OF FEES IN LIEU OF CONSTRUCTING INCLUSIONARY HOUSING UNITS Dublin RE Investors, a California limited liability company. First Phase (247 Residential Lots) of the Fallon Village Project TillS AGREEMENT is hereby entered into this _ day of _, 2007 by and between the City of Dublin ("the City") and Dublin RE Investors, L.L.C., a California limited liability company ("the Developer"). Recitals 1. Chapter 8.68 ofthe Dublin Municipal Code contains Inclusionary Zoning Regulations ("the Regulations"). The Regulations were adopted pursuant to Strategy LB. of the City's General Plan Housing Element, the purpose of which is to create affordable housing opportunities in the City of Dublin for very low-, low- and moderate-income households. 2. The City of Dublin adopted the Regulations recognizing that the cost of new housing is so high that persons with very low-, low- and moderate-incomes are increasingly unable to locate affordable housing in the City. The purpose of the Regulations is to achieve a balanced community with housing available at all income levels. 3. Accordingly, the Regulations require that residential projects with 20 or more units/lots contain at least 12.5% very low-, low- and moderate-income units/lots. The Regulations require that the units be constructed in the following proportions: 30% very low- income, 20% low-income, and 50% moderate income. In lieu of constructing 40% of the Inclusionary Units that the Regulations would otherwise require, the Regulations authorize developers to pay a fee, currently set by the City through June 30, 2007 at $86,640 per unit required but not built. If fees are paid in lieu of construction, developers are still required to construct 60% of the obligation. 4. Developer is the owner of 488.2 acres of real property in the City of Dublin generally located east of Fallon Road and more specifically described in Exhibit 1 (the "Property"). 5. Developer desires to construct a residential project on the parcel that consists of 1,043 for-sale units (collectively "the Project"), and the Project is subject to the Regulations. 6. On November 8, 2005, the Planning Commission ("PC") approved a vesting tentative subdivision map (P.C Reso. No. 05-61) ("the VTM Resolution") to create 1,043 residential lots, and Developer has submitted an application for Site Development Review ("SDR") approval for an initial phase, which includes 247 lots, and the City is processing the SDR ("the Approvals"). Developer also intends to shortly file the first of "multiple final maps" based on the tentative subdivision map, which would create 247 residential lots. Fallon Village (Initial Phase) Affordable Housing Agreernent_052 1 07 (2) AffOJ First Phase ofPositano Project May 24, 2007 Exhibit A 4- ~ 12(, 7. Condition No.2 of the VTM Resolution provides as follows: Inclusionary Zoning: Prior to approval of Site Development Review or recordation of the first phased Final Map, whichever occurs first, the owner or owners of all the property subject to this vesting tentative map shall enter into an Affordable Housing Agreement with the City for the entire Vesting Tentative Map area, which agreement shall be recorded against such area and against any other property where Developer proposes to construct off-site affordable units if approved by the City Council pursuant to Dublin Municipal Code section 8.68.040.B. Such agreement shall include but is not limited to providing detail regarding the number of affordable units required, specify the schedule of construction of affordable units, set forth the developer's manner of compliance with City of Dublin Inclusionary Zoning Regulations and impose appropriate resale controls and/or rental restrictions on the affordable units. Ifthe agreement provides for construction of the units off-site, as provided in DMC section 8.68.040.B, it shall require City Council approval and Council findings as required by said section and shall include provision for security adequate to assure completion of the off-site affordable units concurrently with the completion of the construction of the market rate units to be constructed on the lots created by the vesting tentative map. 8. Under the Regulations, the City Council may wholly or partially waive the requirements of the Regulations and approve alternate methods of compliance with this Chapter . if the applicant demonstrates and the City Council finds that such alternate methods meet the purposes of the Regulations. 9. Based on 1,043 units, the Developer's inc1usionary zoning obligation under the Regulations would be 130 units (1,043 times 0.125 equals 130.375), and it would be permitted to pay fees in lieu of construction to satisfy the obligation as to 52 units (130 times 0.4 equals 52), leaving a must-build obligation of 78 units. 10. In the fall of 2005, as means of satisfying its inclusionary housing obligations for the entire 1,043 unit project, Developer proposed an alternative method of compliance that would result in the construction of a total of 130 inc1usionary units. 11. Specifically, under its initial proposal, Developer would: (a) build 26 integrated units on 4,000 square foot lots, which would be fully compliant with the Regulations, and would in addition be affordable in perpetuity; (b) build 26 1 bedroom, secondary dwelling units on 6,000 square foot lots, which would be rental units and affordable in perpetuity; ( c) build an 88-unit off-site affordable project, which would include 78 inclusionary units to satisfy the obligations of the Project; and (d) contribute a $1,000,000 community benefit payment to the City. 12. On October 18,2005, the City Council conceptually approved the Developer's initial proposal and directed City staff to work with the Developer to (a) refine the proposal to include landscaping in the rear yards and using energy efficient measures for the integrated affordable homes to bring down the cdst of ownership; (b) work on timing issues and obtain necessary FaIlon ViIlage (Initial Phase) Affordable Housing Agreement_052 107 (2) AffOJ 2 First Phase ofPositano Project May 24, 2007 6~r~" security for the completion of the off-site project; (c) study the feasibility of the integrating the 88 unit off-site project into a larger mixed income project; and (d) incorporate green building principles in the project as practical. 13. In response to the direction from the City Council, Staff and the Developer have been working diligently to prepare an affordable housing agreement that would set forth the Developer's obligations as to the entire Project, but an agreement has not yet been reached due primarily to uncertainties about the off-site affordable project. 14. The Developer has therefore proposed that the City initially enter into an affordable. housing agreement for the first phase of the Project, which consists of 247 residential lots and the location of which is shown on Exhibit 2 ("the First PhaSe"), and the parties would continue negotiating the definitive affordable housing agreement for the Project. 15. The City is agreeable to such a phased approach, provided that the First Phase agreement satisfies the entirety of the First Phase's obligations under the Regulations and provided that Developer specifically agrees that the City may refuse to record additional final maps for the Project that would create residential parcels in excess of the 247 residential parcels in First Phase and that it will enter into an affordable housing agreement for the remainder of the Project prior to any further development outside of the First Phase. 16. For the 247 units in the First Phase, the Developer's inclusionary zoning obligation under the Regulations.would be 31 units (247 times 0.125 equals 30.875), and it would be permitted to pay fees in lieu of construction to satisfy the obligation as to 12 units (31 times 0.4 equals 12), leaving a must-build obligation of 19 units. 17. Developer has proposed an alternate method to satisfy its 31 inc1usionary unit obligation (a) by constructing in the First Phase (i) 13 integrated inclusionary units on 3,200 square foot lots, which would be affordable in perpetuity, rather than for 55 years as the Regulations require ("the Integrated Units"), and (ii) 13 I-bedroom, secondary dwelling units, which would be rental units and affordable in perpetuity, rather than for 55 years as the Regulations require ("the Second Units"); (b) paying fees in lieu of construction for the remaining 5 unit obligation; (c) making a community benefit payment prior to issuance of each building permit equal to $958.77 (which amount is calculated based on the proposed $1,000,000 contribution divided by the 1,043 units proposed in the Project); Cd) including rear yard landscaping and energy efficiency measures to reduce the homeowners' cost ofliving in the 13 integrated inclusionary units; and (e) incorporating green building principles into the 26 inclusionary units. 18. The City Council hereby finds that the alternate method of complying with the Regulations for the 247-unit First Phase of the Project meets the purposes of the Regulations. NOW, THEREFORE, in satisfaction of the requirements of Chapter 8.68 of the Dublin Municipal Code, in partial satisfaction of condition 2 of the VTM Resolution ~d in consideration of the City's approval of the Project, Developer and City for themselves and their respective successors and assigns hereby agree as follows: Fallon Village (Initial Phase) Affordable Housing Agreement_ 052107 (2) AffoJ 3 First Phase ofPositano Project May 24, 2007 6 e::f /26 1. Definitions and Interpretations. Terms used in this Agreement shall be defined as set forth in Chapter 8.68 ofthe Dublin Municipal Code. 2. Limited Applicability of Affordable Housin2 Aueement. This Agreement shall be deemed to satisfy the requirement under the Regulations and Condition 2 of the VTM Resolution for the Developer to enter into an affordable housing agreement for the Project prior to approval of Site Development Review and the recordation of the first phased final map, provided, however, that in accordance with the Regulations and Condition 2 of the VTM Resolution, development on, and approval of subsequent fmal maps that include, any portion of the Property beyond the First Phase shall require either an amendment to this Agreement or a subsequent affordable housing agreement ("the Subsequent Agreement") setting forth the manner in which the Regulations will be complied with for the remainder of the Project. Developer hereby agrees that it will not assert the provisions of Government Code section 66458 to require the City to approve additional phased final maps (beyond those for the creation of the 247 residential parcels in the First Phase) pursuant to the tentative map approved by the VTM Resolution until such time as it has entered into the Subsequent Agreement. 3. Developer's Compliance with Affordable Housin2 Obli2ation. Developer intends to complete the First Phase in fourteen sub phases plus a phase that includes 8 model . homes. Section 8.68.030 of the Regulations requires that all affordable units in a project be constructed concurrently with a project or phase of a project. Exhibit 3 shows the location, and type, of the Inc1usionary Units to be constructed within the First Phase. All Inc1usionary Units identified on Exhibit 3 shall be constructed concurrently with the market-rate units surrounding the Inclusionary Units. The City finds that the preliminary construction schedule attached hereto as Exhibit 4, which shows the completion ofthe 26 Inclusionary Units in the initial three phases along with 78 market rate units, constitutes construction of the Inclusionary Units concurrently with the market rate units as required by Section 8.68.030 of the Regulations. Notwithstanding the foregoing, Developer shall be permitted to deviate from the attached preliminary construction schedule, provided that the Inclusionary Units still are constructed concurrently with the market rate units as required by Section 8.68.030 of the Regulations. If the Building Official or. Community Development Director determines that the Inclusionary Units have not been or are not being constructed concurrently with the market-rate units as required by this Section 2, the Building Official shall withhold further issuance of building permits in the Project until construction ofthe Inclusionary Units in the phase has been completed to the satisfaction of the Community Development Director. 4. In-Lieu Fees. Developer shall pay in-lieu fees to fulfill its obligation to construct 5 of the 31 inc1usionary units at the time, in the amount, and as otherwise required by the Regulations and Council Resolution No. 56-02. As required by the Regulations, the entirety of the fee shall be paid at time of issuance of the first building permit in the First Phase. Notwithstanding anything to the contrary in the foregoing, the parties agree that, should the parties enter into the Subsequent Agreement, the monies paid by Developer pursuant to this Section will be refunded to Developer, with the City retaining any accrued interest, from the City's Affordable Housing Fl).nd, unless the Subsequent Agreement specifies otherwise. Fallon Village (Initial Phase) Affordable Housing Agreement_052107 (2) AffOJ 4 First Phase ofPositano Project May 24, 2007 71 /~ 5. Community Benefit Payment. Developer hereby agrees to make a $958.77 community benefit payment prior to .issuance of the building permit for each residential unit in the First PhaSe. The community benefit payment required by this Section shall be in addition to the $2,396.93 community benefit payment required by the Development Agreement for the Fallon Village Project between Developer and the City, .dated December 20, 2006. 6. Inclusionarv Unit Desi2D. Location. and Size. A. Exterior Materials and Exterior Architectural Desi2n. The exterior materials and exterior architectural design ofthe Inclusionary Units shall be consistent with the First Phase's market-rate units upon their review and approval through the Site Development Review by the Planning Commission; provided, however, that minor changes to unit size may be approved by the Community Development Director through a Site Development Review waiver. B. Unit Location. Consistent with Section 8.68.030 of the Regulations, the Inclusionary Units shall be dispersed throughout the individual phase in which they are constructed. The "Diagram and Location of Inclusionary Units in the First Phase of the Project," attached hereto as Exhibit 3, shows the location of the Inclusionary Units as proposed by the Developer, which the developer hereby agrees to construct as shown, and the City hereby fmds that the units as shown are reasonably dispersed through the Project as required by Section 8.68.030.E of the Regulations. C. Rear Yard Landscavin2. Developer's Site Development Review submittal shows fully landscaped rear yards (including turf, shrubs, trees, irrigation, and a usable pad area) for each ofthe Integrated Units shown in Exhibit 3, and Developer hereby agrees to complete the rear yard landscaping as shown in the submittal (or as revised in the SDR approval) prior to occupancy of the Integrated Units. D. Green Buildin2 Principles. Construction of the Integrated Units and Secondary Units shall incorporate Green Building Principles by meeting the minimum requirements for a green home set forth in the "Single Family GreenPoint Checklist" attached hereto as Exhibit 5. 7. Unit Bedrooms and Size. The size ofthe Inclusionary Units shall be consistent with the Site Development Review approval of the Planning Commission, provided however, that minor changes to unit size may be approved by the Community Development Director through a Site Development Review Waiver. The developer proposes to provide: A. 8 very low-income units (4 four-bedroom Integrated Units and 4 1- bedroom Secondary Units); B. 6 low-income units (3 four-bedroom Integrated Units, and 3 one-bedroom Secondary Units); and C. 12 moderate-income units (6 four-bedroom Integrated Units, and 6 one- bedroom Secondary Units). Fallon Village (Initial Phase) Affordable Housing Agreement_052107 (2) AffOl 5 First Phase ofPositano Project May 24, 2007 ~1/~ The City hereby finds that, while this breakdown does not reflect the range of numbers of bedrooms provided in the First Phase as a whole, as required by Section 8.68.030.E of the Regulations, the Developer's alternate method of compliance meets the purposes of the Regulations. 8. Ensurin2 Affordabilitv. A. Inte2rated Units. i. Sales Price and Marketing of Integrated Units. Developer shall sell the Integrated Units at sales prices that are affordable, as applicable to the individual buyer, to persons with very low-, low-, or moderate-incomes as defined in the Regulations. The maximum sales price shall be adjusted for household size and income (except that the income for very-low income households shall be assumed to be equal to the maximum income within the very-low income category for the buyer's household size regardless of buyer's actual income). Additional detail on the manner of calculating sales prices for the Inclusionary Units is set forth in the Layperson's Guide to the lnclusionary Zoning Ordinance Regulations, adopted by the City Council on June 1,2004 and attached hereto as Exhibit 6. All units shall be marketed and sold consistent with the Regulations. ii. Marketing Plan. Developer shall prepare and receive City approval of a Marketing Plan as required by Section 3.1 of the Layperson's Guide to the lnclusionary Zoning Ordinance Regulations, adopted by the City Council on June 1,2004 and attached hereto as Exhibit 6, prior to issuance of the first building permit in the First Phase (excluding building permits issued for model homes). 111. Resale Agreements. Developer shall require the initial buyer of each Integrated Unit to execute, and record against the applicable property, a Resale Restriction and Option to Purchase Agreement and Perforn1ance Deed of Trust (collectively "Resale Agreement") in substantially the form attached hereto as Exhibit 7. This Affordable Housing Agreement shall serve as the agreement required by Section 8.68.030 of the Regulations. In the event that the initial buyer participates in other City housing programs, such as the first time home buyer loan program, the City may approve the use of other resale restriction agreements. B. Secondary Units. i. Regulatory Agreements. Developer shall require the initial buyer of each parcel on which one of the Secondary Units is located to execute, and record against the parcel, a Secondary Unit Regulatory Agreement in substantially the form attached hereto as Exhibit 8. Developer shall ensure that the initial buyer attends an orientation session, provided by an independent third party approved by the City, that describes the requirements ofthe Secondary Unit Regulatory Agreement. C. City Administrative Fee. Prior to the City's execution of either the Resale Agreement or Second Unit Regulatory Agreement, Developer shall pay the City a City Fallon Village (Initial Phase) Affordable Housing Agreement_052 1 07 (2) AffOl 6 First Phase ofPositano Project May 24, 2007 ~ ~1/2b Administrative Fee, in an amount to be established from time to time by the City Council and which is currently set at $1,500 per transaction. 9. Term. This Agreement shall be effective until all Inclusionary Units in the First Phase are constructed, sold, and subjected to resale restrictions approved by the City pursuant to the terms of this Agreement and the parties have entered into the Subsequent Agreement. 10. Memorandum of A2reement to be Recorded. Developer and City shall execute and acknowledge a Memorandum of this Agreement ("Memorandum") substantially in the form attached hereto as Exhibit 9, and City shall cause the Memorandum to be recorded in the Official Records of Alameda County upon its execution. 11. Ae;reement Runs with the Land. All of the provisions, rights, terms, covenants, and obligations contained in this Agreement shall be binding upon the Parties and their respective heirs, successors and assignees, representatives, lessees, and all other persons acquiring the Property, or any portion thereof, or any interest therein, whether by operation of law or in any manner whatsoever. All of the provisions of this Agreement shall be enforceable as equi"table servitude and shall constitute covenants running with the land pursuant to applicable laws, including, but not limited to, Section 1468 of the Civil Code of the State of California. Each covenant to do, or refrain from doing, some act on the Property hereunder (a) is for the benefit of the Property and is a burden upon the Property, (b) runs with the Property, and (c) is binding upon each Party and each successive owner during its ownership of the Property or any portion thereqf, and shall be a benefit to and a burden upon each Party and the Property hereunder and each other person succeeding to an interest in the Property. 12. Assi2nments and Transfers. A. Right to Assign{tc "17.1 Right to Assign" \12}. Developer may wish to sell, transfer or assign all or portions of its Property to other developers (each such other developer is referred to as a "Transferee"). In connection with any such sale, transfer or assignment to a Transferee, Developer may sell, transfer or assign to such Transferee any or all rights, interests and obligations of Developer arising hereunder and that pertain to the portion of the Property being sold or transferred, to such Transferee, provided, however, that: no such transfer, sale or assignment of Developer's rights, interests and obligations hereunder shall occur without prior written notice to City and approval by the City Manager, which approval shall not be unreasonably withheld or delayed. Any such assignment shall specifically acknowledge the obligation under Section 2 ofthis Agreement to enter into a Subsequent Agreement prior to any development on and approval of subsequent final maps that include any portion of the Property except for the First Phase. Notwithstanding the foregoing, provided notice is given as specified in Section 19, no City approval shall be required for any transfer, sale, or assignment of this Agreement, in whole or in part, to any entity or group, a majority interest of which is owned or held under common control with Developer ("Affiliate"), provided that in the event of a partial transfer, Developer has, at the time of the transfer, complied with all obligations of this Agreement or provided evidence satisfactory to the City Manager demonstrating that the remaining obligations have been allocated between Developer and Affiliate. Fallon Village (Initial Phase) Affordable Housing Agreement_ 0521 07 (2) Mfa) 7 First Phase ofPositano Project May 24, 2007 }01 }:~6- B. Approval and Notice of Sale. Transfer or Assigmnent{tc "17.2 Release Upon Transfer" \12}. The City Manager shall consider and decide on any transfer, sale or assignment within thirty (30) days after Developer's notice thereof, provided all necessary documents, certifications and other information are provided to the City Manager to enable the City Manager to determine whether the proposed Transferee can perform the Developer's obligations hereunder. Notice of any such approved sale, transfer or assignment (which includes a description of all rights, interests and obligations that have been transferred and those which have been retained by Developer) shall be recorded in the official records of. Alameda County, in a form acceptable to the City Manager, concurrently with such sale, transfer or assignment. C. Effect of Sale, Transfer or Assignment. Developer shall be released from any obligations hereunder sold, transferred or assigned to a Transferee pursuant to Section l2.a ofthis Agreement, provided that: a) such sale, transfer or assignment has been approved by the City Manager pursuant to Sections 12.a and 12.b; and b) such obligations are expressly assumed by Transferee and provided that such Transferee shall be subject to all the provisions hereof. 13. Successors. Except as specifically provided in this Agreement, this Agreement shall bind and inure to the benefit of all successors and assigns of the parties and any associates in interest, and their respective directors, officers, agents, servants, and employees, and the successors and assigns of each of them, separately and collectively. Developer shall provide notice to the City of the names and mailing addresses of any such successors or assigns. 14. Hold Harmless. Developer shall hold City, its elective and appointive boards, commission, officers, agents and employees harmless from and against any or all loss, liability, expense, claim, costs, suits, damages of every kind, nature and description directly or indirectly arising from the performance of the obligations or undertakings of Developer pursuant to this Agreement. Developer shall defend City and its elective and appointive boards, commission, officers, agents and employees from any suits or actions at law or in equity for damages caused or alleged to have been caused, by reason of any ofthe obligations or undertakings of Developer pursuant to this Agreement. It is further provided that this hold harmless agreement shall apply to all damages and claims for damages for every kind suffered, or alleged to have been suffered, . by reason of any of the obligations or undertakings of Developer pursuant to this Agreement. 15. Enforcement. If the Developer defaults in the performance or observance of any covenant, condition, restriction or obligation of the Developer as set forth in this Agreement, and such default remains uncured for a period of thirty (30) days after notice thereof is given by the City (or such longer period as may be necessary to cure the default, provided that Developer commence the cure within the thirty (30) day period and diligently prosecutes the cure to completion), the City may take anyone or more of the following steps: A. By specific performance or other action or proceeding at law or in equity, require the Developer to perform its obligations under this Agreement or enjoin any acts or things which may be unlawful or in violation of the rights of the City hereunder. Fallon Village (Initial Phase) Mfordable Housing Agreement_052107 (2) AffOl 8 First Phase ofPositano Project May 24, 2007 /1 of /2G B. Take such other action at law or in equity as may appear necessary or desirable to enforce the obligations, covenants, conditions and restrictions of the Developer under this Agreement. C. If Developer transfers any portion of the project in bulk and a Transferee defaults under this Agreement, the City shall exercise the foregoing remedies only with respect to the defaulting Transferee and its portion of the project; and so long as Developer has not otherwise defaulted hereunder, the City shall not seek to exercise any rights and remedies against Developer. 16. Attorneys' Fees. Iflegal action is necessary to enforce any provisions of this Agreement, the prevailing party shall be entitled to reasonable attorneys' fees and legal costs. 17. Amendments. This Agreement shall be amended only by a written instrument executed by the parties hereto or their successors in interest and duly recorded in the Official Records of the County of Alameda, California. In the event that Developer is unable to perform its obligations under Sections 3 and 6 of this Agreement due to significant changes in circumstances, such as unanticipated delays in construction within any of the neighborhoods, the City shall confer with Developer in an effort to reach a mutually acceptable resolution, consistent with the terms of the affordable housing conditions in the Approvals. If an agreement is reached, this Agreement shall be amended accordingly. Developer shall pay the City its reasonable costs, including attorneys' fees, incurred in such negotiations and in amending this Agreement, and Developer shall, if requested by the City, provide the City with a reasonable deposit to cover the City's reasonable costs, upon Developer initiating such negotiations. 18. Corporate Authority. If either party is a corporation, each individual signing this Agreement on behalf of that corporation represents and warrants that each of them is duly authorized to execute and deliver this Agreement on behalf of the corporation and that the Agreement is binding on the corporation in accordance with its terms. 19. Noticesftc \11 "23. Notices}. All notices required or provided for under this Agreement shall be in writing. Notices required to be given to CITY shall be addressed as follows: City Manager City of Dublin 100 Civic Plaza Dublin, CA 94568 Notices required to be given to Developer shall be addressed as follows: Jeff Lawrence Dublin RE Investors 4155 Blackhawk Plaza Circle, Suite 201 Fallon Village (Initial Phase) Affordable Housing Agreement_052107 (2) AffOl 9 First Phase ofPositano Project May 24, 2007 12-1 )~~- Danville, CA 94506 FAX No. (925) 648-5700 A party may change address by giving notice in writing to the other party and thereafter all notices shall be addressed and transmitted to the new address. Notices shall be deemed given and received upon personal delivery, or if mailed, upon the expiration of 48 hours after being deposited in the United States Mail. Notices may also be given by overnight courier which shall be deemed given the following day or by facsimile transmission which shall be deemed given upon verification of receipt. 20. Exhibits. The following documents are referred to in this Agreement and are attached hereto and incorporated herein as though set forth in full: Exhibit 1 Exhibit 2 ' Exhibit 3 Exhibit 4 Exhibit 5 Exhibit 6 Exhibit 7 Exhibit 8 Exhibit 9 Property Description of the Property Diagram of the First Phase of the Project Diagram of Location of Inc1usionary Units in the First Phase of the Project Preliminary Construction Schedule Single Family GreenPoint Checklist Layperson's Guide to the Inclusionary Zoning Ordinance Regulations Resale Restrictions and Option to Purchase Agreement Secondary Unit Regulatory Agreement Memorandum of Affordable Housing Agreement for the Construction of Inc1usionary Units and the Payment of Fees In-Lieu of Constructing Inclusionary Housing Units IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the date and year first above written. Dated: Attest: CITY OF DUBLIN By: Richard C. Ambrose, City Manager Fallon Village (Initial Phase) Affordable Housing Agreement_052107 (2) AffOJ 10 first Phase ofPositano Project May 24, 2007 13 c;f J ~ ' Kay Keck, Interim City Clerk Dated: DUBLIN RE INVESTORS, LLC By: Braddock and Logan Services, Inc. a California corporation . Its Manager: C~ ' By: - .. _. - P~. I 0 ~,J1" Fallon Village (Initial Phase) Affordable Housing Agreement_052 I 07 (2) AffOl 11 First Phase ofPositano Project May 24, 2007 !If ~ J'2~ CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT ~~~ State of California County of Q.D,..(..,r<...A On 5 )~5/ol Date CiJ STf\ before me, NPrN FE. E:m8 Name and 11tle of Officer (e.g. " \-P-. ~ R-€: ~Q. Name(s) of Signer(s) .p J (0 J-I C. , personally appeared 5E~~ !i'persOnallY known to me o (or proved to me on the basis of satisfactory evidence) J----------....-----.... NANCY E. EMBREY i@Commlsslonit1578043. I ~ -.. Notary Publfc . California I j confracOItacOIftvd My Comm..ExpItes Jun 8. ------.....------.............. to be the person~ whose name~) isfat:e subscribed to the within instrument and acknowledged to me that he/slae/~"P-xecuted the same in his/h~r authorized capacity~), and that by his~r signature~) on the instrument the person~, or the entity upon behalf of which the person(9( acted, executed the instrument. WITNESS my hand and official seal. Place Notary Seal Above €. f OPTIONAL Though the information below is not required by law, it may prove valuable to persons relying on the document and could prevent fraudulent remova! and reattachment of ~his ~rm to another document.. \ . 0 l Description of Attached Document ~'70 at O~. r- (:', M1- ~ I\....~ Title or Type of Document: Q<{t,....~b..-eJj /fcU4/~~- ~ \j .~.u~ Document Date: Number of Pages: Signer(s) Other Than Named Above: Capacity(ies) Claimed by Signer(s) Signer's Name: o Individual o Corporate Officer - Title(s): o Partner - 0 Limited 0 General o Attorney in Fact o Trustee o Guardian or Conservator o Other: Top of thumb here Signer's Name: o Individual o Corporate Officer - Title(s): o Partner - 0 Limited 0 General o Attorney in Fact o Trustee o Guardian or Conservator o Other: RIGHT THUMBPRINT OF SIGNER Top of thumb here RIGHT THUMBPRINT OF SIGNER Signer Is Representing: Signer Is Representing: ~~~~~~~~~~ @2006 National Notary Association' 9350 De Soto Ave., P.O. Box 2402' Chatsworth, CA 91313-2402 Item No. 5907 Reorder: Call Toll-Free 1-800-876-6827 ,I) ~ 12~ EXHIBIT 1 Property Description of the Property /6, 112-6 Order Number: 0150-5938928la Page Number: 5 LEGAL DESCRIPTION Real property in the City of Dublin, County of Alameda, State of California, described as follows: PARCEL ONE: A portion of the south 1/2 of Section 27 and a portion of the north 1/2 of Section 34, Township 2 South, Range 1 East, Mount Diablo Base and Meridian, described as follows: Beginning at the northerly terminus of the center of Fallon Road in the southern boundary of the Fallon Ranch; thence along the center of an existing roadway; North 180 40' West, 63.33 feet, North 340 59' 21" West, 100.06 feet, North 210 15' West, 100.00 feet, North 30 00' West, 100.00 feet; and North 10 DO' East, 100.00 feet; hence leaving said center of said roadway and running along a tangent 170.00 foot radius curve to the left through a central angle of 400 20' for an arc distance of 119.67 feet to a point of Reverse Curvature in an eXisting fence line in the westerly line of the westerly fork in said roadway; thence along said westerly line of aid roadway and said fence line on 500.00 foot radius curve to the right, through a central angle of 350 45' for an arc distance of 311.98 feet to a comer in said fence line; thence leaving said line of said roadway and continuing along said fence line and its westerly prolongation, North 820 40' West, 200.00 feet; hence North 150 51' 43" West, 272.48 feet; thence North 13030' East, 453.59 feet; thence East 470.00 feet to the hereinabove said westerly line of said roadway; thence along said line of said roadway on the following courses: North 370 40' East, 177.15 feet, North 270 15' Eat, 182.90 feet, North 70 00' West, 100.00 feet, and North 110 00' West, 130.00 feet; thence the following courses; from a tangent bearing North 680 00' West, running along a 160.00 foot radius curve to the right through a central angle of 550 00' for an arc distance of 153.59 feet to a point of Reverse Curvature; thence along a 100.00 foot radius curve to the left through a central angle of 150 20' for an arc distance of 26.76 feet to a point of Reverse Curvature; thence along a 400,00 foot radius curve to the right through a central angle of 340 15' for an arc distance of 239.11 feet to a point of Reverse Curvature; thence along 170.00 foot radius curve to the left through a central angle of 340 35' for an arc distance of 102.61 feet; thence North 280 40' West, 200.00 feet; thence along a tenant 165.00 foot radius curve to the right through a central angle of 57000' for an arc distance of 164.15 feet; thence North 280 20' East, 250.00 feet North 200 30' West, 220.00 feet to the southerly line of an existing roadway; thence from a tangent bearing South 860 35' West! running along said southerly line of said roadway on a 300.00 foot radius curve to the left through a central angle of 190 35' for an arc distance of 102.54 feet; thence North 230 00' West, 208.22 feet; hence East 660.80 feet; thence at right angles, North 1,781.78 feet; hence North 89043' 43" East, 2,258.55 feet; hence South 00 40' 34" West, 5277.52 feet; thence West 2,640.35 feet to the point of beginning. . . Excepting therefrom any portion thereof described in the Quitclaim Deed to Chang Su-O Lin, et ai, recorded December 27, 1991, Series No. 91-344397, Official Records. PARCEL TWO: The land conveyed to Fallon Enterprises, Inc., a California Corporation by Quitclaim Deed recorded December 27, 1991, Series No. 91-344396, Offidal Records. PARCEL THREE: An easement for ingress and egress, appurtenant to Parcel One above, granted to Fallon Enterprises, Inc., a California corporation, recorded July 21, 1970, Series No. 77340, Reel 2658 Rrst American Title Order Number: 0150-593892818 Page Number: 6 ORI Image 3351 over a portion of the southwestern 1/4 of Section 341 Township 2 Southl Range 1 Eastl Mount Diablo Base and Meridian described as follows: Beginning at the northerly terminus of the center of Fallo~ Road in the southern boundary of Fallon Ranch; thence west 31.67 feet along an existing fence line; thence leaving said fence line and running North 18040' West 63.33 feet; thence parallel with said fence Iinel East 31.67 feet; thence South 180 40' East 63.33 feet to the point of beginning., . APN: 985-0028-002 Arst American Title ll~ill J2S- ",rO" .. .j>. I N (J1 I N 0 0 --..I Z 0 - -l ~ > V. <0 '"tl N > - :::0 -l ~ 3 0 a: C1l ::> ~ C1l -0 ;/ - <0 ~ <0 ,/ Ul a. :> z C1l ..0. ~ CT 0 3- 0 0 a. 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I rile"!:? --r L-I-Abe L.._.._.._.._.._.._/._.._.._.._.._.._.._.._.._.._.._.._.._.._.., / / .i " /.' <'<~~-- )- \ \ \ \ \: : t......._ : : '. , ' I . I I , I I I I I I , r I I r I I I I , I , I I I / I / I ,/ I ( RECENm APR 3 0 Z001 DUBLlN PLANNING "-"-"-..-..-..-.._..J * NORTH 0' 300' 600' 1200' I DlICDY. SORlPS CIVIL ENGINEERING. LAND PLANNING.LAND SURVEYING PLEASANTON, CA. 94588 925) 225 0690 Exhibit 2 <)fJ ~ 12f; Positano First Phase Preliminary Construction Schedule MODELS Income Level Moderate Low Very Low Sub-Total BMR Market Total Neighborhood A 4 4 Neighborhood B 4 4 Total 0 0 0 0 8 8 PHASE ONE Income Level Moderate Low Very Low Sub-Total BMR Market Total Market Rate - Neighborhood A 13 13 Market Rate - Neiahborhood B 11 11 ,. Bedroom BMR 1 1 2 4 4 Secondary Unit 1 2 2 5 5 Total 2 3 4 9 24 33 Percantage of Phase Units 6% 9% 12% 27% 73% 100% PHASE TWO Income Level Moderate Low Very Low Sub-Total BMR Market Total Market Rate - Neiahborhood A 14 14 Market Rate - NeighborhoOd B 12 12 ,. Bedroom BMR 3 1 1 5 5 Secondary Unit 2 0 2 4 4 IT otal 5 1 3 9 26 35 Percantage of Phase Units 14% 3% 9% 26% 74% 100% PHASE THREE Income Level Moderate Low Very Low Sub-Total BMR Market Total Market Rate - Neighborhood A 16 16 Market Rate.- Neighborhood B 12 12 4 Bedroom BMR 2 1 1 4 4 Secondary Unit 3 1 0 4 4 Total 5 2 1 8 28 36 Percantaae of Phase Units 14% 6% 3% 22% 78% 100% PHASE FOUR IIlncome Level Moderate Low Very Low Sub-Total BMR I Market I Total II IIMarket Rate - Neighborhood B I 12 12 II PHASE FIVE Income Level I Moderate Low Very Low Sub-Total BMR Market Total " Market Rate - Neighborhood B I 12 12 II PHASE SIX ~B Moderate I Low I Very Low Sub-Total BMR Market Total 10 10 PHASE SEVEN Moderate Low Very Low Sub-Total BMR I Market I Total II Neighborhood B I I 12 12 II Exhibit 4 2) 11~~ ",Market 14 TQta,I,.,.",,,,, 14 PHASE TEN '~Sub.. TQt,alBMR' '~'lb;';TotaIB.. PHASE TWELVE Income levelt, Market Rate.. N:' PHASE THIRTEEN . 'Market 11 PHASE FOURTEEN Income liivel!; . Market Rale:-N@i SQIf~19tar BMR Su~"J.:lllil:...... 2-'h~ 12-(p Single Family GreenPoint Checklist date: f,/1'1.) .7'- ~,... Buiild' ftt 1f,:'~~II"~~ri ~, YO B '%]0 ~~~ >J ( .-- Smart 50/&11011., From )11~ Ground Up The GreenPoint checklist tracks green features incorporated into the home. The recommended mini- mum requirements for a green home are Earn a total of 50 points or more; obtain the following minimum points per category: Energy (11), Indoor Air Quality/Health (5), Resources (6), and Water (3); and meet the prerequisites A.3a (50% construction waste diversion) and N.1 (Incorporate Green Points checklist in blueprints). The green building practices listed below are described in the New Home Constructicil Green Building Guidelines, available at www.builditqreen.orQ .z. :5 III '2 II> :> >. Iii l:! E Cl> :> ~ ~ :c 0 Cl> E II> a III ~ 0 c: ::f II> U W 0:: A.SITE Possible Points 1. rotect Native Soil and Min. ize Disruption of Existing Plants & Trees o a Protect Native Topsoil from Erosion and Reuse after Construction. }.--.I-.-- 'm. ..._... I 1 o b. Limit and Delineate Construction Footprint for Maximum Protection i"'j 1 ..=-'0 __.I:Eecons.!.rUct In~teadOfDemolistiing Exi~lng Build~~_~~_Site_______________.._..______________..,______~_....L__.____'-__..L..J_____. 3. Recycle Job Site Construction Waste (Including Green Waste) o a. Minimum 50% Wasle Diversion by Weigllt (Recycling or Reuse) - Required o b. Minimum 65% Diversion by Weight (Recycling or Reuse) _._...Q_.__ c Minimu~~~!~ Diversion by Weight (Re.~~~ng or R~~~.____.___...._..__._.._...._._._._.._.._.____.._...__..___.___.__ 4. Use Recycled Content Aggregate (Minimum 25%) o a. Walkway and Driveway o b. Roadway Base RLANDSCAPING , "" I possible Points I 1. Construct Resource-Efficient landscapes 0 a. No Invasive Species Listed by Cal-IPC Are Planted 1 0 b No Piant Species Will Require Hedging 1 0 c. 75% of Plants Are Califomia Natives or Mediterranean Species i '-cr2: Use Fi";Safe t.andstaping Techniques -..----. .---- 1 3. Minimize Turf Areas in landscape Installed by Builder 0 a. All Turf Will Have a Water Requirement less than or Equal to Tall Fescue 2 0 b Turf Shall Not Be Installed on Slopes Exceeding 10% or in Areas less than 8 Feet Wide 2 0 c. T urlis <33% oflandscaped Area 2 0 d Turf is <"10% of landscaped Area 2 [J] 4. Plant Shade Trees 1 1 [ ] 5. Implement Hydrozoning: Group Plants by !,~~r Need~_____.____ I i 1 6. Install High-Efficiency Irrigation Systems 0 a System Uses Only low-Flow Drip, Bubblers. or low-flow Sprinklers I 1 0 b. System Has Smart (Weather-Based) Controllers 2 o 7. Apply Two Inches of Compost in the Top 6 to 12 Inches of Soil I , 2 l --0'-..8: MUlch-AlipjantingBeds-io the Greiite~-Of2j;;~he;o;:Locili Water-Ordln-;;;;ce Reqiiiremeni---------. ..~_.. -~'--"""1 , I i 1 0 9. Use 50% Salvaged or Recycled-Content Materials for 50% of Non.Plant landscape Elements I 1 ! [ ] 10. Reduce light Pollution by Shielding Fixtures and/or Directing light Downward I 1 I : ! c.FouNDAnON ____. 1. Incorporate Recycled Flyash in Concrete a. Minimum 20% Flyash b. Minimum 25% Flyash _..___________________ 2. Use Frost-Protected Shallow Foundation in Cold Areas (C.E.C. Climate Zone 16) -::JJ-- 3. Us~~~dori Resistant Construction (InAt-RiSiZLocations Onlyj-..-----------..-...--.-..----- Possible Points o o HH.__ 1 L _ ___.~.__L.___...__,__.l__L__._ , . 3 i 1 D. STRUCTlJRALFRAME & BllILDING ENVEl.OPE . 1, Apply Optimal Value Engineering ---.----.----.-.---.-.--.--------- o a. 2x4 Studs at 24-lnch On Center Framing o b Door and Window Headers Sized for load o c Use Only Jack and Cripple Studs Reqllire~ for load ___ Possible Points 1 Single-Family GreenPoint Checklist 2006 Edition Page 1 of 4 Exhibit 5 2-3 ~1 f).(p --- ~---_._._." ..-~l .i':' .,s '" .~ '" OJ 2 E ,., '" ::J Cl :J: E :;; ~ 0 '" fJ) ~ 0 <= '" (,.) w a:: 2. Use Engineered Lumber [] a Beams and Headers o b Insulated Engineered Headers [] c Wood I-Joists or Web Trusses for Floors o d Wood I-Joists or Rafters o e. Engineer~d or_ Finger.Jointed Studs for Vertical Appl~calions 3. Use FSC-Certified Wood o a Dimensional Studs: Minimum 40% o b Dimensional Studs: Minimum 70% o c Panel Products: Minimum 40% o d. Panel Products: Minimum 70% -O----4:-De;ig~ Energy Heels on T';;;;s (750/-:Of Aili~ Insulation Height at O~tsici;edge .of Exterior Wall) ./ 5. Design Trusses to Accommodate Ductwork 6. Use Oriented Strand Board (OSB) [] a Subnoor [] b Sheathing --rr7'- Use Recycled.Content Steel Studs for 90% of Interior Wall Framing 8. Use Solid Wall Systems (Includes SIPs, ICFs, & Any Non-Stick Frame Assembly) o a. Floors o b Walls o c. Roofs 9. Thermal Mass Walls: 5J8-lnch Drywall on Alllnterio! Walls or Walls Weigh m~~!I1_an ~.~~!.~u.~_. 10. Design and Build structural Pest Controls [] a. Install Termite Shields & Separate All Exterior Wood-to-Concrete Connections by Metal or Plastic Fasteners/Dividers . [] b All New Plants Have Trunk, Base, or Stem Located At Least 36 Inches from Foundation 11. Reduce Pollution Entering the Home from the Garage o a Tightly Seal the Air Barrier between Garage and Living Area o b. Install Separate Garage Exhaust Fan 12. Install Overhangs and Gutters o a. Minimum l6-lnch Overhangs and Gutters o b. Min.~":l.'!.'!!.?4-lnch Overhangs and G~_~~._~_.._._.__....___.._._._..._.._.._..____.___.._.___ 1 1 1 1 1 1 1 E.:E:XTERIORFINIS~_ .. .. ~_-'- .... . __-"-_----'-~_._._ -U 1. Use Recycled.content (No Virgin Plastic) or FSC.Certlfied Wood Decking ./ 2. Install a Drainage Plane (Rain Screen Wall System) ./ 3. Use Durable ~!!~.~on-Combustible Siding Materials '-0 4. ~~!.ect Durable and Non,Co!".!J~~le Roofing Materials Possible Points 2 . . . 2 ---__t~~--: -+-.j---i-t--- F. PL~mING 1. Distribute Domestic Hot Water Efficiently a Insulate Hot Water Pipes from Water Heater to Kitchen b Insulate All Hot Water Pipes OR Install On-Demand Hot Water Circulation System in conjunction with F La Insulate Hot Water Pipes from Water Heater to Kitchen o c Locate the Waler Heater within 25 feet of All Hot Water Fixtures and Appliances o d Use E~gineered Paralle!!.'P!'.1L_.___._______ ____ _0_~:_!~stall OnIY_~.!['!..E..f!lcien~ Toilets (Dual:'2~~h_.~.:::~:~!!En.._..__.____________________ _I . Possible Points o o 1 9;APPLIANCE~.___._.__ 1. Install ENERGY STAR Dishwasher [] a ENERGY STAR [] b. Dishwasher Uses No More than 6.5 Gallons/Cycle lZI---2.'Tr;"~tal~ ENERGY ST ARClothe~Wasii~!LMacj,i~e -~ith Water Faclor'0t6o~ L~;S---=----------' 3. Install ENERGY STAR Refrigerator o a. ENERGY STAR: 15% above Federal Minimum __ 0 b:...~uperi!f~ent Home Applianc~!!er 2: 3~~~~~~ederal Minimum ____..__._.__.._.._..__..___ TI 4. Install Built.ln Rec~\ing.~enter __ __._.____ Possible Points 1. 3 Single-Family GreenPoint Checklist 2006 Edition Page 2 of 4 2t !f J2b H.T~SUl..ATIO~_,_~-,~~___________._____-,~.~_-,.-,___.___,___._..__..._.....:......___ 1. Install Insulation with 75% Recycled Content a. Walls andlor Floors b. Ceiling~_______ _____. 2. Install Insulation that is Low-Emitting (Certified Section 01350) :: ~~::~:;d/or ::~: _._________._____ _________ ._.___________._.__ L - 3. Pre-Drywall Inspection Shows Quality Installation of Insulation .__ L.....:.._1 o o -T~ o o ~l:I.EATING,VENTILATION&AIR ~ONDI!!Q_NING __-'--__________, I o 1. Design and 1.~~~VACSystem to A~!?~.~an~~~~~~~_~_~:~.r!lmend~~~:_._____.1 2. Install Sealed Combustion Units a. Furnaces b. Water Heaters 3. No Fireplace or Sealed Gas ~ireplace \!ith Efficiency Rating N~ Less_Than 60% 4. Install ENERGY STAR Ceiling Fans with CFLs in Living Areas and Bedrooms 5. Install Mechanical Ventilation sYstem for Nigilttime'CoOiing (Points are'Cum-ulatlve up to 3) ._..~~'__h_ .........- . o a Whole House Fan o b. Automatically Controlled Integrated System o c. Integrated System with Variable Speed Control 1---'0---s.Tristall A!r...~~_~_~i~~ning wiih-No-ii:~~~ Ref;igeraiit~'---------'--'----'--------.- 7. Design and Install Effective Ductwork o a Install HVAC Unit and Ductwork within Conditioned Space o b. Use Duct Mastic on All Duct Joints and Seams o c. Install Ductwork under Attic Insulation (Buried Ducts) o d. Pressure Balance the Ductwork System for Master Bedroom o e. Protect Ducts during Construction and Clean All Ducts before 9.~upancy ____..__._________ ~_._ 8. Install Hig'!. Efficiency HVAC Filter !!,!!ER~ 6+) _____........__..._._._.._.__. LJ 9. Install Zoned, Hydronic Radi~~~~~ting with Slab Edg~ Insulation _ 10. Install Mechanical Ventilation System a. Any Whole House Ventilation System That Meets ASHRAE 622 b Install ENERGY STAR Bathroom Fan c. All Bathroom Fans Are on Timer or Humidistat 11. Use Low.Sone Range Hood Vented to the Outside 12. Install Carbon Monoxid~!-Iarm(s) o o -"0 o o o o o LJ ;J.B1:JILDlN(;PERFORMANCE 0% 1. Design and Build High Performance Homes (2 points for each 1% above T.24, up to 30 pts) Enter the percent above Ti!J!: 24 in the cell at left. Any value over 15% wilt!!.9!!!aticallyeam 30 poi~~:......___.__. 2. House Obtains ENERGY STAR !'.ith !!l~~~r Packa~~.g~'!ifi:~~~~~.__..__.._____.___.____ '_ 3. Inspection and Diagnostic Evaluations a. Third Party Energy and Green Building Review of Home Plans b Blower Door Test Performed _~:~~use Pa~~~ Co!!!~~~on Safety Backdraft Te~. ~- K.RENEW ABLE El'.'ERGY _....______.__ o 1. Pre.Plumb for Solar Hot Water Heating 2. Install Solar Water Heating System .'_ 3. Insta~Wiring Conduit for Futur~.~!!~!~~!!~.ic Installation !.F.'rovide 200 ft'.of Sot,!!!!:~acin!!. ROo!..._._._........... 4. Install Photovoltaic (PV) Panels a 12 kW System b 24 kW System c. 3.6 kW or more Single-Family GreenPoint Checklist 2006 Edition '" 0; '" e ,., '" ::l ~ e> :x: 0 '" '" ~ '" ~ r:: Q) W 0:: Possible Points ,,,--..~~... ! ,---' 1 1. 1. , .........L... Possible Points ; 4 ' - i 2 .... . .... f 2 1 1 i 1 2 3 1 3 1 1 1 1 1 1 1 1 2 1 - J 1 : , I 1 , i Possible Points 30 5 2 Page 3 of 4 25 <91 J 21p .2::' -c: ::> E E o u ...----.-.---.r--------- .c en "" Q) '" u ,., Q) ~ e' ;E 5 ~ ~ ~ 8J ~ Possible Points.. 1 I~:..:F@~:!!!~._...:_.__...~:~._.~. . n ......... ...... :~.~:~~~..:......:...:..____. Q 1. Provide Permanent Walk-Off Mats .and Shoe Storage at ~c:.'!!:. Entra~ces 2. Use Low/No-VOC Paint [] a Low.VaC Interior Wall/Ceiling Paints (<50 gpl VOCs (Flat) and <150 gpl VOCs (Non-Flat)) o b. Zero.VOC: Intelior Wall/Ceiling Paints (<5 gpl VOCs (Flat)) [] 3. Use Low VOC, Water-Based Wood Finishes (<150 gpl VOCs) 4. Use Low-VOC Construction Adhesives (<70 gpl VOCs) for All Adhesives a----s. Use Recyc!ed.Content Paint_.._.-==-~~~=~---.------- -----.- 6. Use Environmentally Preferable Materials for Interior Finish: A) FSC.Certified Wood, B) Reclaimed Lumber, C) Rapidly Renewable D) Recycled.Content or E) Finger-Jointed At Least 50% of Each Matenal (1 pt each): o a. Cabinets o b. Interior T nm o c. Shelving o d. Doors 0_._..__ e. Countertop~_..__________________.__..___.__.....__._____ 7. Reduce Formaldehyde in Interior Finish (Section 01350) for At Least 50% of Each Material Below: o a. Cabinets [] b Intenor Trim [] c. Shelving o d. Subfloor U 8. After Installation of Finishes, Test of Indoor Air Shows Formaldehyde Level <27ppb 1 3 M.}t1..00RlNG Possible Points 1. Use Environmentally Preferable Flooring: A) FSC.certified or Reclaimed Wood, B) Rapidly Renewable Flooring Materials, C) Recycled.Content Ceramic Tiles, D) Exposed Concrete as Finished Floor or E) Recycled- Content Carpel Note: F/ooring Adhesives Must Have <50 gp/ VOCs. o a. Minimum 15% of Floor Area o b. Minimum 30% of Floor Area o c Minimum 50% of Floor Area o d. Minimum 75% of Floor Area 2. Thermal Mass Floors: Floor Covering Other than Carpet on 50% or More of Concrete Floors 1 __.2!.looring Me~~_Section ~135O_~~~~~~~I!..~bel Plus ~equir~!"~~..l50% Mini~!!!!.__....._._===.L__._L 2 L___L__ N.OTHER ..... . :.... -~Ocrporate Green Points Ch~~lclist j~-B'lueprints .. Required ------~------ -0 2. Develop Homeowner Manual of Green Features/Benefits 1 1 I 3. Community Design Measures & Local Priorities: See the Community Planning & Design section in Chapter 4 of the New Home Guidelines for measures Maximum of 20 points for suggested measures Local requirements may also be listed here. -..Enierdesclipiioo.here.--------.----.-.-..------......-....-....-.....--..--..-.-.....--.....-.........-----.------...---....-0--.--....--.. ...... ... ..........-....-...--...............- Possible Points y 1 o o o o o o o o o Enter descliption here "-- ""Ente'r descilptlon'here--'------ "~_..~_,.___~~W_.'n.^~^'"..___._.___~.__~_.,.,._...._.,.,~__.._c_.' . _._..~-_.,~,_.~,.^.~..,.~......~....~.. --- 4. Innovation: Ust innovative measures that meet the green building objectives of the Guidelines. Enter up to a maximum combined total of 20 pts See Innovation Checklist for suggested measures. ______w__ Innovation in Community: Enter descnption here ......"............_......................."..'........m......~__'"......_._"........_..__....k..__...........,..._...._. Innovation in Energy: Enter descnption here .ll1l1o;;aiionin.iAQiHeaith:Enterdescripiion~tiere~ ..... __ _,"_." ..__.._ _._,. _ ...__,,_.._....._...._.._,_..+_".......~.h.. ..... ~.......... ._. .___... .k'_'_'",_'_'" Innovation in Resources: Enter descliption here innovation lIlWater:-i:riierdesCflpiion.here... Points Achieved from Specific Categories Total Points Achieved Project Has Met All Recommended Minimum Requirements Single-Family GreenPoint Checklist 2006 Edition Page 4 of 4 2-tf. 0-/ /25 .w ....=;:,'t=;,~=;::::O'io==:::;;:,':.=-..:::-...=;,..==-.1,==..~=...=-;,..=;,':,==::o':.=.':. =."=.,,=...=,;:,,,=.':.=--;~.==o':.=::::o,,=...==,..,:===.;:'''~=.;'~~''\~:,: ti _ II l/lf @j . I I: ii 'A (l! QQ ('Ie . ~ l! Ii ~ ~ . ~ .J Ii) i~ ~.I So ~~ .,-...- ~ - - 1! P ii ;1; C>' bQ l'I@ . ;I~.;I Ii I! II '$ (>' OQ (!If!) · CITY OF DUBLIN ~~ . ~ ! i o~, I \! . 1 ." !r It . LAYPERSON'S GUIDE TO )~I if Ii I' THE INCLUSIONARY J! . III /y,P ;; Ii ., ZONING ORDINANCE ~ .. REGULATIONS 11 ,~ ~ , ~ .. 'I ":1l €" ~'f\ lZ'fiI I Ii . ~ ~ ~ .. APPROVED BY DUBLIN CITY COUNCIL ii ~';. ON JUNE 1, 2004 :~ -, jr .' I" , . -0 11 0' o. ).1 Revised in April 2005 I; ~: : e(ll , II . ' .0 .... ~ ~,=.-."...:=.~: =.': =::-..:::::..; =0: =-~: =="; :::=::3: =;.,"g =-:::':: .===..":; =_-:=.; =..: ==:.~: =C:: ::::=:.::.~; :.-:=::::: =::::::."; ==..": ==::C': ~=:::.~: =-=~: =."; ::::::-...::;..: ==Extiimt;t ~7 :{ J~ CITY OF DUBLIN TABLE OF CONTENTS INTRODUCTION 1 1 THE INCLUSIONARY ZONING PROCESS 2 1.1 Determining the Number and Size of Units Required 2 1.2 How to Calculate the Inclusionary Unit Obligation 2 1.3 How to Calculate How Many Units Must Be Constructed and How Many Units Will be Subject to the In-Lieu Fee 3 1.4 How to Calculate the Fee That May Be Paid in-lieu of Unit Construction 3 1.5 How to Calculate How Many Inclusionary Units Must Be Provided at Each of the Three Income Levels 4 1.6 How to Determine the Unit Sizes and bedroom requirements for Inclusionary Units 5 1.7 How to Determine the Location of Inclusionary Units Within the Development 6 2 AFFORDABLE HOUSING AGREEMENT 2.1 What is an Affordable Housing Agreement 3 FOR SALE PROJECTS 3.1 The Marketing Plan 3.2 Applications for Ownership Units 3.3 Screening Based on Household Size 3.4 Screening Based on Priority Preferences 3.5 Buyer Selection Process 7 7 8 8 8 10 11 13 4 ESTABLISHING SALES PRICE AND LOAN REQUIREMENTS FOR OWNERSHIP UNITS 13 4.1 Sales Price of Affordable Units 13 1 ~'?P-t t ~ 4.2 Acceptable Home Loan Products for Inc1usionary Zoning Units 16 4.3 Closing of Sale and Escrow 16 5 RENTAL PROJECTS 17 5.1 Preparation and Approval of Management Plan 17 5.2 Establishing Unit Rents for Inc1usionary Units 17 5.3 Screening Based on Household Size 17 5.4 Screening Based on Priority Preferences 18 5.5 Occupant Selection for Rental Developments 20 5.6 Calculating Affordable Rents 21 5.7 Monitoring Rents 22 11 LIST OF EXHIBITS Exhibit 1 Resale Restriction Agreement and Option to Purchase Exhibit 2 Sample Inc1usionary Unit Application packet Exhibit 3 Sample Application to Purchase Inc1usionary Unit Exhibit 4 Selection Preference Verification Letter Exhibit 5 Excel Spreadsheet to Calculate Ownership Sale Prices Exhibit 6 State of California Housing and Community Development Department Income for Guidelines (Example 2004) Exhibit 7 Current Alameda County Housing Authority Utility Allowance Sheet Exhibit 8 Below Market Rate Unit Monitoring Sheet 111 ;2.q ~l~ 30 1 /~. LAYPERSON'S GUIDE TO THE INCLUSIONARY ZONING ORDINANCE REGULATIONS (Provision of For-Sale and Rental Inclusionary Units (below market rate units) Introduction This document is the Layperson's Guide to the City's Inclusionary Zoning Ordinance Regulations ("the Regulations"), which are set forth in the City's Municipal Code at Chapter 8.68. The City Council's purpose in adopting these Regulations is to increase the diversity of housing prices/rents in the community and ensure that the range of prices/rents continue over time. The purpose of this Guide is to assist the layperson in interpreting these Regulations early in the development process so that development projects are sensitively designed from the beginning. Development projects of 20 residential units or more must comply with the Regulations. In general, the Regulations require that 12.5% of the units constructed in a project be restricted in occupancy and in sale price or rent charged. Such restricted units are referred to as Inclusionary Units or Below-Market-Rate (BMR) units. (Section 8.68.030.A) Of these units, 50% must be affordable to moderate-income households, 20% to low- income households and 30% to very low-income households. (Section 8.68.030.B) Moderate-income households, low-income households, and very low-income households are defined as households that have an income level, respectively, of 120% to 80%, 80% to 50%, and less than 50% of the median income for the County of Alameda adjusted for household size. (Section 8.68.030.D.) The State of Cali fomi a Housing Community Development Department (HCD) annually publishes income limits for each County. The City uses the HCD income limits for Alameda County, which are available on the HCD website (www.hcd.ca.gov). for setting income limits for the Inclusionary Zoning Regulations (Section 8.68.030.D). While the Regulations require that 12.5% of the units in the project be Inclusionary Units, they permit the developer to meet 40% of this obligation by paying a fee in-lieu of construction. Thus, there is a "must-build" requirement of7.5% ofthe units in the project, and the obligation with respect to the remaining 5% may be satisfied by the payment of a fee in-lieu of construction. Inclusionary Units must remain affordable for a period of 55 years, through affordability restrictions recorded against the property. In addition, the Inclusionary Zoning Regulations require that Inclusionary Units: . Be constructed concurrently with the market-rate units in the project · Have a similar range of bedrooms to the market-rate units in the project . Not be distinguished by design or materials from the market-rate units in the project April 29, 2005 1 3/, ~..) 2/; · Be reasonably dispersed throughout the project. The Regulations also contain other means of complying with the obligations it imposes. Those alternatives are set forth in Section 8.68.040 of the Dublin Municipal Code. 1 THE INCLUSIONARY ZONING PROCESS 1.1 Determinin2 the Number and Size of Units Required Prior to submitting a pre application to the City for projects that include residential units of 20 or more, the developer should begin thinking about how the Inc1usionary Units will be built into the design of the project. Housing Staff is available to discuss options for meeting the Inclusionary Requirements with the developer as part of the initial project review. For example, if a Developer intends to build only the minimum number of Inclusionary Units that the Regulations require it to build, Housing Staff can preliminarily indicate for the developer's planning purposes the number ofInclusionary Units the developer is required to build, the income levels and sizes of the required Inclusionary Units, and the amount of the in-lieu fee under the then-current fee schedule. After a project application is submitted to the Community Development Department for review, a Planning Review Committee Meeting is generally held. In this meeting City Staff and interested agencies involved in the development process review the project and give preliminary comments to the developer. Prior to or following the Project Review Committee (PRC) meeting, Housing Staff will send a letter to the developer indicating the Inclusionary Zoning Obligations ofthe project as preliminarily proposed. A copy of this letter will be directed to the City Planner responsible for the project as well. The purpose of this letter is to provide the developer information on inclusionary obligations as early as possible in the development process. The City recognizes that the project is likely to evolve over time and that the project will likely change prior to obtaining City entitlements. However, this information is provided early in the process as a service to the developer for their planning purposes. The actual Inclusionary Zoning Obligations will be formalized in an Affordable Housing Agreement (AHA) between the City and the Developer, prior to recordation of a final map for the development. 1.2 How to Calculate the Inclusionarv Unit Obli2ation The Regulations state that 12.5% of the total number of units within an applicable development project be Inclusionary Units (Section 8.68.030.A.). In making this calculation, any decimal fraction less than or equal to 0.50 is disregarded, and a decimal fraction greater than 0.50 is construed as a unit. Two examples of how the Inclusionary Unit Obligation for a particular development are shown in Figure 1. April 29, 2005 2 3:? <1/~ , FIGURE 1 Example 1: The developer proposes a 224-unit subdivision. 12.5% percent of224 is 28. The Inclusionary Obligation is therefore 28 units. Example 2: The developer proposes a 316-unit subdivision. 12.5% percent of 316 is 39.5. Rounding the decimal fraction down, the Inclusionary Obligation is therefore 39 units. 1.3 How to Calculate How Manv Units Must Be Constructed and How Manv Units Will be Subiect to the In-Lieu Fee The Regulations permit the developer to pay a fee in-lieu of constructing up to 40% of the Inclusionary Unit Obligation. When the calculation of the fee results is a decimal fraction, the rounding rules contained in Section 8.68.030A are used. Using the same examples from Figure 1, Figure 2 illustrates the calculation of the number of Inclusionary Units that will be subject to the fee. FIGURE 2 Example 1: The developer proposes a 224-unit subdivision, for which the Inclusionary Obligation is 28 units. 40% of 28 units =11.2 units. Disregarding the fraction, the developer may pay fees in-lieu of construction on the remaining 11 units, and the developer's "must-build" obligation would be 17 units. 11 + 17 = 28 units. Example 2: The developer proposes a 316- unit subdivision, for which the Inclusionary Obligation is 39 units. 40% of 39 units = 15.6 units. This number is rounded up to 16 and in-lieu fees may be paid for this amount, instead of providing units. The "must-build" obligation would be 23 units. 16 + 23 = 39 units. 1.4 How to Calculate the Fee That Mav Be Paid in-lieu of Unit Construction The amount of the in-lieu fee is set by resolution of the City Council. Resolution No. 56- 02 establishes that the in-lieu fee per unit is adjusted annually on July 1 to reflect the greater ofthe percentage change either in a) the Bay Area Urban Consumer Price Index (CPI) as of March of each year, or b) the United States Department of Housing and Urban Development (HUD) Fair Market Rent limits for the Oakland Primary Metropolitan Statistical Area (PM SA) that are in effect at the time. The fee as of July 1, 2004 is $82,466 per Inclusionary Unit. April 29, 2005 3 331 12-6 THE ENTIRE IN-LIEU FEE AMOUNT FOR THE PROJECT IS DUE AND PAYABLE AT ISSUANCE OF FIRST BUILDING PERMIT IN THE PROJECT. Using the examples from Figures 1 and 2, Figure 3 illustrates how to calculate the amount of the in-lieu fee. FIGURE 3 Example 1: The developer proposes a 224-unit subdivision. Fees may be paid in lieu of construction on 11 units. 11 X $79,754 = $877,294, which is the amount of the in-lieu fee for the project. This entire amount would be due prior to issuance of first building permit. Example 2: The developer proposes a 316-unit subdivision. Fees may be paid in lieu of construction on 16 units. 16 X $79,754 = $1,276,064, which is the amount of the in-lieu fee for the project. This entire amount would be due prior to issuance of first building permit. 1.5 How to Calculate How Manv Inclusionarv Units Must Be Provided at Each of the Three Income Levels The Regulations (Section 8.68.030.B) state that the Inclusionary Units included in each development project shall be allocated to households in the following manner. Very low-income households Low-income households Moderate-income households 30% 20% 50% 100% Once again, when the result of the allocation calculations includes a decimal fraction, the rounding rules contained in Section 8.68.030.A are used. The Regulations indicate that, where the allocation results in fewer units than would otherwise be required; one additional unit should be allocated to the lowest income level with the decimal fraction closest to 0.50. (Section 8.68.030.B) Figure 4 illustrates how to calculate the number of units that must be provided at each income level and how the rounding requirement is implemented. April 29, 2005 4 .2Lf ~ )2~ FIGURE 4 The project includes 200 units. The Inclusionary Unit obligation is, therefore, 25 units. The developer chooses to pay the in-lieu fee for 40% of the units, which equals 10 units. The developer's must-build requirement (7.5%) is, therefore, 15 units. · 50% of those 15 units would need to be restricted for moderate-income households, 50% of 15 = 7.5 . 20% of those 15 units would need to be restricted for low-income households, 20% of 15 = 3 · 30% of those 15 units would need to be restricted for very low-income households, 30% of 15 = 4.5 7.5 + 3 + 4.5 = 15 Since two of these numbers are fractions at exactly .5, the City of Dublin would require that the unit be provided in the lower income category. In this example the income- unit mix would be: . 7 moderate-income units . 3 low-income units . 5 very low-income units 1.6 How to Determine the Unit Sizes and bedroom requirements for Inclusionarv Units The Regulations require that the same proportion of bedrooms be reflected in the Inc1usionary units as are in the market rate units. 'Once again, the rounding conventions in Section 8.68.030.A are used, if the allocations result in decimal fractions. Figure 5 illustrates how to determine the number ofInc1usionary Units that must be provided at each unit size. April 29, 2005 5 6? ~ )~, FIGURE 5 To determine bedroom requirement: The developer proposes a 200-unit condominium project and is paying in-lieu fees for 40%. The must build obligation is 15 units. The project includes: · 50 one-bedroom units (25 % of total) . 100 two-bedroom units (50% oftotal) . 50 three-bedroom units (25% oftotal) Therefore: . 25% of the Inclusionary Units are to be one-bedrooms . 50% of the Inclusionary Units are to be two-bedrooms · 25% of the Inclusionary Units are to be three-bedrooms To determine bedroom requirement per income category: If 5 of the units are very low-income, using the percentages above the requirement for bedrooms are: . 25% of 5 = 1.25 one-bedroom units . 50% of 5 = 2.5 two-bedroom units . 25% of 5 = 1.25 three-bedroom units Therefore, the development would be required to provide: . lone-bedroom unit . 3 two bedroom units . 1 three bedroom unit The same calculation is performed to determine the bedroom sizes of the low- income and moderate-income units. 1.7 How to Determine the Location of Inclusionarv Units Within the Development Section 8.68.030.E states that "All affordable units shall be reasonably dispersed throughout the project." The purpose of this provision is to avoid concentration of the Inclusionary Units in a particular location within a development, effectively segregating them from the rest of the development project. There are many ways in which to implement this requirement and consultation with Community Development Department Staff is recommended prior to developing the final site plan. Ultimately, the Planning Commission or City Council will make a determination based on Staff recommendation if this requirement has been met. April 29, 2005 6 3{; ~ /2G 2 AFFORDABLE HOUSING AGREEMENT The execution of an Affordable Housing Agreement ("Agreement") is required under Section 8.68.50 of the Dublin Municipal Code. This requirement is generally repeated in the Conditions of Approval for the Site Development Review or Tentative Map for the development project for the developer's convenience. 2.1 What is an Affordable Housine Aereement This agreement contains the legal requirements of the residential project for compliance with the Inc1usionary Zoning Ordinance regulations. This Agreement runs with the land and survives transfer or sale of the land to another developer. The Agreement is for a period of 55 years. If a project is not built and new entitlements are sought for a property, a new Affordable Housing Agreement would be required, which would replace the existing Agreement. Among other things, the Agreement must contain the following items: 1. A description of how the developer will comply with its Inc1usionary Obligation (whether through unit construction and/or partial payment); 2. An indication of whether the Inc1usionary Units will be for-sale or rental units; 3. A requirement that the developer construct the number of Inc1usionary Units required to be constructed in each income category; 4. A requirement that the developer construct Inc1usionary Units at particular unit sizes (i.e., number of bedrooms) in each income category; 5. Depending on the nature of the development, requirements regarding the timing of construction of the units to ensure that the units are constructed concurrently with the development of the project as a whole; 6. If the development proposes for-sale units, a requirement that the developer prepare and obtain City approval of a Marketing Plan, prior to issuance of any building permits in the project, indicating efforts to be made by the developer to sell or rent the Inc1usionary Units. This requirement is discussed in additional detail in Section 2.2 below; 7. If the development proposes for-sale units, it is required that the developer ensure that the purchaser of an Inc1usionary Unit execute a resale agreement. A copy of the form resale agreement is attached as Exhibit No.1; and 8. If the development proposes rental units, the owner shall provide a Management Plan and prepare the Annual Report required by Section 8.68.050B. The Management Plan documents how the management firm markets the Inc1usionary Units, how the firm maintains a waiting list for the Inc1usionary units, how the management firm verifies the household income of applicants for the Inc1usionary Units, both initially and annually, provides information on the units to be made available for the City of Dublin to use on the City website, provides a contact telephone number and also identifies those responsible for contact and communication with the City of Dublin. Upon approval of the City Staff, the April 29, 2005 7 .J1 '1 /~~ Management Plan may be produced and submitted after the Affordable Housing Agreement is executed, but prior to the issuance of building permits. 3 FOR SALE PROJECTS After the Affordable Housing Agreement is executed, and prior to the sale of any affordable units in the project there is a process that must be followed that includes preparation of a Marketing Plan, screening, ranking, qualifying and providing documentation to Housing Staff for final verification of eligibility for an Inclusionary Unit. 3.1 The Marketine Plan Prior to the issuance of building permits for any for-sale Inclusionary Units, the developer shall submit a Marketing Plan for the City's approval. The Marketing Plan must contain the following: 1. A one-page narrative summary suitable for advertising the availability of the Inclusionary Units on the City web page and other locations, including a telephone number for interested applicants to call for additional information; 2. An explanation of the application process to be used. The Regulations require that applicants be ranked based on preferences set forth in the ordinance (Section 8.68.050.D); 3. The developer must indicate the process by which it intends to accept applications and rank applicant households. In order to establish an eligibility list, it will be necessary that application deadlines be established for each phase of a development that includes Inclusionary Units; 4. Time1ines for buyer selection. If the development is a phased project, information must be provided on the number of phases and the time lines for those phases; and 5. A requirement that the developer's sales staff meet with the City's Housing Staff to receive training on the sale selection process and application. (See Exhibit No.2) 3.2 Applications for Ownership Units Each applicant shall be required to complete an application. Exhibit No 3 is a sample application for the purchase of an Inclusionary Unit. An applicant receives: · Explanation of the process used in occupant selection; . Eligibility requirements for interested buyers; April 29, 2005 8 . The income levels for the various units; . The City preferences in occupant selection as established in the Regulations (Section 8.68.050.D); . Any floor plans for the offered units; . The City's "Application for lnclusionary Unit"; and . The Disclosure Statement from the Resale Agreement. It is important that the developer's sales staffbe able to understand the application process. Pursuant to the Marketing Plan, the Housing Staff will have provided the developer's sales staff with training so that they understand and can explain the application process. The developer's sales staff should be able to explain the resale restrictions that are contained in the Resale Agreement that each buyer would need to execute. The developer may rank applicants based on the criteria that are set forth in their Marketing Plan. For example, the developer might only accept those applicants that are mortgage pre-qualified by a lender or other methods. Once the applicants are ranked, the developer must use this list and offer the units to the highest ranked household as long as these households are able to verify that they are in the correct income category and are able to obtain a loan for the unit. (Acceptable Home Loan Products are discussed in Section 4.2). The sale prices of the units will vary dependinf! on the income of each prospective household offered a unit. Figure 6 illustrates how the selection process works. (See following page) April 29, 2005 9 3~ ~ J~ 30j raj I~ FIGURE 6 Step 1. A developer decides to accept Inclusionary Unit applications for a particular period of time and advertises, as set forth in the Marketing Plan. Step 2. The developer makes application packets available to all who request them. The developer will also provide application packets to the City for distribution at City Hall and the Library. Step 3. The applicant response period ends. The developer will sort and establish a list of all qualified applicants within one month following closing of applicant list. This initial screening will qualify applicants based on low, very low or moderate income as the case may be for the particular unit) and whether the household is the appropriate size for the particular unit. If the developer has established in the Marketing Plan that they will accept only mortgage pre-qualified applicants, this will be reflected in the list as well. Step 4. All qualified applicants within each income category will be ranked by the preference categories in the Regulations. Those applicants with the highest number of points are at the top of the list and others follow in descending order based on the number of points giv~n. Step 5. Units are offered to applicants beginning at the top of the list. The developer may not pass over an applicant higher on a list in favor of another because of a higher income. Applicants are to be taken in the order ranked. The developer may only exclude ranked applicants because the applicants were not successful in obtaining financing or were not able to demonstrate their qualifying household income. Step 6. If the applicant accepts the unit, the applicant's file, ready to enter into escrow, is delivered to the City of Dublin Housing Staff for review and confirmation. Step 7. Applicant's files are returned to developer and escrow may begin for each qualified applicant for the unit. 3.3 Screeninl! Based on Household Size For both rental and for-sale units, household size for each Inclusionary Unit may not exceed two people for each bedroom and may not be less than one person per bedroom, unless otherwise prohibited by special financing sources such as the California Multifamily Housing Program. Selection of applicants will be limited to those households that match the number of bedrooms in the units being constructed for sale. The following household sizes for various units sizes are used: April 29, 2005 10 ,q.o 1/~' One-bedroom units Two-bedroom units Three-bedroom units Four-bedroom units 1-2 people households 2-4 people households 3-6 people households 4-8 people households 3.4 Screenine Based on Priority Preferences After being screened for initial eligibility based on household income and household size, applicant households shall be ranked and sorted based on the number of points the applicant receives under the priorities set forth in the Regulations at Section 8.68.050.D. If priority categories are checked on the application form, the developer will be required to request verification of that claimed preference from the applicant and the form letter requesting verification attached as Exhibit No 4 may be used for this purpose. This verification may be requested at the initial application or at a later date, after the developer has performed a preliminary review of all applicants. The point system set out in the Regulations (see Table 1) provides preferences to those persons who live in Dublin, work in Dublin, are public-service employees in Dublin, are seniors, are permanently disabled, are an immediate family member of a Dublin resident, and/or are being required to relocate from current Dublin residence due to demolition of dwelling or conversion of dwelling from rental to for-sale (lpoint, one per household). The Regulations provide that even if two persons in the household may be eligible to receive priority points, the points are only awarded for one person. For example, if a husband and wife are both employed in Dublin, the couple receives only 3 points for being employed in Dublin. Similarly, if two seniors make up a household, they would be entitled to only 1 point. Table 1: The Priority Point System Priority Employed in Dublin Public service employee in Dublin Resides in Dublin Seniors (62 and over) Permanently disabled Have an immediate family who is a Dublin resident & has continuously lived in Dublin the past year Must move because housing is to be demolished or converted to condo Points 3 points I additional point 3 points I point 1 point I point I point Definitions of the various priority categories are set forth in the Regulations, Section 8.68.050.D as follows: . To qualify as employed in Dublin the person shall have been employed within the City of Dublin for at least six months. · To qualify as a public service employee the person shall be employed by a public agency. · To qualify as a Dublin resident, the person shall have been a resident of the City of Dublin for at least a one-year period prior to the eligibility determination. April 29, 2005 11 L;f ~/~ . To qualify as a relocated Dublin resident, the person shall have been relocated from the current Dublin residence due to demolition of dwelling or conversion of dwelling from rental to for-sale unit. Where definitions are not explicitly stated in the Regulations, the City has developed definitions: . A senior is defined as a person 62 years or older for the purpose of qualifying for preference points. . To qualify for the permanently disabled point, the person must be able to provide written verification from a physician or show receipt of SSI. . Immediate family is defined as a mother, father, brother, sister, child, grandparent or grandchild. Figure 7 demonstrates how the preference points are calculated. FIGURE 7 Example 1: An applicant for an Inclusionary Unit both lives in Dublin (for at least one year) and works in Dublin (for at least 6 months). This individual will receive the following points: Lives in Dublin 3 points Works in Dublin 3 points Total number of points 6 points Example 2: An applicant for an Inclusionary Unit works in Dublin and is a schoolteacher. This individual will receive the following points: Works in Dublin Public Service Employee Total number of points 3 points 1 point 4 points Example 3: An applicant for an Inclusionary Unit is a senior citizen (62 years old) and lives in the City of Dublin (for at least one year). This individual will receive the following points: Senior citizen 1 point Lives in Dublin 3 points Total number of points 4 points April 29, 2005 12 42-1 J~ 3.5 Buver Selection Process The developer locates and finally selects purchasers pursuant to the Inclusionary Zoning Regulations. The restricted units are to be made available to very low, low, and moderate income households. The developer must verify that the prospective occupants' income is/are appropriate for those categories. This verification must consist of evidence based on some third party source such as income tax returns or W-2 statements. Proof that the developer has requested and obtained this verification from prospective occupants will be requested by the City Housing Staff prior to final approval of occupancy in any Inclusionary unit. The selection process requires the developer to use the following process: . Collect applications for a given time period. An initial qualification is made based on household size (See Section 3.1) and household income (see Section 4.1). . Sort and rank the applications based on the Inclusionary Zoning Regulations' preferences for occupant selection. Complete the ranking process and produce a list with those applicants with the most City of Dublin preference points at the top followed by all other applicants in descending order based on number of points received. If more than one applicant receives the same number of City preference points or if some applicants receive no points, the developer shall use other objective criteria in occupant selection. The criteria that the developer proposes to use shall be submitted to City Staff ahead of time in the Marketing Plan. For example, the developer may date stamp all applicant applications and, in the case of a tie, will offer the unit to that applicant that applied first, or the developer may choose to hold a lottery to break ties. . The ranked list must be completed within 30 days of the application deadline. . Offer the units to applicants based on the list established above, offering first to those applicants with the most points, then in descending order. . Provide application with income verification, executed Resale Agreement and final sale price offered as well as loan product to be used to City for final determination of eligibility. If all needed documents are included, the City will return to developer or agent within a week if possible. 4 ESTABLISHING SALES PRICE AND LOAN REQUIREMENTS FOR OWNERSHIP UNITS 4.1 Sales Price of Affordable Units The Inclusionary Ordinance (Section 8.68.020A.2) states that the price at which the Inclusionary Units are to be offered is the price that would allow an applicant in the April 29, 2005 13 if3 1 /2(, pertinent category to pay no more than 35% of their income toward housing expenses. This requires that each and every qualified buyer pay no more than 35% of his or her individual household income toward housing expenses. The only exception is very-low income applicants. Units for very-low income applicants will be priced using the maximum in the low income level adjusted for household size as total housing expenditures. As described below, a number of assumptions are used to calculate the maximum sale price for inclusionary units. An individual homebuyer's actual expenses may differ from the assumptions. For example, the actual interest rate may be lower if the homebuyer obtains a variable interest rate mortgage. In addition, the actual downpayment may be more or less than the assumed 5%, and the mortgage term may be less than 30 years. The assumptions are used for the purpose of establishing a standardized method of arriving at a sales price, and are not intended to limit the choices that a buyer may utilize or to limit the mortgage products or downpayments that a developer may accept. Following lending industry standards, housing expenses consist of "PITI," or principal, interest, taxes and insurance. The City of Dublin also includes Homeowner Association dues as a housing expense. The maximum sale price is the price that will allow the homebuyer to purchase an inclusionary unit by paying no more than 35% of their household income for PITI and Homeowners Association dues, based upon the following assumptions. The only exception is very-low income applicants. Units for very-low income applicants will be priced using the maximum in the low income level adjusted for household size as total housing expenditures. · Downpayment (For the purpose of calculating the sale price of a home or condominium, it is assumed that the prospective buyer will make a 5% downpayment. The developer may accept alternate amounts for actual downpayments. ) . Interest (Based on the weekly 30-year fixed rate published by the Federal Home Loan Mortgage Corporation, (703) 903-2446. The actual interest rate may vary.) · Mortgage Term (A 30-year term is assumed. The actual term may differ.) · Taxes (Calculated using 1.25% of the estimated sale price of the unit.) · Insurance (Includes Private Mortgage Insurance (PMI), if any, and homeowners hazard insurance. PMI - For the purposes of calculating sale price, PMI may be calculated at 2% of the estimated loan, or the amount actually required by a given loan product being offered. o Homeowner's Insurance - The cost of homeowner's insurance may be calculated based on information researched by each developer, as to what an April 29, 2005 14 I.tLf ~ ! 2-' - actual policy may cost a new homeowner. (If the homeowner insurance is covered by a homeowner association structure, homeowners insurance need not be included, but it must be documented that the HOA will provide adequate insurance.) . Homeowners' association dues, if any. The City has an Excel spreadsheet, available for public use, which can assist in the calculation of the final sales price, based on the listed criteria and housing expenses (Exhibit No 5). Each lnclusionary Unit may sell at a different sale price, depending on the household income of the selected household. Figure 8 shows how the sales price is calculated (see following page). FIGURE 8 This example is of a four-person household qualifying to purchase a two-bedroom unit. This household's gross income is $89,000. The maximum income for a four-person moderate income household (using State HeD 2004 income limits) Household's annual income (hypothetical) Monthly income available for housing expenses: (35% of$89,000 = $31,150; $31,150 divided by 12 = $2,595.83) Developer wishes to sell home at: Down Payment (for calculation of sales price only - 5%) Mortgage Required Calculation: Monthly mortgage payment (based on $285,000, 30-year fixed at 6% interest) Other Monthly Housing Expenses: . Private Mortgage Insurance · Property Tax (1.25% of sales price) · Homeowners Insurance (based on demonstrated market rates) . Homeowners Association Dues Total mouthly expenses: $98,650 $89,000 $2,595.83 $300,000 $ 15,000 $ 285,000 $1,708.72 $ 191.43 $ 312.50 $ 166.67 $ 200.00 $2,589.75 $2,589.75 is less than the buyer's monthly income available for housing expenses of $2,595.83, therefore, the sales price is in accordance with the Inclusionary Zoning Ordinance requirements. April 29, 2005 15 q51/~- 4.2 Acceptable Home Loan Products for {nelusionarv Zonine: Units The City reserves the right to reject certain mortgage products because of the stronger likelihood that some products could result in loss of the Inclusionary Unit due to a foreclosure. The following is a non-exclusive list of the loan products that are acceptable to the City. The list is not intended to be exhaustive and other loan products may be evaluated upon request. 1. 97 -100% Loan to Value Loans 2. 90-97% Loan to Value Loans 3. Up to 95% Loan to Value Loans 4. Adjustable Rate Mortgages · Two-Step Mortgage (adjusts only once - depends on rate adjustment) · Six Month ARM (Depending on initial interest rate, adjustment caps and lifetime caps) . One Year ARM (Depending on initial interest rate, adjustment caps and lifetime caps) · Fixed-Period Adjustment Rate Mortgages (Depending on adjustment rates, caps and lifetime caps). In evaluating ARMs the City will consider the effect of the mortgage provisions on the ability of the buyer to make payments · Pledged-Assets Mortgages · Virtually all CalHF A products available to First Time Homebuyers in California 4.3 Closine: of Sale and Escrow Once the Inclusionary Unit buyer has been selected and price calculated, the necessary documents must be completed and buyer fully qualified for the mortgage. When the buyer is fully qualified and ready to enter into an agreement to purchase, the qualifYing packet is sent to the City of Dublin Housing Staff for review. The documents necessary for Housing Staff review are the following: 1. Completed and Signed Application for Inclusionary Unit; 2. Completed and signed loan application; 3. Completed Truth in Lending Statement; 4. Complete Income Verification information on household; 5. Complete information on unit offered to prospective buyer, including unit size, number of bedrooms and additional amenities; 6. Completed, executed, and notarized City of Dublin Resale Restriction Agreement and Option to Purchase; and 7. If claiming an Inclusionary Preference, verification of that preference (covered in Section 3.0). April 29, 2005 16 4~ ~ /2{, City Staff will review the packet for completeness and compliance with the Inclusionary Zoning Ordinance. The Application for Inclusionary Unit will be removed from the packet and retained as part of City records. A copy of the income verification for the household will be made and retained by the City as proof of the buyer's qualification to purchase the Inclusionary Unit. The original signed Resale Agreement will also be retained by the City and a copy returned to the lender. If the City receives a completed packet, the review will be completed and file returned to developer within one week of the submittal if possible. The Resale Agreement along with a Request for Notice of Default will be recorded on closing of each sale. IF THE PACKET IS INCOMPLETE, THE SALE CANNOT PROCEED UNTIL ALL NEEDED DOCUMENTS ARE PROVIDED. The documents will be returned to the lender, with a copy of the City's Escrow Instructions for the recording of the Resale Agreement. City Staff will contact the lender to establish whom the escrow and/or title firm is that will be in charge of closing the sale. City Staff will send the original Resale Agreement to that firm with the Escrow Instructions for recordation on closing ofthe sale. 5 RENTAL PROJECTS After the Affordable Housing Agreement is executed, and prior to the rental of any units in the project there is a process that must be followed that includes preparation of a Management Plan, screening, ranking and qualifying of eligible tenants. 5.1 Preparation and Approval of Manal!ement Plan The Management Plan will outline for the City how the management entity plans to recruit and maintain occupancy of the Inclusionary Units. The document will also provide a brief history of the management entity and previous experience as well as list other rental complexes that are under their management. 5.2 Establishinl! Unit Rents for Inclusionarv Units The Inclusionary Ordinance (8.68.020A.1) states that rents for Inclusionary Units may not exceed 30% of the maximum income level for very low, low and moderate income. The City of Dublin uses the State of California Housing and Community Development Income Guidelines by County. The Income Guidelines for 2005 are attached as Exhibit No 6. 5.3 Screeninl! Based on Household Size For both rental and for-sale units, household size for each Inclusionary Unit may not exceed two people for each bedroom and may not be less than one person per bedroom, April 29, 2005 17 4- 7 ~f )24} unless otherwise prohibited by special financing sources such as the California Multifamily Housing Program. Selection of applicants will be limited to those households that match the number of bedrooms in the units being constructed for sale. The following units household sizes for various units sizes are used: One-bedroom units Two-bedroom units Three-bedroom units Four-bedroom units 1-2 people households 2-4 people households 3-6 people households 4-8 people households 5.4 Screenine Based on Priority Preferences After being screened for initial eligibility based on household income and household size, applicant households shall be ranked and sorted based on the number of points the applicant receives under the priorities set forth in the Regulations at Section 8.68.050D. If priority categories are checked on the application form, the developer will be required to request verification of that claimed preference from the applicant and the form letter requesting verification attached as Exhibit No.4 may be used for this purpose. This verification may be requested at the initial application or at a later date, after the developer has performed a preliminary review of all applicants. The point system set out in the Regulations (see Table 1) provides preferences to those that live in Dublin, that work in Dublin, that are public-service employees in Dublin, that are seniors, and that are permanently disabled. The Regulations provide that even if two persons in the household may be eligible to receive priority points, the points are only awarded for one person. For example, if a husband and wife are both employed in Dublin, the couple receives only 3 points for being employed in Dublin. Similarly, if two seniors make up a household, they would be entitled to only 1 point. Table 2: The Priority Point System Priority Employed in Dublin Public service employee in Dublin Resides in Dublin Seniors (62 and over) Permanently disabled Have an immediate family who is a Dublin resident and has continuously lived in Dublin the past year Must move because housing is to be demolished or 1 point converted to condo Definitions of the various priority categories are set forth in the Regulations, Section 8.68.050.D. · To qualifY as employed in Dublin the person shall have been employed within the City of Dublin for at least six months. · To qualifY as a public service employee the person shall be employed by a public agency. Points 3 points I additional point 3 points I point 1 point I point April 29, 2005 18 ~ '"11 ~ . To qualify as a Dublin resident, the person shall have been a resident of the City of Dublin for at least a one-year period prior to the eligibility determination. . To qualify as a relocated Dublin resident, the person shall have been relocated from the current Dublin residence due to demolition of dwelling or conversion of dwelling from rental to for-sale unit. Where definitions are not explicitly stated in the Regulations, the City has developed definitions: . A senior is defined as a person 62 years or older for the purpose of qualifying for preference points. . To qualify for the permanently disabled point, the person must be able to provide written verification from a physician or show receipt of SSI. . Immediate family is defined as a mother, father, brother, sister, grandparent or grandchild. Figure 9 demonstrates how the preference points are calculated. FIGURE 9 Example 1: An applicant for an Inclusionary Unit lives in Dublin (for at least one year) and works in Dublin (for at least 6 months). This individual will receive the following points: Lives in Dublin Works in Dublin Total number of points 3 points 3 points 6 points Example 2: An applicant for an Inclusionary Unit works in Dublin and is a schoolteacher. This individual will receive the following points: Works in Dublin Public Service Employee Total number of points 3 points I point 4 points Example 3: An applicant for an Inclusionary Unit is a senior citizen (62 years old) and lives in the City of Dublin (for at least one year). This individual will receive the following points: Senior citizen 1 point Lives in Dublin 3 points Total number of points 4 points April 29, 2005 19 LI~' )21;; 5.5 Occupant Selection for Rental Developments In rental developments, the management firm (which could be the owner or builder) is the entity that will be responsible for occupant selection and documentation. The Management Plan for the development will outline how tenants will be selected and prioritized to comply with the Regulations' preferences. Each applicant shall complete the Application for Inc1usionary Unit and return it to the management company. Exhibit No 3 is a copy of the Application for Inc1usionarv Unit. The management company's leasing staff should be trained to understand and explain the Affordable Housing Application and process to applicants. To lease the Inc1usionary Units the developer/management company will need to do the following: . Collect applications for a given time period. An initial qualification is made based on household size (See Section 5.3) and household income (see State of California, Housing and Community Development Department website, www.hcd.ca.gov); . Sort and rank the applications based on the Inc1usionary Zoning Regulations' preferences for occupant selection. Complete the ranking process and produce a list with those applicants with the most City of Dublin preference points at the top followed by all other applicants in descending order based on number of points received. If more than one applicant receives the same number of City preference points or if some applicants receive no points the developer shall use other objective criteria in occupant selection. The criteria that the developer will use in the event of a tie shall be submitted to City Staff ahead of time in the Management Plan. For example, the developer may date stamp all applicant applications and, in the event of a tie, will offer the unit to that applicant that applied first, or the developer may choose to hold a lottery to break ties. The ranked lis(must be completed within 30 days ofthe application deadline; · Offer the units to applicants based on the list established above, offering first to those applicants with the most points, then in descending order; and . Maintain application with income verification for City to review at onsite monitoring. If a project is financed through a program that has stricter occupant selection or occupant documentation requirements than the City, the City may elect to defer to those requirements and not require additional documentation. The City will require tenant income verification and restriction of the units for 55 years for the three income categories; however, the management firm may send to the City copies of the documentation that is required and produced for other monitoring agencies. April 29, 2005 20 ''50 ~ J~G 5.6 Calculatine: Affordable Rents Affordable rents are calculated by multiplying the annual household income of the income-qualifying household by 0.30, then dividing by 12. The result is the maximum monthly rent for the Inclusionary Unit if the tenant pays no utilities. The Inclusionary Zoning Ordinance Regulations state that maximum rents cannot exceed 30% of household income for the maximum income in a given category. Following rental programs such as HUD's Section 8 or the Tax Credit Allocation Committee rental tables, reduction in rental amounts are taken if tenants are required to pay utilities. If tenants pay for utilities, the maximum rent must be reduced to account for the cost of utilities (a utility allowance). Utilities include gas, electric, water, and trash disposal. If tenants are required to provide their own stove, refrigerator, or washer and dryer, those expenses are considered utilities, and the maximum rent is further reduced. If the tenant is responsible for any of the above, an allowance reduces the rent by the amounts listed in Exhibit No. 7*. Figure 10 illustrates the calculation of maximum rent. FIGURE 10 Example 1: A developer provides 2 bedroom rental units for moderate-income households. The developer establishes a tenant eligibility list and for moderate-income the first household on the list for a two-bedroom unit is a family of four with an annual income of $91,900. Thirty percent of$91,900 is $27,570, and 1/12 of $27,570 is $2297.50. This would be the maximum monthly rent. The maximum rent could be charged to this household if the household were not responsible for any utilities. Example 2: Following on Example 1, the maximum rent for the moderate-income unit for a household of four was $2297.50, but this development requires tenants to pay electric, gas and water and water heating (gas) bills. The heating and cooking are both gas. The management pays for trash, provides the refrigerator and the stove. Using the current Utility Allowance in Exhibit 7, the following amounts are to be deducted from the maximum monthly rent. $2,297.50 $ 12.00 $ 2.00 $ 10.00 $ 14.00 $2,259.50 The rent that may be charge to this household could not exceed $2,259.50 monthly. gas heating (2 bdrm) gas cooking" " gas water heating" " water * The Utility Allowances are established by the Housing Authority of Alameda County and revised periodically. The most current Utility allowances for Alameda County may be accessed at the following web site: http//www.haca.net.. then click on statistics. April 29, 2005 21 5.7 Monitorine Rents The Inclusionary Ordinance (Section 8.68.050.B) states that the management entity for the development will provide the City of Dublin an Annual Report (Exhibit No 8). The annual report will include the following information: 1. Income ofBMR tenant households, reviewed annually; 2. Identification of all Inclusionary Units (very low-, low- and moderate- income units) within the development; 3. Monthly rents charged to all BMR tenant households; and 4. Vacancy ofInclusionary Units during the previous year. This report will be due annually on October 31st. The City of Dublin Housing Staff will send a reminder letter to the management firm, with a copy of the Annual Report form for completion and certification at least three months prior to the anniversary date. This form must be completed and returned to the City by the anniversary date. G:\P A#\2001\01-038 Inclusionary ZOA \Inclusionary Guidelines\Inclusionary Guidelines - Final on 4-29-05.doc April 29, 2005 22 5"11/2-VJ -1 52, ~f2r: RECORDING REQUESTED BY AND WHEN RECORDED MAIL TO: CITY OF DUBLIN, 100 Civic Plaza Dublin, California 94568 Attn: City Clerk To be recorded without fee. (Gov. Code, ~~ 6103 and 27383.) (Space Above This Line For Recorder's Use Only) RESALE RESTRICTION AGREEMENT AND OPTION TO PURCHASE Owner: Property Address: Dublin, California Name of Development: Positano This RESALE RESTRICTION AGREEMENT AND OPTION TO PURCHASE ("Agreement") is entered into by and between the CITY OF DUBLIN, a California municipal corporation (the "City") and ("Owner") regarding certain improved real property which is more particularly described in Exhibit A attached hereto and incorporated herein and commonly known as , Dublin, CA, (the "Property") effective as of ,20_ ("Effective Date"). City and Owner are hereinafter collectively referred to as the "Parties." RECITALS A. The City has Inclusionary Zoning Regulations (Dublin Municipal Code Chapter 8.68) (the "Regulations") that require developers of rental and ownership housing to construct within their projects units that are affordable to very low-, low-, and moderate- income households ("the Program"). To further its goal of creating affordable home ownership opportunities for very low-, low-, and moderate-income persons and families, the City has initiated a program for the sale of some homes at a price below their market rate ("Program"). Pursuant to the Program, developers of housing developments agree to set aside a certain number of units for purchase or rent, as applicable, by very low-, low-, and moderate-income persons and families, as defined herein. B. Owner is an eligible [very low-, low- or moderate-]income purchaser under the Program, intends to live in the Property as an owner occupant, and agrees to maintain the Property as Owner's principal residence. 964846.2 -1- Form Revised May 21, 2007 Exhibit 7 53 '1 Jh~ C. In order to maintain and preserve the Property as housing affordable to eligible [very low-, low-, or moderate-]income purchasers, it is necessary to restrict the use and resale of the Property through imposition of the occupancy and resale restrictions set forth herein. These restrictions are intended to prevent initial and subsequent purchasers from using the Property for purposes incompatible with the Program and realizing unwarranted gains from sales of the Property at unrestricted prices. The terms and conditions of this Agreement are intended to provide the necessary occupancy and resale restrictions to ensure that the Property is used, maintained, and preserved as housing affordable to eligible [very low-, low-, or moderate-]income purchasers. To further serve the purposes of the Program, it is necessary that the City be granted an option to purchase the property so that the property may be resold by the City to an eligible household. D. The Property constitutes a valuable community resource by providing decent, safe, and sanitary housing to persons and families of [very low, low, or moderate] income who otherwise would be unable to afford such housing. To protect and preserve this resource it is necessary, proper, and in the public interest for the City to administer occupancy and resale controls consistent with the Program and the Regulations by means of this Agreement. AGREEMENT NOW, THEREFORE, in consideration of the substantial economic benefits inuring to Owner and the public purposes to be achieved under the Program, Owner and City hereby agree as follows: 1. Definitions. a. "Affordable Unit Cost" shall be as defined in the Regulations, as follows: "Owner-occupied units are deemed affordable units if the sales price results in annual housing expenses that do not exceed 35% of income level for very-Iow-, low-, and moderate-income households, adjusted for household size and as defined below. For very low-income owner occupied units, the unit shall be deemed an affordable unit if the sales price results in annual housing expenses that do not exceed 35% of the maximum in the very low-income level, adjusted for household size and as defined below." b. "Area [Very Low, Low, or Moderate] Income for Alameda County" means those income and eligibility levels determined, updated, and published each year by the California Department of Housing and Community Development, based on Alameda County median income levels, adjusted for household size. c. "Persons and families of [very low, low, or moderate] income" means persons and families whose income does not exceed [fifty percent (50%); eighty percent (80%); or one hundred twenty percent (120%)] of the Area Median Income for Alameda County, as adjusted for household size. 964846.2 -2- Form Revised May 21, 2007 ~5~ ~, I~' d. Persons and families meeting the definition set forth in Paragraph 1.b above shall be referred to as "Eligible Households." 2. Program Requirements. a. Affordability Restrictions. Owner hereby covenants and agrees that during the term of this Agreement all of the requirements and restrictions of this Agreement shall apply, and the Property shall be sold or otherwise transferred only pursuant to the terms and conditions of this Agreement and only to (i) Eligible Households at a price not to exceed the Adjusted Resale Price, as defined in Paragraph 5, (ii) the City pursuant to Paragraph 3, at a price not to exceed the Adjusted Resale Price, as defined in Paragraph 5, or (iii) a permitted transferee pursuant to Paragraph 9. b. Disclosure. DURING THE TERM OF THIS AGREEMENT THERE SHALL BE NO SALE OR OTHER TRANSFER OF THE PROPERTY WITHOUT THE WRITTEN CERTIFICATION BY THE CITY THAT THE TRANSFEREE QUALIFIES AS AN ELIGIBLE HOUSEHOLD AND THAT THE PROPERTY IS BEING TRANSFERRED AT A PRICE NOT TO EXCEED THE ADJUSTED RESALE PRICE, WHICH IS CAPPED AT THE AFFORDABLE UNIT COST AS DEFINED IN PARAGRAPH 1.a. ANY SALE OR OTHER TRANSFER OF THE PROPERTY IN VIOLATION OF THIS COVENANT SHALL BE VOIDABLE BY THE CITY. c. Principal Residence Requirement. OWNER COVENANTS AND AGREES THAT HE/SHE/THEY SHALL OCCUPY THE PROPERTY AS HIS/HER/THEIR PRINCIPAL RESIDENCE FOR THE DURATION OF HIS/HER/THEIR OWNERSHIP AND SHALL NOT RENT OR LEASE THE PROPERTY OR PORTION THEREOF DURING THE TERM OF THIS AGREEMENT WITHOUT PRIOR WRITTEN APPROVAL OF CITY. Without limiting the generality of the foregoing, any absence from the Property by Owner for a period of ninety (90) or more days shall be deemed an abandonment of the Property as the principal residence of Owner in violation of the conditions of this Paragraph. Upon request by the City made from time to time, the Owner of the Property shall submit an affidavit to the City certifying that the Property is the Owner's principal residence and provide such documents and other evidence as may be requested to verify Owner's compliance with this requirement. Abandonment of the Property shall constitute an Option Event (as defined in Paragraph 3.c below) and shall entitle the City to exercise its Option to purchase the Property. 3. Option to Purchase. a. Grant of Option to Purchase. Owner hereby grants to the City an option ("Option") to purchase all of Owner's right, title and interest in and to the Property upon the occurrence of an Option Event (defined in Paragraph 3.c below), subject to the terms and conditions contained herein. b. Assignment of the Option. The City may assign the Option to another government entity, a non-profit affordable housing provider or a person or family that qualifies as an Eligible Household. The City's assignment of the Option shall not extend any time limits contained herein with respect to the exercise period of the Option or the period within which the Property must be purchased. 964846.2 -3- Form Revised May 21, 2007 ~51 J2G c. Events Giving Rise to Right to Exercise Option. The City shall have the right to exercise its Option upon the occurrence of any of the following events (each, an "Option Event"): i. Receipt of a Notice of Intent to Transfer (defined in Paragraph 3.d.i below); ii. Any actual, attempted or pending sale, conveyance, transfer, lease or other attempted disposition of the Property or of any estate or interest therein, except as provided in Paragraph 10 below; Hi. Any actual, attempted or pending encumbrance of the Property, including without limitation by way of mortgage or deed of trust, or by judgment, mechanics, tax or other lien, except as provided in Paragraph 9 below; iv. Recordation of a notice of default and/or notice of sale pursuant to California Civil Code section 2924 (or successor provisions) under any deed of trust or mortgage with a power of sale encumbering the Property; v. Commencement of a judicial foreclosure proceeding regarding the Property; vi. Execution by Owner of any deed in lieu of foreclosure transferring ownership of the Property; vii. Commencement of a proceeding or action in bankruptcy, whether voluntary or involuntary, pursuant to Title 11 of the United States Code or other bankruptcy statute, or any other insolvency, reorganization, arrangement, assignment for the benefit of creditors, receivership or trusteeship, concerning the Owner; or viii. Any violation by Owner of any provision of this Agreement including, without limitation, the conditions set forth in Paragraph 2 above. d. Method of Exercising the Option. i. Notice of Intent to Transfer. If Owner desires to sell, convey, transfer (other than pursuant to Paragraph 9 below), lease, encumber (other than pursuant to Paragraph 10 below) or otherwise dispose of the Property or of any estate or interest therein, no less than 45 days prior to the date of such proposed sale, conveyance, transfer, lease, encumbrance or disposition, Owner shall notify City in writing to that effect (the "Notice of Intent to Transfer"). The Notice of Intent to Transfer shall be in substantially the form attached hereto as Exhibit B. In the case of a proposed sale of the Property to an identified prospective purchaser, the Owner shall submit to the City, together with the Notice of Intent to Transfer, a copy of the prospective purchaser's income certification, a list of all assets owned by the prospective purchaser, and other financial information reasonably requested by City, in a form approved by the City, along with the income certification to be provided to any lender making a loan to the prospective purchaser. The City may require documentation evidencing and supporting the income and other financial information contained in the certifications. 964846.2 -4- Form Revised May 21, 2007 !Sf1~ ii. Notice of Exercise. Upon the occurrence of any Option Event, the City may exercise its Option by delivering notice, pursuant to Paragraph 17 and within the time period specified in Paragraph 3.d.iv, to Owner of City's intent to exercise such Option pursuant to the terms of this Agreement ("Notice of Exercise"). The Notice of Exercise may be in the form attached hereto and incorporated herein as Exhibit C, or in such other form as the City may from time to time adopt. If the Option Event relates to the potential foreclosure of a mortgage under Paragraphs 3.c.iv, 3.c.v, or 3.c.vi, then the City shall also deliver the Notice of Exercise to the mortgagee or beneficiary under such mortgage, at such mortgagee's or beneficiary's address of record in the Office of the Recorder of Alameda County. iii. Notice of Consent to Transfer. If the City does not exercise the Option, it may give its consent to the occurrence of the Option Event ("Consent to Transfer"). If the Option Event involves a proposed sale of the Property to a prospective purchaser, the City's consent shall be conditioned upon (i) the proposed purchaser's qualification as an Eligible Household; (ii) the sale of the Property at a price not to exceed the Adjusted Resale Price; (iii) the proposed purchaser's execution of a Disclosure Statement in the form attached hereto as Exhibit F or such other form or forms as may be promulgated by the City; (iv) the proposed purchaser's assumption of Owner's duties and obligations under this Agreement pursuant to a written assumption agreement in a form acceptable to City, or execution of an agreement substantially similar to this Agreement, within thirty (30) days after the Consent to Transfer has been delivered to Owner and recordation of such assumption agreement or substitute agreement; (v) the proposed purchaser's execution of a Performance Deed of Trust in the form attached hereto as Exhibit G; and (vi) the seller's payment of the City's Affordable Home Ownership Unit Fee in an amount to be established from time to time by the City Council and which is currently set at $1,500 per transaction. SELLER SHALL PAY REAL ESTATE COMMISSIONS, IF ANY, WHICH SHALL NOT EXCEED 6% OF THE ACTUAL SALES PRICE. If the prospective purchaser (i) fails to qualify as an Eligible Household, (ii) fails to execute and deliver the Disclosure Statement to the City, (iii) fails to execute and deliver to the City an assumption agreement or an agreement substantially similar to this Agreement within such thirty (30) day period, or (iv) fails to execute and deliver to the City a Performance Deed of Trust in the form attached hereto as Exhibit G, then the Consent to Transfer shall expire and the City may, at its option, either notify Owner of the disqualification, thereby entitling Owner to locate another purchaser who qualifies as Eligible Household, or exercise the Option, as if no Consent to Transfer had been delivered. iv. Time Period for Notice. The City shall deliver a Consent to Transfer, if applicable, not later than thirty (30) days after the date that it receives notification of an Option Event. The City shall deliver a Notice of Exercise, if applicable, on or before the date which is the later to occur of the following: (i) thirty (30) days after the date that the City receives notification of an Option Event or (ii) fifteen (15) days after a Consent to Transfer has expired. For purposes of computing commencement of the delivery periods, the City shall be deemed to have received notification of an Option Event on the date of delivery of a Notice of Intent to Transfer, pursuant to the terms of Paragraph 17 below or on the date it actually receives notice of default, summons and complaint or other pleading, or other writing specifically stating that an Option Event has occurred. The City shall have no obligation to deliver a Notice of Exercise or Consent to Transfer, and the applicable time period for exercise of the Option shall not commence to run, unless and until 964846.2 -5- Form Revised May 21, 2007 57112-~ the City has received notification of an Option Event in the manner specified in this subparagraph. If there is a stay or injunction imposed by court order precluding the City from delivering its Consent to Transfer or Notice of Exercise within the applicable time period, then the running of such period shall cease until such time as the stay is lifted-or the injunction is dissolved and the City has been given written notice thereof, at which time the period for delivery of a Consent to Transfer or Notice of Exercise shall again begin to run. v. Notice of Abandonment. If the City fails to deliver a Notice of Exercise or Consent to Transfer within the time periods set forth in Paragraph 3.d.iv, upon request by Owner, the City shall cause to be filed for recordation in the Office of the Recorder of Alameda County, a notice of abandonment, which shall declare that the provisions of the Option are no longer applicable to the Property. Unless Owner requests recordation of notice of abandonment within 30 days of the City's failure to deliver Notice of Exercise or Consent to Transfer, the City shall have no obligation to record the notice of abandonment. Upon recordation of a notice of abandonment, the Option shall terminate and have no further force and effect. If the City fails to record a notice of abandonment, the sole remedy of Owner shall be to obtain a judicial order instructing prompt recordation of such a notice. vi. Right to Reinstatement. If the Option Event is the recordation of a notice of default, then the City shall be deemed to be Owner's successor in interest under California Civil Code Section 2924(c) (or successor section) solely for purposes of reinstatement of any mortgage on the Property that has led to the recordation of the notice of default. As Owner's deemed successor in interest, the City shall be entitled to pay all amounts of principal, interest, taxes, assessments, homeowners' association fees, insurance premiums, advances, costs, attorneys' fees and expenses required to cure the default. If the City exercises the Option, then any and all amounts paid by the City pursuant to this Paragraph shall be treated as Adjustments to the Base Resale Price for the Property, as defined in Paragraph 5 below. vii. Inspection of Property. After receiving a Notice of Intent to transfer or delivering a Notice of Exercise, the City shall be entitled to inspect the Property one or more times prior to the close of escrow to determine the amount of any Adjustments to the Base Resale Price. Before inspecting the Property, the City shall give Owner not less than forty-eight (48) hours written notice of the date, time and expected duration of the inspection. The inspection shall be conducted between the hours of 9:00 a.m. and 5:00 p.m., Monday through Friday, excluding court holidays, unless the parties mutually agree in writing to another date and time. Owner shall make the Property available for inspection on the date and at the time specified in the City's request for inspection. viii. Escrow. Promptly after delivering a Notice of Exercise, the City shall open an escrow account for its purchase of the Property. Close of escrow shall take place on such date which is the later to occur of the following, (a) sixty (60) days after a Notice of Exercise has been delivered, or (b) ten (10) days after Owner has performed all acts and executed all documents required for close of escrow. Prior to the close of escrow, the City shall deposit into escrow with a title company of City's choosing, the Adjusted Resale Price as defined in Paragraph 5 below and all escrow fees and closing costs to be paid by City. Commissions (not to exceed 6% of the actual sales price), closing costs and title insurance shall be paid pursuant to the custom and practice in the County of Alameda 964846.2 -6- Form Revised May 21, 2007 5~ ~I~'- at the time of the opening of escrow, or as may otherwise be provided by mutual agreement. Owner agrees to perform all acts and execute all documents reasonably necessary to effectuate the close of escrow and transfer of the Property to the City. ix. Proceeds of Escrow; Removal of Exceptions to Title. Prior to close of escrow, Owner shall cause the removal of all exceptions to title to the Property that were recorded after the Effective Date with the exception of (i) taxes for the fiscal year in which the escrow for this transaction closes, which taxes shall be prorated as between Owner and City as of the date of close of escrow; (ii) quasi-public utility, public alley, public street easements, and rights of way of record, and (iii) such other liens, encumbrances, reservations and restrictions as may be approved in writing by City ("Permitted Exceptions"). The purchase price deposited into escrow by the City shall be applied first to the payment of any and all Permitted Encumbrances (as defined in Paragraph 10) recorded against the Property in order of lien priority, and thereafter to the payment of Owner's share of escrow fees and closing costs. Any amounts remaining after the purchase price has been so applied, if any, shall be paid to Owner upon the close of escrow. If the purchase price is insufficient to satisfy all liens and encumbrances recorded against the Property, the Owner shall deposit into escrow such additional sums as may be required to remove said liens and encumbrances. In the event that the City agrees to proceed with close of escrow prior to the date that Owner has caused all exceptions to title recorded after the Effective Date other than Permitted Exceptions to be removed, then Owner shall indemnify, defend and hold City harmless from any and all costs expenses or liabilities (including attorneys' fees) incurred or suffered by City that relate to such exceptions and their removal as exceptions to title to the Property. 4. Base Resale Price. Prior to adjustment pursuant to Paragraph 5 the base resale price ("Base Resale Price") of the Property shall be the lowest of: a. Median Income. The original price ("Base Price") paid by Owner for acquisition of the Property pursuant to 'the Program, increased (but not decreased) by an amount, if any, equal to the Base Price multiplied by the percentage increase in the median household income ("Median Income") for Alameda County published by the California Department of Housing and Community Development, Division of Housing Policy Development, between the Effective Date and the date that the City receives notification of an Option Event; or b. Fair Market Value. The fair market value of the Property as determined by an appraiser selected and paid for by Owner and approved in writing by the City. To compute the Base Resale Price, the City may use the Base Resale Price Worksheet attached as Exhibit D hereto, or such other form as the City may from time to time adopt. 5. Adjustments to Base Resale Price. Subject to the Affordable Unit Cost restriction described in subparagraph (d) below, the Base Resale Price shall be increased or decreased, as applicable, by the following adjustment factors ("Adjustment"): 964846.2 -7- Form Revised May 21, 2007 51 112.- a. Capital Improvements. An increase for capital improvements made to the Property, but only if the amount of such improvements has been previously approved in writing by the City after Owner has submitted original written documentation of the cost to the City for verification. The amount of the Adjustment shall equal the original cost of any such capital improvements. b. Damages. A decrease by the amount necessary to repair damage to the Property, if any, and to place the Property into saleable condition as reasonably determined by the City upon City's exercise of its Option hereunder, including, without limitation, amounts attributed to cleaning; painting; replacing worn carpeting and draperies; making necessary structural, mechanical, electrical and plumbing repairs; and repairing or replacing built-in appliances and fixtures. Owner hereby covenants to, at Owner's expense, maintain the Property in the same condition as in existence on the date of City's Notice of Exercise, reasonable wear and tear excepted. c. Advances by the City. A decrease in an amount equal to the sum of all costs advanced by the City for the payment of mortgages, taxes, assessments, insurance premiums, homeowner's association fees and/or associated late fees, costs, penalties, interest, attorneys' fees, pest inspections, resale inspections and other expenses related to the Property, which Owner has failed to payor has permitted to become delinquent. d. Adjusted Resale Price Not to Exceed Affordable Unit Cost. The Base Resale Price as adjusted, is hereinafter referred to as the "Adjusted Resale Price." Notwithstanding any other provision hereof to the contrary, in no event shall the Adjusted Resale Price exceed the Affordable Unit Cost. 6. Priority and Effectiveness of the Option. a. Recordation. This Agreement shall be recorded in the Office of the Recorder of the County of Alameda on or as soon as practicable after the Effective Date. The Option shall have priority over any subsequent sale, conveyance, transfer, lease or other disposition or encumbrance of the Property, or of any estate or interest therein, and in the event of exercise of the Option by City, the City shall take the Property subject only to Permitted Exceptions. Except as otherwise provided in Paragraph l.a, the exercise of the Option by the City at any time and from time to time shall not extinguish the Option or cause a merger of the Option into any estate or other interest in the Property, and the Option shall continue to exist and be effective with respect to the Property against any and all subsequent owners in accordance with the terms and conditions hereof. b. Request for Notice of Default. The City shall file a Request for Notice of Default for recordation in the Office of the Recorder of the County of Alameda promptly upon execution of this Agreement (see Exhibit E). c. Subordination. The City agrees that in order to assist qualified purchasers to secure purchase money financing for the acquisition of the Property, the City will enter into a subordination agreement with a senior purchase money lender to subordinate this Agreement under such terms as the City and the senior purchase money lender shall negotiate. In the event that such a subordination agreement is required, Owner 964846.2 -8- Form Revised May 21, 2007 (Pf) '1 J2{: - shall pay the City a Refinance Charge Fee in an amount to be established from time to time by the City Council and which is currently set at $200 per transaction. 7. Survival of Option Upon Transfer. a. In General. The City's right to exercise the Option shall survive any transfer of the Property by Owner. Each transferee, assignee or purchaser of the Property during the term hereof shall be required to execute an agreement substantially in the form of this Agreement, provided that the term of any such agreement shall be for the duration of the term hereof as of the date of any such transfer, assignment or sale. The Option may be exercised against the Property throughout the term hereof, regardless of whether the Property is owned, possessed or occupied by Owner or any successor, transferee, assignee, heir, executor, or administrator of Owner, regardless of household income (if applicable) including a debtor-in-possession, debtor or trustee pursuant to Title 11 of the United States Code. Notwithstanding the foregoing, the Option shall not survive (i) the sale and transfer of the Property to a third party purchaser pursuant to a judicial or non-judicial foreclosure or a deed-in-Iieu of foreclosure under a power of sale contained in a mortgage or deed of trust held by an institutional lender, or (ii) the recording of an instrument conveying Owner's interest in the Property to the City, or its assignee, provided the conveyance is in accordance with the terms of this Agreement. b. HUD Insured Mortgage. If Owner has acquired the Property by a mortgage insured by the Secretary of the United States Department of Housing and Urban Development, and a notice of default has been recorded pursuant to California Civil Code Section 2924 (or successor provisions), then this Option shall automatically terminate if title to the Property is transferred by foreclosure or deed-in-Iieu of foreclosure, or if the insured mortgage is assigned to the Secretary. 8. Voidable Transfers. As long as the Option has not been abandoned pursuant to Paragraph 3.d.v, any actual or attempted sale, conveyance, transfer or other disposition of the Property, or of any estate or interest therein, in violation of the terms and conditions of this Agreement, shall be voidable at the election of the City. 9. Permitted Transfers. Provided that the transferee assumes, within 30 days of a written request by the City, all of Owner's duties and obligations under this Agreement pursuant to a written assumption agreement in a form acceptable to City, or at City's election, execution of an agreement substantially similar to this Agreement, the following transfers ("Permitted Transfers") of title to the Property, or of any estate or interest therein, shall not be subject to the City's prior approval, shall not trigger the exercise of the Option, and shall not be considered Option Events: (a) a good-faith transfer by gift, devise or inheritance to Owner's spouse or issue; (b) a taking of title by a surviving joint tenant; (c) a court-ordered transfer of title to a spouse as part of a divorce or dissolution proceeding; (d) a transfer by Owner into an inter vivos trust in which the Owner is a beneficiary and the Owner continues to occupy the property as his/her primary residence; (e) an acquisition of title, or of any interest therein, in conjunction with marriage; or (f) any good faith transfer to an Eligible Household. Notwithstanding any Permitted Transfer, the Option shall remain effective with respect to the Property for the duration of the term hereof. 964846.2 -9- Form Revised May 21,2007 ~I 1J~- 10. Permitted Encumbrances. This Option shall not become exercisable as the result of Owner's encumbering the Property (a) for the purpose of securing financing to purchase the Property pursuant to the Program, (b) to refinance indebtedness incurred to purchase the Property pursuant to the Program, provided that prior to refinancing the Property Owner shall obtain City's approval of the refinancing pursuant to section 11 below, which shall not be unreasonably withheld, or (c) to make necessary repairs to the Property in an amount approved by City pursuant to Paragraph 5a ("Permitted Encumbrances"). The maximum aggregate amount of such encumbrances outstanding at any time (the "Permitted Encumbrance Amount") shall not exceed an amount equal to one-hundred percent (100%) of the Base Resale Price calculated as provided in Paragraph 4. The Permitted Encumbrance Amount shall be calculated as if the City had received notification of an Option Event on the earlier of (a) the date on which the deed of trust or mortgage securing the indebtedness is filed for record in the Office of the Recorder of the County of Alameda, or (b) the date the City receives Notice of Intent to Transfer pursuant to Paragraph 3.d.i above. Owner hereby covenants and agrees that he/she/they shall use his/her/their best efforts to ensure that any deed of trust or other agreement encumbering the property shall include provisions providing for notice to be delivered to City of any default thereunder and for City's right to cure such default at City's election. 11. Refinancing; Junior Loans. a. Initial Financing. Any prepayment and refinance of any financing used to purchase the Property ("the Initial Financing") shall not be permitted unless expressly approved by the City in writing, and the City may approve such refinancing only if all of the following conditions are met: i. the refinance reduces Owner's monthly payments of principal and interest on the Initial Financing or shall be used to finance capital improvements preapproved by the City ("Eligible Capital Improvements"); ii. the refinance does not cause the principal amount of all debt secured by the Property to exceed the then outstanding balance (plus refinancing and closing costs) of the Initial Improvements plus the cost of any Eligible Capital Improvements that shall be made by Owner; iii. the refinance does not result in Owner receiving any cash from the refinance other than for Eligible Capital Improvements permitted pursuant to Paragraphs 11.a.i and 11.a.ii; iv. the refinance does not cause the Property's loan to value ratio (calculated by comparing the total debt secured by the Property to the Adjusted Resale Price of the Home) to exceed the loan to value ratio for the Property at the time of initial purchase by the Owner (calculated by comparing the total debt secured by the Property to the Purchase Price paid by the Owner). v. the total outstanding balance of principal and any accrued interest on all loans secured by the Property does not exceed the Adjusted Resale Price, calculated by the City pursuant to Paragraph 5 of this Agreement. 964846.2 -10- Form Revised May 21,2007 62-1/~ b. Junior Loans. Mortgage loans or equity lines of credit junior in lien priority to the Performance Deed of Trust are not permitted, except as when expressly approved by the City in writing. The City shall only approve junior mortgage loans or equity lines of credit as follows: i. the loan or equity line of credit does not does not cause the Property's loan to value ratio (calculated by comparing the total debt secured by the Property to the Adjusted Resale Price of the Property) to exceed the loan to value ratio for the Property at the time of initial purchase by the Owner (calculated by comparing the total debt secured by the Property to the purchase paid by the Owner); ii. the proceeds of such loan or equity line of credit are used only for Eligible Capital Improvements; and iii. the total outstanding balance of principal and any accrued interest on all loans secured by the Property does not exceed the Adjusted Resale Price, calculated by the City pursuant to Paragraph 5 of this Agreement. c. Eligible Capital Improvements. In the event (i) the Owner refinances the Initial Financing in accordance with Paragraph 11.a, or (ii) the Owner borrows a junior loan or takes an equity line of credit in accordance with Paragraph 11.b, and the funds from such refinance, loan, or line of credit shall be used for Eligible Capital Improvements, Owner shall provide evidence to City, in a form acceptable to City in its sole and absolute discretion, that any amount of funds received by Owner for such Eligible Capital Improvements shall be and are used for the construction of such Eligible Capital Improvements. d. Affordable Housing Cost; Subordination. The City and the Owner agree that the requirements of this Paragraph 11 are necessary to ensure the continued affordability of the Property to Owner and to minimize the risk of loss of the Property by Owner through default and foreclosure of mortgage loans. Owner further acknowledges that violation of the provisions of this Paragraph 11 shall constitute a Default under this Agreement. In no case shall this Agreement and the Performance Deed of Trust be in lower than third lien position on the Property. Any subordination agreement to be executed by City shall include notice and cure rights for City regarding any defaults in the mortgage to which the City is subordinating. 12. Obligation of Owner After Option Abandonment. If the City records a notice of abandonment of the Option, then the Property may be sold by Owner to a third party without restriction as to price; however, upon such sale, Owner shall pay to City an amount ("City's Share") equal to twenty-five percent (25%) of the difference between (a) the actual sales price net of reasonable and customary real estate commissions paid (such commissions not to exceed six percent (6%) of the actual sales price), and (b) the Adjusted Resale Price. The City's Share shall be paid to the City concurrently with close of escrow on the sale of the Property, or upon receipt by Owner of the sale price for the Property, whichever shall first occur. 13. Limits on Liability. In no event shall the City become liable or obligated in any manner to Owner by reason of the assignment of this Agreement or the Option, nor shall 964846.2 -11- Form Revised May 21, 2007 03 ':f tl-t City be in any way liable or obligated to Owner for any failure of the City's assignee to consummate a purchase of the Property or to comply with the terms of this Agreement or the Option, or any escrow instructions or agreement for the purchase of the Property. 14. Insurance Proceeds and Condemnation Award. In the event the Property is destroyed and insurance proceeds are distributed to Owner instead of being used to rebuild the Property, or, in the event of condemnation, if the proceeds thereof are distributed to Owner, any surplus of proceeds remaining after payment of the senior liens and encumbrances on the Property shall be distributed as follows:. that portion of the surplus up to, but not to exceed, the net amount Owner would have received pursuant to Paragraph 3.d.ix had the City exercised its Option on the date of the destruction of condemnation valuation date shall be distributed to Owner, and the balance of such surplus, if any, shall be distributed to the City. 15. Effective Date. The rights and obligations of the City and Owner set forth in this Agreement shall be effective as of the Effective Date. 16. Term of Agreement and Option. The restrictions contained herein and the City's option to purchase the Property shall continue in perpetuity commencing on the Effective Date. 17. Notices. Except as otherwise specified in this Agreement, all notices to be sent pursuant to this Agreement shall be made in writing, and sent to the Parties at their respective addresses specified below or to such other address as a Party may designate by written notice delivered to the other Party in accordance with this Section. All such notices shall be sent by: a. personal delivery, in which case notice shall be deemed delivered upon receipt; b. certified or registered mail, return receipt requested, in which case notice shall be deemed delivered two (2) business days after deposit, postage prepaid in the United States mail; c. nationally recognized overnight courier, in which case notice shall be deemed delivered one (1) day after deposit with such courier; or d. facsimile transmission, in which case notice shall be deemed delivered on transmittal, provided that a transmission report is generated reflecting the accurate transmission thereof. City: City of Dublin, 100 Civic Plaza Dublin, California 94568 Attn: City Manager Owner: At the address of the Property 964846.2 -12- Form Revised May 21 , 2007 b'~'12~ 18. Remedies Upon Breach. a. Specific Performance. Owner ac nowledges that any breach in the performance of its obligations under this Agreement hall cause irreparable harm to the City. Owner agrees that the City is entitled to equita Ie relief in the form of specific performance upon its exercise of the Option, and tha an award of damages shall not be adequate to compensate the City for Owner's failure 0 perform according to the terms of this Agreement. b. Other Remedies. City shall have II of the remedies provided for at law or equity. 19. General Provisions. a. Attorneys' Fees. If either party ini iates legal proceedings to interpret or enforce its rights under this Agreement, the prevailin party in such action shall be entitled to an award of reasonable attorneys' fees and costs i additions to any other recovery to which it is entitled under this Agreement. b. No Joint Venture; No Third-Party eneficiary. No joint venture or other partnership exists or is created between the Parties virtue of this Agreement. Except as expressly stated herein, this Agreement does not be efit any third party. c. Successors; Assignment. This A reement shall inure to the benefit of and shall be binding upon the Parties to this Agreem nt and their respective heirs, executors, administrators, successors and assigns. ity shall have the right to assign all of its rights and obligations under this Agreement witho t the consent of Owner. d. Entire Agreement; Amendment. his Agreement constitutes the entire agreement of the Parties with respect to the subject atter hereof, and supersedes any and all other prior negotiations, correspondence, underst ndings and agreements with respect thereto. There are no representations, promises, agr ements or other understandings between the Parties relating to the subject matter of t is Agreement that are not expressed herein. This Agreement may be modified only by an instrument in writing executed by the Parties or their respective successors in interest. e. Survival; No Merger. All of the ter s, provisions, representations, warranties and covenants of the Parties under this A reement shall survive the close of escrow of any sale of the Property and shall not be m rged in any deed transferring the Property. f. Authority And Execution. Each P rty represents and warrants that it has full power and authority to enter into this Agreement and to undertake all of its obligations hereunder, that each person executing this Agreement on its behalf is duly and validly authorized to do so. g. Severability. The invalidity or unenforceability of any term or provision of this Agreement shall not impair or affect the remainder of this Agreement, and the 964846.2 -13- Form Revised May 21, 2007 ~5 ~ /2' ' remaining terms and provisions hereof shall not be invalidated but shall remain in full force and effect. h. Waiver; Modification. No waiver or modification of this Agreement or any covenant, condition, or limitation herein contained shall be valid unless in writing and duly executed by the Party to be charged therewith. No evidence or any waiver or modification shall be offered or received in evidence in any proceeding, arbitration, or litigation between the Parties arising out of or affecting this Agreement or the rights or obligations of any Party hereunder, unless such waiver or modification is in writing and duly executed as aforesaid. The provisions of this section may not be waived except as herein set forth. A waiver or breach of any covenant, condition or provision of this Agreement shall not be deemed a waiver of any other covenant, condition or provision hereof. i. Construction. The section headings and captions used in this Agreement are for convenience of reference only and shall not modify, define, limit or amplify any of the terms or provisions hereof. This Agreement shall not be construed as if it had been prepared by one of the Parties, but rather as if both Parties have prepared it. j. Governing Law. This Agreement shall in all respects be governed by and construed in accordance with the laws of the State of California. k. Time of the Essence. Time is of the essence in this Agreement as to each provision in which time is an element of performance. I. Further Assurances. Each Party will, upon reasonable request of the other Party, execute, acknowledge, and deliver, or cause to be executed, acknowledged, and delivered, such further instruments and documents as may be reasonably necessary in order to fulfill the intents and purposes of this Agreement. m. Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original, and all which together shall constitute one and the same instrument. [EXECUTION PAGE FOLLOWS] 964846.2 -14- Form Revised May 21, 2007 bG1 J~~ IN WITNESS WHEREOF, the undersigned have caused this Agreement to be executed as of the date first written above. OWNER(S): CITY: CITY OF DUBLIN Richard Ambrose, City Manager ATTEST: City Clerk 964846.2 -15- Form Revised May 21, 2007 f7 ~ IUP STATE OF CALIFORNIA COUNTY OF ) ) ) On before me, in and for said county and state, personally appeared , a Notary Public personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. WITNESS my hand and official seal. Signature (Seal) STATE OF CALIFORNIA COUNTY OF ) ) ) On before me, in and for said county and state, personally appeared , a Notary Public personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. WITNESS my hand and official seal. Signature (Seal) 964846.1 Form Revised May 7,2007 G~ j 126 ! STATE OF CALIFORNIA COUNTY OF ) ) ) On before me, in and for said county and state, personally appeared , a Notary Public personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. WITNESS my hand and official seal. Signature (Seal) 964846.1 Form Revised May 7, 2007 69 ;j I ~ CERTIFICATE OF ACCEPTANCE (Pursuant to Government Code 927281) This is to certify that the interest in real property conveyed by the Resale Restriction Agreement and Option to Purchase dated from to the City of Dublin, a California municipal corporation, is hereby accepted by the undersigned office or agent on behalf of the City of Dublin pursuant to authority conferred by the Resolution No. dated ; and the grantee consents to recordation thereof by its duly authorized officer. Dated: By: Its: Attest: City Clerk 964846.1 Form Revised May 7, 2007 70 ~ 12V EXHIBIT A LEGAL DESCRIPTION 964846.1 Form Revised May 7,2007 7f 1/2~- EXHIBIT B FORM: NOTICE OF INTENT TO TRANSFER VIA CERTIFIED MAIL - RETURN RECEIPT REQUESTED To: City of Dublin 100 Civic Center Dublin, California 94568 Attn: City Manager Date: Re: Notice of Intent to Transfer Pursuant to the terms of the Resale Restriction Agreement and Option to Purchase, dated , the undersigned Owner(s), hereby give(s) notice of his/her/their intent to transfer the property located at , Dublin, California (the "Property"). Owner may be contacted at the Property or at the following address: Owner's daytime telephone number is L> [If applicable: The proposed transfer of the Property is to the following person(s): Name: Address: Telephone: <-) The proposed transfer is (check one): o Sale o Other Specify: Owner(s) signature(s): 964846.1 Form Revised May 7, 2007 Il~ I~ EXHIBIT C FORM: NOTICE OF EXERCISE Date: To: Owner or Transferee Address Re: Notice of Exercise The City of Dublin ("City") hereby gives notice that it is exercising its option to purchase the real property located at , Dublin, California. The option has been granted to the City pursuant to the Resale Restriction Agreement and Option to Purchase between Owner and the City dated and recorded on as Instrument No. City has assigned its option to purchase the real property to escrow for the purchase will be opened with the First American Title Company. . [The .] An City of Dublin By: Its: 964846.1 Form Revised May 7, 2007 ~3 ~..11.~ ~ EXHIBIT D INCLUSIONARY ZONING BASE RESALE PRICE WORKSHEET Date: Owner: Address: Purchase Price: Date of Purchase: Years Owned: years CALCULATION BASED ON INCREASE IN MEDIAN INCOME*** Present Median Income: $ Family of four, County of Alameda (at time of sale of unit) Effective Date: Effective Date: Original Median Income: $ Family of four, County of Alameda (at time of purchase of unit) Amount of Increase: Family of four, County of Alameda (Present median income minus original median income) Increase in Price: x x = Method #1 Resale Price: + = I Based on the above, the base resale price as of this d~te, , is: By: 964846.1 Form Revised May 7, 2007 71t f 12(. EXHIBIT E REQUEST FOR NOTICE OF DEFAULT Order No. Escrow No. Loan No. WHEN RECORDED MAIL TO: CITY OF DUBLIN Dublin, California Attn: (Space Above This Line For Recorder's Use Only) REQUEST FOR NOTICE UNDER SECTION 2924b CIVIL CODE In accordance with Section 2924b, Civil Code, request is hereby made that a copy of any Notice of Default and a copy of any Notice of Sale under the Deed of Trust recorded as Instrument No. on ,_, in the Official Records of Alameda County, California, and describing land therein as: executed by , Dublin, California , as Trustor, in which is named as Beneficiary, and , as Trustee, be mailed to the City of Dublin, , Attn: By: NOTICE: A COpy OF ANY NOTICE OF DEFAULT AND OF ANY NOTICE OF SALE WILL BE SENT ONLY TO THE ADDRESS CONTAINED IN THIS RECORDED REQUEST. IF YOUR ADDRESS CHANGES, A NEW REQUEST MUST BE RECORED. STATE OF CALIFORNIA COUNTY OF On before me, said county and state, personally appeared , a Notary Public in and for personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. WITNESS my hand and official seal. Signature (Seal) 964846.1 Form Revised May 7, 2007 ,t c;f ru EXHIBIT F DISCLOSURE STATEMENT THERE ARE RESTRICTIONS ON THE SALE OF THE PROPERTY YOU ARE BUYING. EXCEPT FOR A TRANSFER TO THE CITY FOllOWING CITY'S EXERCISE OF ITS OPTION TO PURCHASE, THIS PROPERTY MAY ONLY BE SOLD TO AN "ELIGIBLE HOUSEHOLD" AT A PRICE NOT TO EXCEED THE ADJUSTED RESALE PRICE WHICH IS CAPPED AT AN "AFFORDABLE UNIT COST." THIS MEANS THAT YOU MAY NOT SELL THE PROPERTY FOR MARKET VALUE TO WHOMEVER YOU LIKE. THESE RESTRICTIONS WILL BE IN EFFECT UNTIL ANY SALE OF THE PROPERTY IN VIOLATION OF THE RESTRICTIONS, SHALL BE VOIDABLE AT THE ELECTION OF THE CITY. TO DETERMINE WHO AN ELIGIBLE HOUSEHOLD IS, AND WHAT THE ADJUSTED RESALE PRICE AND AFFORDABLE HOUSING COST ARE, YOU SHOULD CONTACT THE OF THE CITY OF DUBLIN. YOU SHOULD READ THE RESALE RESTRICTION AGREEMENT AND OPTION TO PURCHASE RECORDED AGAINST THE PROPERTY. YOU MAY OBTAIN A COPY FROM THE CITY OF DUBLIN OR FROM THE ESCROW COMPANY. YOU SHOULD ALSO BE AWARE THAT A PERFORMANCE DEED OF TRUST WILL BE RECORDED AGAINST THE PROPERTY TO ENSURE COMPLIANCE WITH THE RESALE RESTRICTION AGREEMENT AND OPTION TO PURCHASE. YOU MAY OBTAIN A COPY FROM THE CITY OF DUBLIN OR FROM THE ESCROW COMPANY. I HAVE READ THE FOREGOING AND I UNDERSTAND WHAT IT MEANS. BUYER BUYER 790277.2 Form Revised May 7,2007 7~ 112.G- EXHIBIT G FORM: PERFORMANCE DEED OF TRUST 790277.2 Form Revised May 7, 2007 77 ~ /2-,' RECORDING REQUESTED BY: CITY OF DUBLIN When Recorded Mail To: City Clerk City of Dublin 100 Civic Plaza Dublin, CA 94568 Fee Waived per GC 27383 Space above this line for Recorder's use SECONDARY UNIT REGUL TORY AGREEMENT AND DECLARATION OF RES RICTIVE COVENANTS Owner: Property Address: Dublin, C lifornia Name of Development: Posi ano This Secondary Unit Regulatory Agre ment and Declaration of Restrictive Covenants (this "Agreement") is entered int effective as of ("Effective Date") by and between the City 0 Dublin, a public body, corporate and politic ("City") and (the "Owner"). City and Owner are hereinaft r collectively referred to as the "Parties." A. Owner is the owner of certain r al property that contains a secondary dwelling unit, which is located in the City of ublin, County of Alameda, State of California and more particularly described in xhibit A attached hereto and incorporated herein by reference (the "Prop rty"). The Property is located within a residential development project area (the "Pr ject") that was subject to the City's Inclusionary Zoning Regulations (Chapter 8. 8 of the Dublin Municipal Code), which requires that developments consisting of 20 r more residential units must include a specified percentage of units that are subjec to affordability restrictions set forth in a binding agreement recorded against the pro erty. Secondary Unit Regulatory Agreement Second Unit Regulatory Agreement 5.07.07.DOC DRAFT: May 7,2007 Page 1 of 10 Exhibit 8 ~B 1!U B. The developer of the Project chose to satisfy its obligations through among other things the construction of 13 secondary units on some of the residential lots in the Project, including on the Property, and requiring the purchasers to enter into regulatory agreements restricting the rents charges for the secondary units to affordable rents, in accordance with the Inclusionary Zoning Regulations. C. The Parties have agreed to enter into and record this Agreement in order to satisfy the requirements described in the foregoing Recitals. The purpose of this Agreement is to regulate and restrict the occupancy and rents of the Property's Restricted Unit (defined below) for the benefit of the occupants. The covenants in this Agreement are intended to run with the land and be binding on Owner and its successors and assigns for the full term of this Agreement. NOW, THEREFORE, in consideration of the foregoing and other good and valuable consideration, the Parties hereby agree as follows: 1. Definitions. The following terms have the meanings set forth in this Section wherever used in this Agreement or the attached exhibits. "Applicable Income level" means the annual gross income level specified below: D Very-low income: 50% or less of Area Median Income. D Low-income: 50% to 80% of Area Median Income. o Moderate-income: 80% to 120% of Area Median Income. "Area Median Income" or "AMI" means the area median income for Alameda County, California, adjusted for household size, published periodically by the California Department of Housing and Community Development ("HCD") in Section 6932 of Title 25 of the California Code of Regulations ("Regulations") or successor provision published. "Eligible Household" means a household whose gross income does not exceed the Applicable Income Level and that is otherwise eligible to rent a Restricted Unit. "Qualifying Rent" means a monthly rent which does not exceed one-twelfth of thirty percent (30%) of the Applicable Income Level adjusted for household size, less a utility allowance as specified by the Housing Authority of Alameda County. "Restricted Unit" means the secondary dwelling unit on the Property that is depicted in Exhibit B and that is reserved for occupancy at a Qualifying Rent in accordance with and as set forth in Section 2. 2. Use and Affordabilitv Restrictions. Owner represents and warrants that it has not entered into any agreement that would restrict or compromise its ability to comply with Secondary Unit Regulatory Agreement Second Unit Regulatory Agreement 5.07.07.DOC DRAFT: May 7,2007 Page 2 of 10 7q '1 /~ the occupancy and affordability restrictions set forth in this Agreement, and Owner covenants that it shall not enter into any agreement that is inconsistent with such restrictions without the express written consent of City. 2.1 Affordabilitv Requirements. The Restricted Unit, if it is rented, shall be rented at not more than Qualifying Rent and occupied by Eligible Households. Owner shall ensure that language is contained in all leases and contracts with tenants executed by Owner that prohibits subleasing of the Restricted Unit. 2.2 Rents for Restricted Units. Rent charged to, and paid by, a tenant for Restricted Units shall be not more than Qualifying Rent. Notwithstanding the foregoing, no tenant qualifying for a Restricted Unit shall be denied continued occupancy of the Restricted Unit because, after admission, such tenant's adjusted income increases to exceed the qualifying limit for such Restricted Unit. 2.3 Non-Discrimination; Compliance with Fair Housinq Laws. Owner shall not discriminate against persons or groups of persons on account of race, color, religion, creed, sex, sexual orientation, marital status, familial status, ancestry or national origin in the lease, sublease, transfer, use, occupancy, tenure or enjoyment of the Property, nor shall Owner or any person claiming under or through Owner establish or permit any such practice or practices of discrimination or segregation with reference to the selection, location, number, use or occupancy of tenants, lessees, subtenants, sublessees or vendees in the Property. Owner shall each ensure that language prohibiting such discrimination shall be included in all deeds, leases and contracts executed by Owner or its successors and assigns with respect to the Property. Owner shall comply with state and federal fair housing laws in the marketing and rental of the units in the Property. 3. Reportinq Requirements. 3.1 Tenant Verification. Owner or its authorized agent shall obtain from each household prior to initial occupancy of each Restricted Unit, and on every anniversary thereafter, written documentation verifying each tenant's eligibility containing all of the following, including additional documentation as City may reasonably require (collectively hereinafter "Written Verification"): (a) Number of people in the household; and (b) Total household income. Owner or its authorized agent shall retain Written Verification for not less than three (3) years, and upon City's request, shall make the Written Verification available for inspection by City and shall provide copies of the Written Verification to City. Owner or its authorized agent may require each Eligible Household to certify the Written Verification. 3.2 Annual Report; Inspections. Owner shall submit an annual report ("Annual Report") to the City in conformity with the requirements of Section 8.68.050.8 Secondary Unit Regulatory Agreement Second Unit Regulatory Agreement 5.07.07.DOC DRAFT: May 7,2007 Page 3 of 10 'So 1 )2'" of the Inclusionary Zoning Regulations, together with a certification that the Property is in compliance with the requirements of this Agreement. The Annual Report shall, at a minimum, include the following information: (i) identification of the Restricted Unit by address; (ii) the monthly rents charged and proposed to be charged; (v) the number of people residing in the unit; and (vi) the total household income of residents. Upon City's request, Owner shall include with the Annual Report, a copy of the Written Verification Owner obtained pursuant to Section 3.1 above, and such additional information as City may reasonably request from time to time in order to show compliance with this Agreement. Owner shall permit representatives of City to enter and inspect the Property during reasonable business hours in order to monitor compliance with this Agreement upon 24 hours advance notice of such visit to Owner. 4. Term of AQreement. 4.1 Term of Restrictions. This Agreement shall remain in effect in perpetuity. 4.2 Effectiveness Succeeds Conveyance of Property. This Agreement shall remain effective and fully binding for the full term hereof regardless of any sale, assignment, transfer, or conveyance of the Property, unless this Agreement is terminated earlier by City in a recorded writing. 4.3 Reconveyance. Upon the termination of this Agreement, the Parties agree to execute and record appropriate instruments to release and discharge the terms of this Agreement; provided, however, the execution and recordation of such instruments shall not be necessary or a prerequisite to the termination of this Agreement in accordance with its terms. 5. BindinQ Upon Successors: Covenants to Run with the Land. Owner hereby subjects its interest in the Property to the covenants and restrictions set forth in this Agreement. The City and Owner hereby declare their express intent that the covenants and restrictions set forth herein shall be deemed covenants running with the land and shall be binding upon and inure to the benefit of the heirs, administrators, executors, successors in interest, transferees, and assigns of Owner and City, regardless of any sale, assignment, conveyance or transfer of the Property or any part thereof or interest therein. Each reference in this Agreement to a specifically named party shall be deemed to mean a reference to the successor of each such Party. Any successor-in- interest to Owner, including without limitation any purchaser, transferee or lessee of the Property (other than the tenants of the individual dwelling units within the Property) shall be subject to all of the duties and obligations imposed hereby for the full term of this Agreement. Each and every contract, deed, ground lease or other instrument affecting or conveying the Property or any part thereof, shall conclusively be held to have been executed, delivered and accepted subject to the covenants, restrictions, duties and obligations set forth herein, regardless of whether such covenants, restrictions, duties and obligations are set forth in such contract, deed, ground lease or other instrument. If any such contract, deed, ground lease or other instrument has been executed prior to the date hereof, Owner hereby covenants to obtain and deliver to City an instrument in recordable form signed by the parties to such contract, deed, ground lease or other Secondary Unit Regulatory Agreement Second Unit Regulatory Agreement 5.07.07.DOC DRAFT: May 7, 2007 Page 4 of 10 g I 1/~" instrument pursuant to which such parties acknowledge and accept this Agreement and agree to be bound hereby. Owner agrees for itself and for its successors that in the event that a court of competent jurisdiction determines that the covenants herein do not run with the land, such covenants shall be enforced as equitable servitudes against the Property in favor of City. 6. Property Manaqement; Repair and Maintenance; Marketinq. 6.1 Manaqement Responsibilities. Owner shall be responsible for all management functions with respect to the Property, including without limitation the selection of tenants, certification and recertification of household income and eligibility, evictions, collection of rents and deposits, maintenance, landscaping, routine and extraordinary repairs, replacement of capital items, and security. Except as City may otherwise agree in writing, City shall have no responsibility for management or maintenance of the Property. The contracting of management services to a management entity shall not relieve Owner of its primary responsibility for proper performance of management duties. 6.2 Intentionally Omitted. 6.3 Repair. Maintenance and Security. Throughout the term of this Agreement, Owner shall at its own expense, maintain the Property in good physical condition, in good repair, and in decent, safe, sanitary, habitable and tenantable living conditions in conformity with all applicable state, federal, and local laws, ordinances, codes, and regulations. Without limiting the foregoing, Owner agrees to maintain the Property (including without limitation, the residential units, common areas, landscaping, driveways and walkways) in a condition free of all waste, nuisance, debris, unmaintained landscaping, graffiti, disrepair, abandoned vehicles/appliances, and illegal activity, and shall take all reasonable steps to prevent the same from occurring on the Property. Owner shall prevent and/or rectify any physical deterioration of the Property and shall make all repairs, renewals and replacements necessary to keep the Property and the improvements located thereon in good condition and repair. 6.4 Intentionally omitted. 6.5 Intentionally omitted. 6.6 Intentionally omitted. 6.7 Intentionally omitted. 6.8 Property Damaqe or Destruction. If any part of the Property is damaged or destroyed, Owner shall repair or restore the same as soon as practicable, consistent with the occupancy and rent restriction requirements set forth in this Agreement. Secondary Unit Regulatory Agreement Second Unit Regulatory Agreement 5.07.07.DOC DRAFT: May 7,2007 Page 5 of 10 g).- ~ /2? 7. Recordation; No Subordination. This Agreement shall be recorded in the Official Records of Alameda County. Owner hereby represents, warrants and covenants that with the exception of easements and restrictions of record, absent the written consent of City, this Agreement shall not be subordinated in priority to any lien (other than those pertaining to taxes or assessments), encumbrance, or other interest in the Property. If at the time this Agreement is recorded, any interest, lien, or encumbrance has been recorded against the Property in position superior to this Agreement, upon the request of City, Owner hereby covenants and agrees to promptly undertake all action necessary to clear such matter from title or to subordinate such interest to this Agreement consistent with the intent of and in accordance with this Section, and to provide such evidence thereof as City may reasonably request. 8. Transfer and Encumbrance. 8.1 Restrictions on Transfer. During the term of this Agreement, except as permitted pursuant to this Agreement, Owner shall not make or permit the occurrence of any conveyance, sale or lease (except as to individual dwelling units) of the Property without the prior written consent of the City; provided however City shall not withhold its consent to the sale, transfer or other disposition of the Property, in whole or in part, provided that (i) the transferee expressly assumes all obligations of Owner imposed by this Agreement; (ii) the transferee executes all documents reasonably requested by the City with respect to the assumption of the Owner's obligations under this Agreement; and (iii) the Owner has paid the City a Affordable Home Ownership Fee to cover the City's costs associated with the transaction. The amount of the Affordable Home Ownership Fee is currently $1,500 per transaction, and the applicable amount shall be as established from time to time by the City Council 8.2 Encumbrances. Owner agrees to use best efforts to ensure that any deed of trust secured by the Property shall contain each of the following provisions: (i) the holder of such deed of trust shall use its best efforts to provide to City a copy of any notice of default issued to Owner concurrently with provision of such notice to Owner (provided however, the failure to do so shall not impair such holder's rights and remedies); and (ii) City shall have the reasonable right, but not the obligation, to cure any default by Owner within the same period of time provided to Owner for such cure, extended by an additional thirty (30) days. 8.3 MortQaQee Protection. No violation of any provision contained herein shall defeat or render invalid the lien of any mortgage or deed of trust made in good faith and for value upon all or any portion of the Property, and the purchaser at any trustee's sale or foreclosure sale shall not be liable for any violation of any provision hereof occurring prior to the acquisition of title by such purchaser. Such purchaser shall be bound by and subject to this Agreement from and after such trustee's sale or foreclosure sale. Promptly upon determining that a violation of this Agreement has occurred, City shall give written notice to the holders of record of any mortgages or deeds of trust encumbering the Property that such violation has occurred. Secondary Unit Regulatory Agreement Second Unit Regulatory Agreement 5.07.07.DOC DRAFT: May 7, 2007 Page 6 of 10 8~ 11210 9. Default and Remedies. 9.1 Events of Default. Owner's failure to cure any default in performance of Owner's obligations under this Agreement within thirty (30) days following City's delivery of a notice of default shall constitute an Event of Default hereunder and shall entitle the City to proceed with any of the remedies described below. Notwithstanding the foregoing, if the default is such that it is not reasonably capable of being cured within thirty (30) days, an Event of Default shall not arise hereunder if Owner commences to cure the default within 30 days and thereafter prosecutes the curing of such default to completion with due diligence and in good faith, but in no event later than ninety (90) days after receipt of City's notice of default or such longer period as City may agree to in writing. (a) Bring an action for equitable relief seeking the specific performance of the terms and conditions of this Agreement, and/or enjoining, abating, or preventing any violation of such terms and conditions, and/or seeking declaratory relief; (b) For violations of obligations with respect to rents for Restricted Units, impose as liquidated damages a charge in an amount equal to the actual amount collected in excess of the Qualifying Rent; (c) Pursue any other remedy allowed at law or in equity. 9.2 Remedies Cumulative. Each of the remedies provided herein is cumulative and not exclusive. The City may exercise from time to time any rights and remedies available to it under applicable law or in equity, in addition to, and not in lieu of, any rights and remedies expressly provided in this Agreement. 10. Indemnification. Owner shall defend (with counsel approved by City), indemnify and hold the City and its officials, officers, directors, employees, and agents (collectively, the "Indemnified Parties") harmless from and against any and all losses, damages, liabilities, claims, demands, judgments, actions, court costs, and legal or other expenses (including reasonable attorneys' fees) arising from or in connection with or in any way related to: (i) Owner's performance or failure to perform any obligation required by this Agreement; or (ii) any act or omission by Owner, or any of Owner's contractors, subcontractors, agents, employees, licensees or suppliers related to the Property, except to the extent arising from the gross negligence or willful misconduct of such Indemnified Party. The provisions of this Section shall survive the expiration or earlier termination of this Agreement. 11. Miscellaneous. 11.1 Amendments. This Agreement may be amended or modified only by a written instrument signed by both Parties. 11.2 No Waiver. Any waiver by City of any term or provision of this Agreement must be in writing. No waiver shall be implied from any delay or failure by City to take action on any breach or default hereunder or to pursue any remedy allowed under this Secondary Unit Regulatory Agreement Second Unit Regulatory Agreement 5.07.07.DOC DRAFT: May 7,2007 Page 7 of 10 84 r:I g, . Agreement or applicable law. No failure or delay by City at any time to require strict performance by Owner of any provision of this Agreement or to exercise any election contained herein or any right, power or remedy hereunder shall be construed as a waiver of any other provision or any succeeding breach of the same or any other provision hereof or a relinquishment for the future of such election. 11.3 Notices. Except as otherwise specified herein, all notices to be sent pursuant to this Agreement shall be made in writing, and sent to the Parties at their respective addresses specified below or to such other address as a Party may designate by written notice delivered to the other parties in accordance with this Section. All such notices shall be sent by: (a) personal delivery, in which case notice is effective upon delivery; (b) certified or registered mail, return receipt requested, in which case notice shall be deemed delivered upon receipt if delivery is confirmed by a return receipt; (c) nationally recognized overnight courier, with charges prepaid or charged to the sender's account, in which case notice is effective on delivery if delivery is confirmed by the delivery service; (d) facsimile transmission, in which case notice shall be deemed delivered upon transmittal, provided that (a) a duplicate copy of the notice is promptly delivered by first-class or certified mail or by overnight delivery, or (b) a transmission report is generated reflecting the accurate transmission thereof. Any notice given by facsimile shall be considered to have been received on the next business day if it is received after 5:00 p.m. recipient's time or on a nonbusiness day. City: City of Dublin 100 Civic Plaza Dublin, CA 94568 Attention: City Manager Facsimile: (925) 833-6651 Owner: At the address of the property 11.4 Further Assurances. The Parties shall execute, acknowledge and deliver to the other such other documents and instruments, and take such other actions, as either shall reasonably request as may be necessary to carry out the intent of this Agreement. Secondary Unit Regulatory Agreement Second Unit Regulatory Agreement 5.07.07.DOC DRAFT: May 7, 2007 Page 8 of 10 [;6 ~ ):;.,' 11.5 Parties Not Co-Venturers. Nothing in this Agreement is intended to or shall establish the Parties as partners, co-venturers, or principal and agent with one another. 11.6 Action by the City. Except as may be otherwise specifically provided herein, whenever any approval, notice, direction, consent or request by the City is required or permitted under this Agreement, such action shall be in writing, and such action may be given, made or taken by the City Manager or by any person who shall have been designated by the City Manager, without further approval by the City Council. 11.7 Non-Liability of City and City Officials. Employees and Aqents. No member, official, employee or agent of the City shall be personally liable to Owner or any successor in interest, in the event of any default or breach by the City, or for any amount of money which may become due to Owner or its successor or for any obligation of City under this Agreement. 11.8 Headinqs; Construction. The headings of the sections and paragraphs of this Agreement are for convenience only and shall not be used to interpret this Agreement. The language of this Agreement shall be construed as a whole according to its fair meaning and not strictly for or against any Party. 11.9 Time is of the Essence. Time is of the essence in the performance of this Agreement. 11.10 Governinq Law. This Agreement shall be construed in accordance with the laws of the State of California without regard to principles of conflicts of law. 11.11 Attorneys' Fees and Costs. If any legal or administrative action is brought to interpret or enforce the terms of this Agreement, the prevailing party shall be entitled to recover all reasonable attorneys' fees and costs incurred in such action. 11.12 Severability. If any provision of this Agreement is held invalid, illegal, or unenforceable by a court of competent jurisdiction, the validity, legality, and enforceability of the remaining provisions shall not be affected or impaired thereby. 11.13 Entire Aqreement; Exhibits. This Agreement contains the entire agreement of Parties with respect to the subject matter hereof, and supersedes all prior oral or written agreements between the Parties with respect thereto. The exhibits attached hereto are incorporated herein by this reference. 11.14 Counterparts. This Agreement may be executed in multiple counterparts, each of which shall be an original and all of which together shall constitute one agreement. SIGNA TURES ON FOLLOWING PAGE. Secondary Unit Regulatory Agreement Second Unit Regulatory Agreement 5.07.07.DOC DRAFT: May 7,2007 Page 9 of 10 g,(, 112~ IN WITNESS WHEREOF, the Parties have executed this Agreement effective as of the date first written above. OWNER CITY OF DUBLIN By: Richard C. Ambrose City Manager Attest: Kay Keck Interim City Clerk Approved as to form: Elizabeth H. Silver City Attorney SIGNA TURES MUST BE NOTARIZED. Secondary Unit Regulatory Agreement Second Unit Regulatory Agreement 5.07.07.DOC DRAFT: May 7,2007 Page 10 of 10 &7 1 J U Exhibit A PROPERTY DESCRIPTION (Attach legal description.) ~? (~..... - ~ - ~ o u.. - .....:l ~ U ... Z - .....:l o::l :J o Ql \ ,>> \'u C:~ ;: ~ -...~ .~~ CJj ~~ ~:~ Z'l '2 =' N ........ en ~ .- s:: N ~ = :; .'::: ~ \0 "OcV") ~~r;. .eM -ellM M.]o' .....MOM '2 N u . ~oo"~~ ,-:I~ -OOM- ~~a~ _ 0_ 0 o..~o..~ Z'l '2 = 00 C]) 8 o u s:: - a C]) z ~ eLl ~ 0"'0 eLl 0 -l ~ 8 C]) ..... 8 ..... 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CA 94568 Owner Name: Location of Property: Daytime Phone Number: Your second unit is designated to be rented to a Very Low Low Moderate income household. The maximum rent that can be charged for the second units is $ *************************************************************************************** 1. Is the second unit being rented at this time? YES NO 2. What is the current rent being charged? (Attach copy of most recent rent check) $ 3. Current household size of second unit? (circle one): 1 2 3 4 people. 4. Total annual household income of second unit? $ I understand that there are restrictions on my property and in choose to sell or refinance this coming year, I must first contact the City of Dublin Housing Staff at (925) 833-6610. If I choose to sell the property. a City Administration fee of $1.500 will be assessed to the seller at the time of sale of the unit. In addition. if the City is asked to subordinate. a $200 fee will be assessed for document preparation. In affixing my/our signature/s below, I/We affirm that all information provided in this form is true and correct. I/We understand that if any information is falsely reported, the City of Dublin may take legal action against me/us. Signature of owner PRINT NAME date Signature of owner PRINT NAME date HAVE YOU FILLED OUT THE TOP PART OF THIS FORM?? Exhibit C qo o;j /2G> STATE OF CALIFORNIA ) ) COUNTY OF ALAMEDA ) On ,20_ before me, Notary Public, the undersigned, personally appeared ( ( ) ) personally known to me proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) (is/are) subscribed to the within instrument and acknowledged to me that (he/she/they) executed the same in (his/her/their) authorized capacity(ies), and that by (his/her/their) signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. WITNESS my hand and official seal. Signature CV/':( }~(~ RECORDING REQUESTED BY: CITY OF DUBLIN When Recorded Mail To: City Clerk City of Dublin 100 Civic Plaza Dublin, CA 94568. Fee Waived per GC 27383 Space above this line for Recorder's use MEMORANDUM OF AFFORDABLE HOUSING AGREEMENT FOR THE CONSTRUCTION OF INCLUSIONARY UNITS AND PAYMENT OF FEES IN LIEU OF CONSTRUCTING INCLUSIONARY HOUSING UNITS Dublin RE Investors, a California limited liability company. First Phase (247 Residential Lots) of the Fallon Village Project This Memorandum of Affordable Housing Agreement for the Construction of Inclusionary Units and the Payment of Fees In-Lieu of Constructing Inclusionary Units (this "Memorandum") is entered into on this _ day of _, 2007, by and between the City of Dublin, a Municipal Corporation (hereafter "City") and Dublin RE Investors, L.L.C., a California limited liability company, ("the Developer") 1. Pursuant to the Affordable Housing Agreement for the Construction of Inclusionary Units and Payment of Fees In Lieu of Constructing Inclusionary Housing Units, dated as of _ _, 2007 by and between City and Developer (the "Agreement"), the Parties have set forth their respective obligations with respect to the provision of affordable units on lands presently owned by Developer known generally as the Fallon Village Project and more specifically described in Exhibit A (the "Property"). These obligations run with the land. 2.. The Agreement sets out the specific obligations for the construction of Inclusionary Units and payment of fees in lieu thereof in conjunction with the initial 247- residential parcel phase of the development of the Property ("the First Phase"). It also obligates the Developer to make a Community Benefit Payment, as described in the Agreement, prior to issuance of building permits for each residential unit. Development on, and the City's approval of subsequent final maps that include, any portion of the Property beyond the First Phase shall require either an amendment to this Agreement or a subsequent affordable housing agreement ("the Subsequent Agreement") setting forth the manner in which the Regulations will be complied with for the remainder of the Project. The Agreement also contains the Developer's covenant, on behalf of itself, and its successors and assigns, that it will not assert the provisions of Government Code section 66458 to require the City to approve additional phased final maps Exhibit 9 ~~~ Iz:~ ' (beyond those for the creation of the 247 residential parcels in the First Phase) until such time as it has entered into the Subsequent Agreement. 3. Developer and City have executed and recorded this instrument to give notice of the Agreement, and the respective rights and obligations of Developer and City. The unrecorded Affordable Housing Agreement for the Construction of Inc1usionary Units and Payment of Fees in Lieu of Constructing Inclusionary Housing Units is incorporated by reference in its entirety in this Memorandum. 4. This Memorandum shall b;nd and inure to the benefit of the parties and their respective heirs, successors and assigns, subject however to restrictions set forth in the Agreement regarding assignment. IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the date and year first above written. CITY OF DUBLIN Dated: By: Richard C. Ambrose, City Manager Attest: , City Clerk Dated: DUBLIN RE INVESTORS, LLC By: Braddock and Logan Services, Inc. a California corporation Its Manager: (~~,. ~ --,,', By: -. . ~ ~~ . .,,--- ~ p~s"XrJ-r- ** Applicant's Signature shall be notarized prior to returning signed agreement to the City of Dublin Community Development Department. ~ ~;; !f) 2-' CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT ~. State of California County of 6.bN'1''I!-r\ On 5/~/o-' Date ~f..TA E. E:Jr.l3 ~ is 10B.i...../c.. , personally appeared before me, JE:+:'(? Name and Title 01 Officer ( . "'-AuJ Lf.. t-lCE... - Name(s) of Signer(s) h/persOnallY known to me .-...................---...-...-...-. . NANCY E. EMBREY ~ Commission # 1578043 Notary Public .. California f Contra Costa County - My Comm. Expires Jun 8, 2009 o (or proved to me on the basis of satisfactory evidence) to be the person~) whose name($) is/afe subscribed to the within instrument and acknowledged to me that he/1M II '1R&Y executed the same in hi~ir authorized capacity~), and that by his/t.:lel'.,'tl,,:,;, signature'(ot) on the instrument the person(\(}, or the entity upon behalf of which the person("!!jf acted, executed the instrument. WITNESS my hand and official seal. Y;b~CJ- L~ OPTIONAL ~ Though the information below is not required by law, it may prove valuable to persons relying on the document and could prevent fraudulent r~~achment of this form to ~ther document. /-f UA ,I . 1+l.'i/YJo '-J-.. Description of Attached Document, ~i?'\./ c1J ~(&-z~ 0 ~ d~'''' Title or Type of Document: ~a.J 4"'" "d20..~ - ~:A.,.r'\- f~ - ~+o ~ W)u..b..-Q.',,- Document Date: Number of Pages: Place Notary Seal Above Signer(s) Other Than Named Above: Capacity(ies) Claimed by Signer(s) Signer's Name: D Individual D Corporate Officer - Title(s): D Partner - D Limited D General D Attorney in Fact D Trustee D Guardian or Conservator D Other: Top of thumb here Signer's Name: D Individual D Corporate Officer - Title(s): D Partner - D Limited D General D Attorney in Fact D Trustee D Guardian or Conservator D Other: RIGHT THUMBPRINT OF SIGNER Top of thumb here RIGHT THUMBPRINT OF SIGNER Signer Is Representing: Signer Is Representing: ~.~~~. @2006 National Notary Association' 9350 De Soto Ave., P.O. Box 2402 . Chatsworth, CA 91313-2402 Item No. 5907 Reorder: Call TolI.Free 1-800.876-6827 -- -- -- -- -- --- 1O~27_:!CI05 IM'$ _ ""'tl"pd\,,,,,,,"l\f~~ J2f> Braddock & Logan Properties at Fallon Village VICINITY MAP October 2004 19149-IOA - -' -- -- -- -- -- ~""" --- OlJl"'~ -- /'>C _- cOS"'. -~'t'i CO~~~U;:CO ---,,\..~ _. r> --- --- ---- -- ---- ,--- --,- o d 0:: E u< :r: " ::> o o DUBLIN 1-580 ~:i! ~~ :r: ~'<"' 4''9 &4ff '9 ~":' GLEASON D.R1VE DUBLIN BOULEY ARD '<'~ ~ ~ ",">l c;# o <<: ~ ;2 <( =< uo uo <<: f-< CENTRAL PARKWAY PLEASANTON SUBJECT SITE 1-580 o 0:: ~~ uo:: G3 Attachment 2 . NORTH rcr TO SC'LE IDAClCAY'SGm,s CMI. EN~l..oWO ~.VND SURVEYlNC P:eoI'CmIOl'l, CA. (9:25) - 225-06'00 q~ f4.") 26 CITY CLERK File # D~ceJ[Q]-~~ X t.f~o-"8V )( a..f50-~ AGENDA STATEMENT CITY COUNCIL MEETING DATE: October 18,2005 SUBJECT: ATTACHMENTS: RECOMMENDATION:.,/"' 1. r'V i: 4. FINANCIAL STATEMENT: Braddock and Logan Affordable Housing Proposal to Comply with Inclusionary Zoning Regulations for the Braddock and Logan development at Fallon ViJIage Report Prepared by Julia Abdala/Housing Specialist 1. 2. 3. Braddock and Logan Affordable Housing Proposal Proposed Stage 1 Development Map Dublin Municipal Code Chapter 8.68 (Inclusionary Zoning Regulations) Receive Staff Presentation Hear Public Testimony Deliberate Direct Staff to: (a) Inform Braddock & Logan that the Council will not waive the requirements of the Inclusionary Zoning Regulations required by the proposal; OR (b) By consensus, direct Staff to work with Braddock & Logan to refine the proposal including, in particular, the timing of construction of: and security for, the proposed affordable units. No fiscal impact at this time. DESCRIPTION: The eleven property owners of the Fallon Village area have submitted a request for a Stage 1 Development Plan. At the same time Braddock and Logan has submitted a request for a Stage 2 Development Plan and a Vesting Tentative Map for the Braddock and Logan property, consisting of the northernmost 486 acres of Fallon Village. (See Attachment 2) The Stage 2 submittal is for the creation of 1,043 single-family units at this site. COPY TO: --~._----------------------------~-__________M_...__________________________________________________________ Page 1 of7 G:\PA#\2005\05-038 B&L Stage 2 FallolI Village\CCSR 10-1-05 B&L Housing Proposa1.l;)OC Attachment 3 Approval ora Stage 2 Development Plan and Vesting Tentative Map will trigger the requirements ;~~J26 City ofDubJin Jnclusionary Zoning Regulations, Chapter 8.68 ofthe Zoning Ordinance (Attachment 4), Chapter 8.68's stated purpose is to enhance the public welfare and assure further housing development contributes to the attainment ofthe City's housing goals by increasing production of affordable units, and to assure that the limited remaining developable land is utilized in a manner consistent with the City's housing policies and needs. (Section 8.68.010.) The ordinance requires developers constructing residential units in the City to provide 12.5% ofthe development as affordable housing. The Inclusionary Zoning Regulations break down the affordable requirements to production of 50% of the affordable units for moderate-income households, 20% of the units for low-income households. and 30% of the units for very low-income households as defined for the County of Alameda by the State of California Housing and Community Development Department. The Tnc1usionary Regulations further treat the development oruror saleH housing and rental housing similarly, with the same affordable unit requirement and the same income level breakdown. The Inclusionary Zoning Regulations provide that the affordable units - both rentals and "for sale" Wlits -- reflect the range of the number of bedrooms as the market rate development and not be distinguished by exterior design or materia.ls. The affordable units ma.y, however, be smaller in size and may have fewer amenities. Finally, the affordable units are to be dispersed throughout the development (Section 8.68.030.E). The Zoning Regulations state that an applicant may fulfill the Inclusionary affordable housing requirement by constructing the affordable units off-site ifthe City Council makes the following five findings: 1. that construction of the units off-site in lieu of constructing units on-site is consistent with the chapter's goal of creating, preserving, maintaining, and protecting, housing for very low-, low- and moderate-income households. 2. that the units to be constructed off-site arc consistent with Section 8.68.030.E (same range and number of bedrooms as provided in the project as a whole, consistent in design, construction and material and are reasonably dispersed throughout the project). 3. that it would be infeasible or impractical to construct affordable units on-site. 4. that conditions of approval for the project requi.te that the off-site affordable units would be governed by the terms of a deed restriction and, if applicable, rental restrictions similar to that used for the on-site affordable units. 5. that conditions of approval for the project, or other security such as a cash deposit, bond, or letter of credit, are adequate to require the construction of the off-site affordable units concurrently with the completion ofthe construction ofthe residential development or within a reasonable period (not to exceed 5 years). The fuclusionary Zoning Regulations provide the City Council the option to waive the requirements of the regulations. Section 8.68.040.E states 'The City Council, at its discretion, may waive, wholly ~r partially, the requirements of this ordinance and approve alternate methods of compliance with this Chapter if the applicant demonstrates, and the City Council finds, that such alternative methods meet the purpose ofthis Chapter." . Page 2 of7 ANALYSIS: q71/~ Braddock and Logan has presented a proposal to provide the number of allbrdahlc units required for the construction of 1043 single-family units at the 486-acre property they currently own (See Attachment 1). Per the Inclusionary Zoning Regulations a development of 1043 units would require 130 affordable units. The ordinance allows a developer to pay fees in lieu of constructing 40% of the required affordable units, which equates to 5% ofthe total units. Braddock & Logan could, thus, pay fees for 52 units which are currently $84,198 for each unit not constructed. This would produce an in lieu fee total of $4,390,925.70, Braddock and Logan's proposal is to build a1l130 affordable units required for the 486-acre property they currently own. The proposal is not consistent with the requirements of the Inclusionary Zoning Regulations in several ways. Because ofthese differences Staffis presenting the proposal and requesting direction from the City Council. Summary of Proposal: The proposal presented by Braddock and Logan involves two parcels. The fIrst is the 486-acre property which is the subject of the Stage 2 Development Plan and Vesting Tentative Map and would include 1043 units. The second property is the Anderson Property (See Attachment 2), which is proposed to be designated multi-family medium density. Braddock & Logan does not own the Anderson property at this time. The proposal is to construct 88 units on the Anderson Property; 78 would he off-site affordable units for the 486-acre Fallon Villages property, 9 would satisfy the lnclusionary ordinance requirement for the 78 units on the Anderson property and one would be a manager's unit. The total number of affordable units Braddock and Logan proposes to construct would he 139 units between the two sites. The proposal is as follows: I. 26 Integrated Units. 26 affordable units for sale would be built on 4,000 square foot lots of Fallon Village. These would be identical in appearance, materials and bedroom count to the market rate homes and would meet all of the requirements of Chapter 8.68. The units would be affordable in perpetuity. 2. 26 &condary Units. 26 affordable units would be secondary dwelling units, attached to 26 ofthe homes on 6,000 square foot lots. All units would be rentals and would he attached to the main dwelling. They would be one-bedroom units. The units would be affordable in perpetuity. 3. 88 Multi-family Units. These would be constructed off-site on the Anderson property as part of an apartment complex with two-bedroom, two-bathroom units. There would also be 9 affordable writs to satisfy the Inclusionary requirements for the Anderson property and one manager's unit, that would be market rate. The 87 units would be affordable in perpetuity. 4. Braddock & Logan would make a payment of $1 million to the City for affordable housing or community benefit. The following Table represents a summary of Braddock & Logan's Affordable Housing Proposal: Page 3 of7 ...........--...... .__...ro"'_ TVDe of Ownership Income mix Size of units Afford,aJJi)itv Period Unit IRental 26 For sale 50% mod-income Same mix of In perpetuity Integrated units 20% low-income bedroom size as Units 30% very low inc. market nlte dev. 26 Rental units 50% mod-income All In perpetuity Secondary 20% low-income I bedroom Units 30% very low inc. I bath 78 Rental units 5()% mod-income All In perpetuity Apartments 20% low-income 2 bedroom plus the 9 30% very low inc. 2 bath units fOT the Anderson property Timing of Construction and Security q~ ~ 12t The timing of construction in the proposal is different for the 26 integrated units. the 26 secondary units and the 88 off-site units. Staff believes that the timing included in the proposal, and the security proposed, do not meet the purpose or requirements of the ordinance in that construction of the affordable units would not be guaranteed concurrent with construction of market rate units. Staff is prepared to wOTk with the applicant; however. to modify the timing and security proposed if the Council is interested in considering the proposal. For example, some security measures would need to be in place, until Braddock and Logan obtains ownership of the Anderson property and then pulls building permits to construct the multifamily complex. A regulatory agreement would need to be in place tying the issuance of building pennit for the market rate units to the number offuclusionary Wlits under construction. The conditions and regulatory agreement would also need to explicitly indicate that should the developer be unsuccessful in obtaining the Anderson property and obtaining the required approvals and financing; the requirements of the Inclusionary Zoning Regulations would apply; that is, all TnclusionaryUnits are to be built throughout the subject site, of the same bedroom mix as the whole development and would be evenly dispersed throughout the development. Waivers Requested Braddock and Logan is requesting waivers from the lnclusionary Zoning Regulations. Waivers would be required from: · The bedroom mix of the 26 secondary and 78 off-site Inelusionary Units because they would not mirror what is being constructed at the market rate homes. . The requirement that the Wlits be dispersed throughout the project because the 88 units would be concentrated on the Anderson property. . The requirement that all ofInclusionary units be built concurrent with the remainder of the development. Two factors that the Council could consider in granting wai vers are that the developer is offering to provide $1 million to the City's Mfordable Housing Fund or other Community Benefit Fund in addition to providing the 12.5% required units and that the units would remain affordable in perpetuity, rather than for 55 years. . Page 4 of7 Issues Relating to the Three Types of AfftJrdahle Units Being Proposed: ~1~ I. 26 Integrated Units PTOviding units along with the market rate units at the site ofthe development is consistent with the lnc1usionary Zoning Ordinance. The developer is further indicating that the units would be marketed to the income-range mix that is specified in the lnclusionary Zoning Ordinance. The issues that arise with this part of the proposal are subtle. The homes to be built are large homes and the market rate homes will be expenS1ve to purchase. All of the homes will be expensive to maintain. Along with the purchase of the large home arc expenses such as landscaping, maintenance, heating, etc. The policy issue is whether it is the Council's desire and the intent ofthe Inclusionary Zoning Regulations to provide homes of this size to very low-, low- and moderate-income households. If the intent of the lnclusionary Zoning Regulations is, rather, to provide entry-level homes for lower-income households to enter the homeownershjp market then perhaps this is not an ideal solution being proposed. 2. 26 Secondary Units The secondary units, sometimes referred to as "granny flats/' may be of several types. They could be over the garage as in the Bernal development in Pleasanton or they could be attached to the main home and have a separate entrance. The proposal that Braddock and Logan is presenting indicates that these would be one-bedroom, one-bath units and they would be attached to the house. The Council would have to grant the applicant a waiver from the requirement of the Inclusionary Zoning Regulations that the affordable units reflect the same number of bedrooms as the market rate units. A waiver can be granted pursuant to section 8.68.040.E. The main issue with granny units is that it is not feasible to require the individual single-family homeowners to rent out the granny units. lfthe units are not rented out to the specified income category household, then the required number of Inclusionary Units is not being provided. The owners of these units would be able to rent out the unit to lower-income households, keep them unoccupied and for their. pelSonal use, or allow for family members to occupy the units. If the property owners decide not to rent the units out, then the required 26 units that are required, per the Inclusionary Zoning Regulations, would not be available and the number of units available for lower-income households would be less than the 139 proposed. Staff believes there are other issues tied to secondary units that the COWlcil should consider. Providing one-bedroom units will limit the s1ze ofthe households that could occupy the units to one or two person households. These units may not be able to be administered in any meaningful way by City Housing Staff. Currently, and per the Inc1usionary Ordinance and the "Layperson's Guide to the Inclusionary Zoning Ordinance Regulations~', Housing Staff monitors all rental units that are restricted to lower-income households annually. So far all of these are apartment complexes with professional management staffs. Nonetheless, it sometimes requires several attempts to have the management staffs provide the required infonnation on the lower-income tenants. If City Housing Staff is going to be contacting each private single-family home owner and requesting information on 1) whether they are renting our their units, and 2) the income of the tenant, it may be substantially more difficult to secure the required information. If Staff does not receive the information needed within a reasonable amount oftime and after repeated efforts, Staff may involve the City Attorney's office and Council in seeking compliance with the regulatory agrecment. Page 5 of7 3. 88 Apartments (78 off-site inclusionary units and 9 on-site inclusionary units, plus a manager's unit) I~ ;f)~ The proposal is for the off-site development of87 units to house moderate-) low- and very low-income households, in the same ratio required by the Tnclusionary Ordinance. For the Council to allow the applicant to satisfy the Inclusionary requirements by constructing units ofT- site, it would have to make the five findings discussed above. Staff does not believe the proposal. as presented, allows the Council to make all five findings. Tfthe Council is interested in considering the proposal for off-site construction of units and believes the five findings can be made with revisions to the proposal, Staff can work with the applicant to refine the proposal. One refinement that Staff would recommend is a trigger point for construction ofthe 88 units or construction of the units on-site. given the fact that the applicant does not own the Anderson property. In order to make the five findings, the Council would need to grant a waiver from the bedroom count requirement of the ()rdinance and a waiver from the dispersal requirement or the ordinance. The construction of apartments off-site to satlsfy the requirements of the Inclusionary Zoning Regulations has been allowed before in the City of Dublin. Staff knows how to work with both the developers and the management entity to enforce the provisions of the executed Affordable Housing Agreement. Before any building permits are allowed for an affordable development such as an apartment complex~ Staff assures that the appropriate Affordable Housing Agreement is executed and that the developer has provided a management plan, indicating the method of marketing the development to the households intended, the procedures that will be in place to verify the income of the income restricted tenants, and the manner in which the City of Dublin occupancy preferences will be administered in the selection of tenants. The apartment complex proposed by Braddock and Logan would be required to provide the same items. Braddock and Logan has further indicated to Staff that the construction of this apartment complex would be .fully funded by Braddock and Logan proceeds. The developer does not intend to apply for tax credits or tax exempt bonds or other fimds available to lower-income rental developments. As such. the developer would not request any gap funding from the City of Dublin. This is not part of the formal proposal, however. OPTIONS: Braddock and Logan has indicated that if the above described proposal is not satisfactory to the City Council that the firm would provide 78 Inc1usionary Units (7.5%) on the Fallon Villages site, mixed in with the market-rate for sale units and pay the required in lieu fee for the other 5%. While this may seem similar in approach to all other "for sale" developments with Inclusionary Units the City has approved there arc some differences. First, the homes being considered in this development are larger than any other homes so far developed with affordable units. As noted above, to provide a 4000 or 6000 square foot lots to a lower-income household may present a household with a home that they cannot afford to maintain. Along with the restricted sale price will come a number of expenses, including property taxes, homeowners' insurance, landscaping, heating and cooling and general long-term maintenance. The additional housing costs may exceed what the lower-income household may be able to pay. The results may be a well-intended mismatch of ownership to for sale product. Other options can be explored to provide Inclusionary Units on-site, but any variation from the Inclusionary Zoning Regulations would require waivers. Most of the other developers of "for sale" housing have found innovative ways to accommodate the Inclusionary requirements of the City of Dublin. Page 60f7 Pinn Brothers will be offering eight of the smaller "Manor" cluster homes to moderate-income households, with the low- and very low-income households offered homes in the condominiums. Greenbriar developed town homes in the m.idst of the larger single-family homes specifically for the Inclusionary Units. Duplexes and Triplcxes may also be incorporated into single-family neighborhoods without changing the character of the tracts. ) tr1 :r J1-h If the City Council dctermines that Braddock and Logan's Proposal should be modified in some way, it would be beneficial to provide that direction to both Staff and Bnlddock and Logan at this meeting. There would be no guarantee that Braddock and Logan's offer to construct t 30 units rather than paying in lieu fees for 52 units, to make all units affordable in perpetuity and to donate $1 million to the City would be part of any other proposal that required the City Council to waive requirements of the ordinance. However, Staff and Braddock and Logan could explore these other options that would be more consistent with the City's Inclusionary Zoning Regulations. RECOMMENDATION: Staff recommends that the City Couneill) Receive Staff presentation; 2) Hear public testimony; 3) Deliberate and; 4) Direct Staff to: (a) Inform Braddock & Logan that the Council will not waive the requirements of the Inclusionary Zoning Regulations required by the proposal; or (b) By consensus, direct Staff to work with Braddock & Logan to refine the proposal including, in particular, the timing of construction of the proposed affordable units. Page 7 of7 .....~ ...-, ---- ------ -- , . JO? ~f }2G Braddock & Logan's Affordable Housing Proposal The following is Braddook and Logan's affordable housing proposal for meeting .the InclusioDiil'Y Zoning requiretnents set forth in Chapter 8.68. Braddock and Logan is proposing to bundle the folJowing four proposals in order provide the highest number of units in the most logical place and to meet housing needs not currently being provided. for in the City. Specially the four. proposed programs are as follows: (1) 26lntegated Units. This proposal would provide 26 units on the Bankhead property (at 300/.J for Very Low; 20% Low, and 5OG.Io Moderate). These units would be integrated within the 4,000 square foot lots of Fallon Village and would be in identical in appearance, materials, and bedroom count and would be consistent with every portion of the requirements of Chapter 8.68. . Timing Braddock and Logan vvould be agreeable to a condition of project approval that requires the developer to begin constlUcting the Intergraded units at no later than the 17S'ltl building permit, with completion of these affordable units at a ratio of 1 affordable unit completion to every 20 market rate units being completed. This would result in the Intergraded affordable units being completed prior to the entire project being 2/3 complete. In addition, Braddock and Logan would be agreeable placing a security bond, guaranteeing the on-time completion of the affordable units. (2): 26 Se.condary Dwellin~ Unit. This propo5lll would provide 26 Secondary Dwelling Units spread throughout the project on lots which are 6,000 square feet or latger (at 300Al fot Very LoW; 20% Low. and 50% Moderate). These units would be one-bedroom and would be attached to the primary unit. These units would appear integrated into the design of the primary unit; howevec the second unit would be completely self contained. These units would be designed to accommodate housing needs that are currently not being met, such as college/career age children living at home; multi-genera.tional fanrilies; and or older parents living with children. nining The Sec:ondary Affurdable units would be completed concurrent with units fol' the lots that are 6.000 square feet or lager. In addition, Braddock and Logan would be agreeable placing a security bond. guaranteeing the on-time completion of the Secondary Units. (3): 87 Medium-High Density Affordable Units. This proposal would provide 87 affordable units (and one manager's unit) to be placed upon the Anderson property. These units wo-u!d be located on property designated medium density residential (at 30% for Very Low; 20% Low, and 50% Moderate). The Anderson Property is located to the east of Central Parkway and Croak Road, immediately east of the proposed Village Center to be located on the Jordon Property. The property is idea.lly suited in that it is {O ... l '5-.06""' {3. \ ATTACHMENT I '. ! 'oJ; (~~ /7' ~U/V~/~UUO ~o;u~ r~ both located in close proximity to existing and proposed transportation infrastrUCture. existing and proposed job centers and retail development as well as open space. parks, schools, and semi public uses. The affordable units proposed on the Anderson property would contain 2 bedrooms and 2 "hathrooms. Section 8.68.030(E) states the affordable units should reflect the range of bedrooms provided in the project. However, the unit configuration and bedroom count on the Anderson property is constrained by the natUre of th~ higher density product and as a result Braddock and Logan is. requesting a waiver from this requirement of Chapter 8.68.' Timing . Braddock and Logan would be agreeable to a condition o,f project approval that requires the developer to begin constructing the Medium~ High Density Affordable Units no later than the no later than 5 years from the date of the approval of the Tentative Map for the Braddock and LoganlBankhead properties. In addition, Braddock and Logan would be agreeable placing a security bond, guaranteeing the on-time completion of the Medium- High Density Affordable Units affordable units. (4) Community Benefit Provision. In addition to the other aforementioned a:ffordable units Braddock and Logan is proposing to provide a million dollars ($1,000,000) to the City. The City Council can determine the best use of the funds. The monies' could be placed into the mordable bousing in~lieu fee program, or could be utilized for capital improvements such as reconstruction of Shannon Center or other City Park or facility. Braddock and Logan is proposing to provide the City all of the aforementioned proposals in meeting its affordable housing obligation. The combined approach would provide a total of 139 wordable units. which is 56 units more tlum required by Chapter 8.68, Additionally, these units would contain rent'and resale restrictions tha:t ensured the unit's affordabilityas proposed, indefinitely (Bs opposed to the required S5 year requirement set by Section 8.68.030E). Braddock and Logan feels this combination of proposals will further the Citi s goal of providing housing and providing wits to households that are not currently served by the marketplace. These affordable units would integrlrted throughout the 480 acre project area and would designed, constmcted, and managed in a way to ensure healthy and vibrant neighborhoods for years to come. ~u,u~,~vv~ ~u~v~ rAA 1a1f It( .. lO/03/~UUb ~b:O~ t'AA .01" tiUU \A.ilUlW",.U E,GU. ~.705-11~ r..................--.."'O'---.-..-'-.-.....--..-.-.. 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'KEY PRINCIPLES OF INCWSIONARY HOUSING In its most basic tenm, inclusional)' housing requires or encOllrages market-rate hOLlSing dwelopments to include it percentage (usually 10 to.20 percent) of homes aftorc1able to lower- and moderate-lncome households. lnclusionary poll. oles take tile form of eith.,r a local ordinance, a G.n~ral Plan policy, or a permit approvals process that requIres or rewards affordable hooalng projects, While NPH and HBANC hold differing views on the merits of irx;losionary housing. the following are key principles upon whlOtl our organizations agree; . Providing an adequate supply of housing is B societal responsibinty. . Local communities with inclusionary hoosing progral11$ have a respoosibility to contribute tangible and substantial resources 80 that the cost of providing affordable !'lousill:l is spread fairly aefOP the community. A.ffordable housing pollcle$ that maximIZe resources by providing more hous- ing opportunities or deeper levels or affordability at the same or less oost $l'JoUld be encouraged. . Traditional inclusionsry housing policies mat require the development of 'like- for.llke" units distributed unifonnly throughout the market-rate dellelopment are often not the mo$t effective or efficient way of providing affordable housing, . To Increase effectiveness and efficiency, incluslonary h<:Juslng programs shOUld provide ftexibility and allow a range of attemative methods of providing affordable units. RECOMMENDATIONS FOR JURISOICTIONS WITH INCLUSIONARY HOUSING PROGRAMS Market-rate builders should be providld wtth Ii choice of $ElVeral options for producing the affordable homes. The builder should not be required to demonw-ate the financial infeasibility of traditional inQlusionary requirements in order to use one of these options and, 50 long 3$1he relevant emeriti f()f a particular option are met, the builder $houlcl not be required to obtain approval by the local jurisdiction on a case-by-oase basis. HOUSING TVPI!: AND DESIGN FL~IIIILJ1'Y Market-rate builders shOLlld be able to satmy an inclusicnary requirement by providing alternative for~IEI hOlJ&lng types. such as dUers, townhouses, ot COndominiums. Buildars should have the option of clustering the unitlil onslte or building ~e (see Offsffe Construction, page 4). lei Of \~;; 3 lU/U~/~UUO ~O;u~ rAA JJ~O'"~V"'.lM3lra..ue.cu.& lo? 'J{. !, .--i r Market-rate builders should be able to satisfy an lncluslonary requirement by providing rental housing, provided that the proj.ct meets the incluslonary percentage and income targets applicable to rental projects. Again, the builder should have the option or clustering the unib on the project t;ite or proViding for the unIts offsite (see Off$ite ConstnJction, below). LAND Dg,ICATION Market-rate builders stlould be able to satilllfy an Incll.l$lonary requirement by donating land to the local government or Ii non-profit hOlJsing developer, subject to the follcming: . The bullder and city should ensure that through an upzoning or density bonus the dedicat- ed site will accommodate more affordable units or units at a deeper affordllblllty level than the inclusionatyrequirement VIOuld have provided: . Whare rental housing Is to be constructed on the dedicated site, the site should accommo-- date at least 40 affordable units; . 't tI'1e dedicated site is such that it requires "extra" col16lructlon costs--Guch . ttle need to (to podium development or steel c:onstl'UQtlon-in order to accom- modate the required number of units, ihe market~rate builder should bear the extrQ cost, including any offslte , Improvements, environmental remediation or provision of utilities. In mO$t other situations, the land dedi<:ation itself will satisfy the incluslonary requirement, . The dedicated site is located within the same jurilKiic- tion 3$ the project or Withl" a defined subregion; . The dedicated site should have allland...use entitle- ments secured prior to completion of the markelrtate unlw. If the local jurisdictIon unreasonably refIJses to apprD\l& the necessary entitle~ ments. the builder should be able to pay in-lillilu fees. Ot=nrra CoNSTRUCTlOH Market-rate bullder5 should be able to chOOGe to satisfy an lnclusionary requirement by pro. viding for the units to be con$lructed outside the project location, subject to the following: 4 ~~nJi.wAI'W\)"I": : AJ 'aronll R"ndl 01 ~CA, rbr Mori:e1of1lfll build!!. JIf/lllfdwd /wid : tQ E4cn HoosI/If lII<~ 0( &-eaIy d~'" flltl ~d'I)' ,-=, ! m~ If. jlOII()bk t(> ~ 74 ~rr1mem. "IfO/dab. ,., ftIm~ tGf11iqJ bdm' 60 pw'CMl of _1!K'diPn jlImmo (129,000. $SJ. OO~J. o~ n'e rdllJ'lnt tAutl S427 lit $lI6/ pit; monlll (i&~. .1.1,tJ' "~I 4ioUU., ... u . u. "'n..a. " The offsite looatlon is either comparable to the prDject site Qr will result in either greater levels of affordablllty or a greater number of affordable unit$ than the inciu- slionSlry requirement would ha'le provided; · The affordable units should be develDped concurrently with the rna~-rate homes. POOLING AND CRIiClT TMAN"~IiAS ~ 0.8 9f \~ ~ ~I I · TWo or more market-rate builders should be able to p()Ol res~rces to satisfy their Incluslonary requirement through a single affordable housll1g project; · Market-r&te builders that build "extra" affordable housing units (i.e., more than required by the inclusionary ordinance) should be able to use the additional unit$ as crecli1s for meeting future il'lclusionary requirements in the jurisdiction or a defined subregion; · Markel.rate b\.Iilders that build "extra" affordable housing unItS should be able to sell the additionlill units as credits to other builders in the same JlIr1sd1ct1on or a defined subregion; QIfi!lI--'O~/::J31m1 4T Wz VlI.b Loom.r '-Ill< '''''' mau" p,w-1llJe brormlR' 11M CIty of C:ar/d>or.l ell l1f1mn,d lize h~ m llottll8r Pith dJ" nOI'1'rn6t SltIPGE HIlUIlIIf 'C1:J dlw~ tile ~cllnlcllNl'>' """"'" otp-u. bur nefN 1M INII'~' iNI"ll,""- . Sl'<~ HDtltl~l c,r<!!JllM 1.1. 3 ood of ~ ~ f;r 3441100it ., IloIdt ecImlllJ CIt or b4tIow.:;o ",,<I 61) ~nl ..(tIll! lll'~ mtd"'llMrml.. ! . The "extra' units should" be built before they can be treated as credits; · Non-profit builders should aleo De able to sell credits to market-rate bUilders for projects and/or units that are not being funded by the local government. The affordable homes shOUld be entitled before or ccnourrently with the market-rate development aoquiring the credits; " Non~profrt builders should be able to acquire and improve existing market-rate d8Velop~ IT'lElnts and restrk:l Mure rents to very-low' income households Qnd sell the units as credil8 to other bullde/'5 in the ssme jurisdiction or a defined subregion. This option should only be allowed if: it} households served are at or below 50 percent of median income; b) the property undergoes extensive renovations; 0) number of units acquired ami renovat- ed is at least double that of the standard inclusionary requirement; d) affordability is guaranteed tor a period of at least 55 years; and e) tenant relocation is appropriately addressed, 5 /J:t;LJ.-ufm..ww A: Old EIn. ~.lM. CIJy Qr~t1luroo ~ n/lni)~t .IIwbank H/IIl'litlt Drl.:/ojJlll..m Cotporaflrl.n 11'1111 /iM"..!Il, _d. ~Ie Will_ ftlIIl ,lJIMred irom vlll"kw.... m"''''~'''lc! ~/I~ It. t!!SU/!od In ~ aff~ tMll . "''I''irw''" rk ",dinar";,,. 01<1 Elm VlIrlp ; $I~ 87 f1/fOnIuI>k 11_ AlllEq . from 'Illd~ III ~1!o)IIl4J,~~ _n. bottSl:< f'" d 01111I 0( m.-i>>1d!. ...:t7Ifnt 30.40, SO. 60, IIIId to ~M' <1( d/'C<l m~1I ~ I71\'i>rdnbl8 t/) silll.~ /)e/1l)M ...i1h ~ m. .w- CB :$:/3,000 aN t/lu""')' lip IQ /Gmim ",.iI: ..;r/, iwl;lJfI1ll1 '" ebr;>ur l5!1,OlfO.l! Mtc.;.~ /1 belt fl{ ~DIl'Im~ru.z1 B/)OCfI dIItl tlnI- tiJlr,J. fifth. <J>I1'-" is ~wa <! 5l~" rVlJq tnn fm;/J/tr SOfll . 1111 fclm/Jit,~ (/!,11ft Old Elm OM me: """oulldmr nrtllf,j"l!o.ld. IN-WI) F~ Market-tate builders Of projects with 50 units or fewer $hould be able to C::h(ll)88 to satisfy an inclusionary requirement by paying a fee in lieu of directly developing the units. Thi. option shDuld be available to the develDper without having to demornstrate that other optlon$ are infeasible.. R!;c;aMMENDED LocAL eo"'"VNtTY CoNTRIBUTIONS Local governments fulfill Ii crucial role in the creation of affordable housing. BelDVi are SOme key actions that local governments should take to demonstlllle ill broader commitment to addressing the afl'ordsble housing shortage. t. Funding . Make consistent efforts to paas IOQaI affordable housing assistance bonds or other meas- ures to meet the existing community's fair share of the burden of providing affordable housing. . Either waive development Impact fees and processing fees tor incluslonary units or pay for them through discretionary local funds such as redevelopment funds or the general fund. II HIANC rill" NI'H do noC _ . I;4/IMIIN1 /IOIlIirHI M ;" .... /iots lot pmjem ~ mort !IIOII.50 UIlIg. 6 . {df Qj IJt i -/ to 1/;" . Where a redevelopment agenoy exists, in cruse to at leasl50 percent the tax increment davot$d to affordable housing programs. (Currenllaw requires .. 20 percent lOW. to moder. ate-income set.aslde for housing.) 2. Zoning . prOVIde at least one density bonus for each unit of affordable housing required. . Exemj:t Inclusionary units from bullcling permit caps and growth allocation processes. . Proactlvely .pre-entitle" (general plan and zoning) the sites Identified in the hQl.I$ing ele- ment as affordable housing $/te$. . Make a.pproprlate surplus publicly owned land available for affordable housing. 3. Program Administration . Local governments should provide a dedloated staff and budget to administer the program or contract with a comp~ent entity to do $0. · This responsibility includes up-front a_tance to homebuilders and prospective buyerslrentef$ in the sales/rental prooess as well as long.tfJrm monitoring of the incluslon- ary homes. . 10 the case of fOr-sale InCluslonary unll:5, in which the developer makes a good faith effort to ull the unit but it remains unsold after 90 days, the local government should either. a) purcha&e 1he unit atthe restTlcted ptioe and take over marketing; or b) give permission to sell the unit at market-rate and capture the difference. For option A. the local govemment must clm;e on the unit within 120 days from completion. For option B, the progJ1llm should be &tnJctured so that there will be an incentive to obtain true market value for ttle unit. . The cost of program administration $hould net come from fees or other exactions imposed on builders. CONCLUSION Throughout CliIliforniQ, public; officials and private citizens are struggling to find ways to address the affordable housing crisi$. Together, NPH and HBANC want to ensure that the dialogue about solutions Is being Informed by a eet of principles effective and el'llelent at . shaping public policies thai; wiA work for builders, cities and residents. California has long lee! the nBtion in innovative approaches to addressing the affordable housing crisis, and, by workil'l9 together, NPH and HBANC believe that we can find common ground to help solve the problem in the near future_ 7 ~J~ \e~ ~ , '. t i I 2 I ll- t I I Wl>~K..t , J PI2.o~l1L os 1/21 r),(~ Fall( Stage I PO j LEGEND M.y 31 . <NO~. KEY He/co ue vc L M MH * liS NS NP Cf> RR1A os LANU U~E General CoromercWl Commercinl Office Gcn.cnlI Commercia! Village Commercial Low Density Residential Medium DcruDly Residential M...diUIll I Iigh I )en.~ily R~'8i<k:ntial Public / Semi-Puhlic (see Nol.c below) Elcmcnltuy School Neighborhood SqIWC Neighborhood Park Cununwlity Park Rurnl Residential I Agri...ulture Open Space TOTAL *' NO'IH: I'ubliw'Swli-T'uhHc lands overlay ok \llIClc o:k:sign; Alllirilk dcnollll Rquind. ""ru8$" on ellllh propt.'lty .''''n''....1I .... o.,..,/b)S }la/Ion Vil1l1p C~ntLD' Precise Plan NOlI. fU,fwan . _ ~'::: ':.}~~~:'c.:" .." .' INCLUSIONARY ZONING REGULA ~l~s ~~ .p..~ ~tl4lpWr 8.68 ~ .'..... .........',.,. '.......................,.........,,, . ... . ',;... CHAPTER 8.68 INClJUSIONARY ZONING REGULATIONS 8.68.010. Purp'oie., The purpose of this chapter.is to; ':c A. enlJ.ance the public wel~ and assure that furth~ housing development contriblllte:;J to the attaUunent of the City!s housing gofils by increasing the production ofresidBIltial units affordable by households of very Ip\V) low, and moderate inCome. B. assure that.the limited remaining developable land in the City's planning area. is utilized in ~ manner consistent with the City's' housmg polioj~ and needs. . 8.68.020. Definitions. As used in this chapter. each of the following terms shall.b.e defiP.t~,as,follows: A. uAffordable Unit'~ means 811 ownership or rental..housUlg unit, .inc1~g s(llipf~~gf,affordable to households with'very4ow, low, Or modexate inoomes.~ defin~.in this cha~t 1. R~tal ~ts ar~ d.~~ed affordable units if.the~uai rc;Lli does not' e,xQeed 30% 6tln~um incQ;r:n!;:loYetfor very-low.., low~, and ~oc1erate..jp.come householQs, adjusted for houSehold size anq as"d~.&ned below. . . 2. Owner..occupied units are deem,eel affordable;. ~ts if the sales price results in aqniliil hoUsing expenses that do not exceed' 35% of income level for'very-low.,low~, and mode.rate-lnOOme households, adjus~ed for l1ous~olQ. size and as defin.~ below. For ~ very low-in~ome owner- occuPied units, the unit shall be deemed ~ affQrdabic' unit if the sales price resuits in annual housing expenses that do not exceed 35% of the maximum in the very low-income level, adjusted for household size and as defined below. B. "Applicant" means any person, firm, partnership, associ$on, joint venture, corporation, or any entity or combination of entities that seeks city real property development penni~ or approvals. c. "Dwelling unit" means a dwelling designed and intended for occupancy by one household D. "Very-low-, low-, and modeJ;'ste-income levels" means those inC011),e ap.d eligibility levels determined periodically by the California Departmcn.1: of Housing and Community Development based on Alameda County median income levels adjusted for family size. Such levels shall be calculated on the basis of gross annual household income considering household' size and number of dependents, income of all wage earners, elderly or disabled family members; and all oth~ sources of household income and will be recertified as set forth by local standards', and state and..federal housing lavv. . 1. ''Yery..low income" means 50% or less of the median income, adjusted for actual household SIZe. 2. "Low income~' means more than 50% to 80% of the median incomet adjusted for actual household size. "Moderate inCome" means more than 80% to 120%,oftbe median mcoIJle, adjusted fQr actual househo14 size. .. ."" . "1 . ~. .. . . . City of Dribl/':i Zoning Ordinance 3. 68.1 ....... ..T". .. ......... ., " .' .$.~~~.r;199t.. . ATTACmrr;s F. INCLUSIONARY ZONING REGU~~gQJ'b Chapter 8.68 "Resale controls and/or rent restrictionsl! means legal restrictions by which the affordable units shall be restricted to ensure that the unit remains affordable to very-low-, low-, or moderate...income households. as applicable, for a period of not less than S5 years. With respect to rental units, such rent restrictions shall be in the form of a regulatory agreement recorded against the applicable property. With respect to owner..occupied units, such resale controls shall be in the form of resale restrictions, deeds of trust, and/or other similar documents recorded against the applicable property. "Residential development" includes, without limitation, detached single-family dwellings, multiple- dwelling structures, groups of dwellings, condominium or townhouse developments, condominium conversions, cooperative developments, mixed use developments that' inchide housing units, and residential land subdivisions intended to be sold to the general public. 8.68.030. General Requirements - E. A. 12.5% Affordability Requirement. All new residential development projects of 20 units or more designed and intended for pCIIIllUlent occupancy shall construct 12.5% of the total number of dwelling units within the develop.ment as affordable units, ex.cept as otherwise provided by this chapter. The foregoing requirement shall be applied no more than once to an approved development (and generally at the tentative map stage), regardless of the changes in the character or ownership of the development; provided the total number of units does not change. In applying and calculating the affordability requirement, any decimal fraction less than or equal to 0.50 may be disregarded, and any decimal fraction greater than 0.50 shall be construed as one unit. B. Allocation of Units to Income Levels. Affordable units provided pursuant to this section shall be allocated to households with very-low, low-, and moderate,-income levels as follows: Very-low-income households 30% Low-income households 20% Modera.te~income households 50% 'Where the calculation of the allocation results in fewer units that would otherwise be required pursuant to subdivision A above, one additional unit should be allocated to the income level with a decimal fraction closest to 0.50. C. Conditions of Approval: Any tentative map, conditional use permit, or site development review approving residential development projects subject to this chapter shall contain conditions sufficient to ensure compliance with the provisions of this chapter.' Such conditions shall detail the number of affordable units required, specify the schedule of constroction of affordable units, set forth the applicant's manner of compliance with this chapter, and require the execution of an agreement imposing appropriate resale controls and/or rental restrictions on the affordable units. D. Concurrent Construction. All affordable units in 11 project or phase of a proj~ct shall be constructed concurrently with market -rate lmits, unless the City Manager detennines in writing that extenuating circumstances exist that make concurrent construction infeasible or impractical. ' E. Design and Distribution of Affordable Units,' All affordable units shall reflect the range of . numbers of bedrooms provided in the project as a whole and shall not be distinguished by exterior City of Dublin Zoning Ordinance 68-2 September, 1997 R.vised March 2005 ~ INCLUSIONARY ZONING REGUJ.;rO~J ~ Chapter 8.68 design, construction, or materials. Affordable units may be of smaller size than the units in the project and may have fewer amenities than the market rate units in the project. All affordable units shall be reasonably dispersed throughout the project. 8.68.040. Exceptions to 12.5% Affordability Requirement. Developers ofprojects subject to8.68.030A shall construct 12.5% of the total number of dwelling units within the development as affordable units, unless subject to an exception set forth in this section. All exceptions require City Council approval, which shall be obtained at or prior to the last discretionary approval for the project. A. Payment of Fees In Lieu of Creation of Affordable Units. Upon request of the applicant, the City Council shall pennit the applicant to pay a fee in lieu of constructing up to 40% of the affordable units that the developer would othe1Wise be required to constlUct pursuant to Section 8.68.030A. The amount of the fee shall be as set forth in a resolution of the City Council, which may be amended from time to time to reflect inflation and changed conditi.9ns in the City and the region. In lieu fees shall be paid at the time and in the amount set forth in the in lieu fee resolution in effect at the time of isSuance of the building permit B. Off-Site Projects. An applicant may construct the affordable units not physica1lywithin the development in lieu of constructing some or all of the affordable units within the development; with the approval of the City Council, if the City Council finds: 1. that construction of the units off-site in lieu of constructing units on-site is consistent with the chapter's goal of creating, preserving. maintaining. and protecting housing for very low..~ low- and moderate-income households. 2. that the units to be constructed off site are consistent with Section 8.68.030E above. 3. that it would be infeasible or impractical to construct affordable units on-site. 4. that conditions of approval for the project require that the off..site affordable units would be governed by the terms of a deed restriction and, if applicable, rental restrictions similar to that used for the on-site affordable units.' S. that the conditions of approval for the project, or other security such as a cash deposit, bond, or letter of credit, are adequate to require the construction of the off-site affordable units concurrently with the completion of the constTuction of the residential development or within a reasonable period (not to exceed 5 years). C. Land Dedication. An applioant may dedicate land to the City or city-designated local non-profit housing developer in lieu of construction of some or all of the required affordable units, if the Council :finds that: ' 1. that dedication of land in lieu of constructing units is consistent with the chapter's goal of creating, preservingl maintaining, and protecting housing for very-low, low- and moderate. income households. .' 2. that the dedicated land is useable for its intended purpose, is free of toxic substances and contaminated soils, and is fully improved, with infras1ructurel adjacent utilities, grading, and all development-impact fees paid excluding any inc1usionary zoning ordinance fees. City of Dublin Zoning Ordinance 68-3 September. 1997 Revised Marr:h 2005 .. .) ".(iDl.> J~~ I NCLUSIONARY ZONING REGULATIONS .;. . ,,_ 1'.' " ' ,....." "'" . ,Oh.~r 8.68 ... . ' . .'. , . . .. ... . . . that lhe ptoposed.liuid dedication is of sufficient size to meet the following requirements:. ',' "..', .', :t a. the dedication includes land sufficient to constrUct the .number of units that the applicant would otherwise be required to construct by Section 8.68.030.~ based on the size. of lots iri the ~ubdivision for which the.applicimt is ineetingits obligation; and b. fu addition, the dedicatioh includes. Such iK:lditlonal1and the' market value for which is equai to or exCeeds th.e difference betWeen the value of a niatk:et..:riite, 1200-square foot unit a.t1d the price at which ~~ch a unit could "Qe sold as ~ Affordable Unit (which auiount s~ be set f9rth~ a tesoltitiOlJ ~opted from'time:t~ tiine by th,e 'CIty . CoUncil) times the number ofliliits required. . ',' ':\~ " . D. Cr~d.it transfers. An.llppH~t may ftiiiyor parti81ly ~t:isfy the requirem.enis of Section 8.68.030A throl1ghHtl1e tJ.s~ of tranSfer. Credits ~re,#~~d p~uarit:tO:Sectiori 8.6S;060. Credit certificates sballbe presented to the ComniuIiity Developm.ent DireCtor, who.shlill note$tthe time of project approval the credit certificate by number. Credit certificates may only be used to satisfY the requirements for Inclusionary UIdts for the income ca~gpry (i.e., Vel)' low,. law. or moderate) and number of bedrooms (pr whlch th~y are is~ued. . E. Waiver of Requirements. The City Council, at its dis.cretia~ may waive, wholly 6rpartially, the requircm1en~ oftbis ordinance and $ppr~ve alternate m~thods of cOmpliance with this Chapter if the applicant demonstrates, aile! the City COUn~il finds, that such .altetna,te methods meet the purposes of thls Chapter. '. 8.68.050. General Procedures. f~r ~p'l~m~~UJ).g In~lusionary Zoning l,{equirements A. Agreements. Prior to. the issuanc.e of ap~ding permit for 81;1. affordable unit, resale restrictions or rental controls, or both, as the case may be, shall be set" forth in aD. agreement between the City and the. 4leveloper, in a form cal1$i8toot with the City CQuncil..adopted form agreentent, which agreement shall be recorded against the propertY containing the afi'qrdable units. The agreemeD,t shall be executed by the City Manager, and its requirements shall run with the l~d and bind the applicant's successors. B. Rental UItits; Q.CC.~PaDCY; Annual Report. Agreements mVQlVing r.ental Units shall require the owner of the affordable units to ensure that the unitS m.-e occupt~ llY ten~ts whose monthly income levels do not exceed very Jow-, low-,or moderate. income levers, as t,he case may be, and shall preclude tenants from subletting or subleasing the unit. The agreement shall also require the owner of the affordable unit to. submit an annual repo~ to the City Manager, in.a form~t ~pproved by the City. The report sbali include, hut not be limited to the followil1g information: an identification of the affordable units within the praject; the monthly rents charged and proposed to be c~.ged; VI!lcancy information for the prior year; and the monthly income for tenants of each affordable unit throughout the prior year. c. Ownership Units; Occupancy; City's Right of First Refusal. Agreements for.ownership units shall specify that the inclusionary units must be occupied by the owner or owners and may not be leased or rented without the written approval of the City. The resale restrictions shall provide that in the event ofthe sale oran affordable unit, the City shall have the right to purchase any affordable owner~occupant .Unit at the lIl8Ximum. price that could b~ .charged to an eligible hal.18ehalp.. '. ..." 'l' 1-.. .\. . ,.1" ," ',... .~, . Cfty of Dubll~ 20nl;'9 Ordinance 684 . . ..Septemb8r,..1997 . Revised March 2005 INCuJSIONARY ZONING REGUJ~~1?s/J~( Chapter 8.68 D. Selection Criteria. No household shall 'be pennitted to occupy a unit that is required under this chapter to be affordable unless the City or its designee has approved the household's eligibility. Eligible potential occupants of affordable units will be qualified on the basis of household income, the median combined household income statistics for Alameda Coooty published periodically by the California Department of Rousing and Conununity Development, all sources of household income and assets, the relationship between household size and the size of available units~ and any further criteria required by law. The developer shall use an equitable selection method established in conformance with the tenus of this chapter. The selection criteria may not distinguish between adults and children. Selection of qualified person should be based on priorities established using the point system described below: . Employed within the boundaries of the City of Dublin (3 points~ one per household) . Public Service employee working in the City of Dublin (1 additional point) . Dublin resident (3 points, one per household) . Seniors (1 point, one per household) . Permanently disabled (1 point, one per household) . Immediate family member of Dublin resident (1 point, one per household) . Required to relocate from current Dublin residen.ce due to demolition of dwelling or conversion of dwelling from rental to for-sale unit (1 point, one per household) To qualify as a '~Public Service Employee" ~ the person shall be employed by a Public Agency. To qualify as "Employed within the boundaries of the City of Dublin", the person shall h,ave been employed within the City of Dublin for at least six months. To qualify as a UDublin residentt" the person shall have been a resident of the City of Dublin for at least a one-year period prior to the ~ligibility determination. 8.68.060. Affordable Unit Credits. A. Creation. Affordable 1ll1it credits may be created by the City Council. One affordable unit credit certificate shall be issued for each affordable unit constructed in excess of the number of affordable units required to be constructed for the project by Section 8.68.030A. The certificate shall designate a specific income category (i.e.~ very-low, low, or moderate income) and number of bedrooms for which they are issued. B. Qwuenhip and use of credits. Affordable unit credit certificates are issued to and become the possession of the project owner~ who may then use them to satisfy the requirements of this chapter foi' another project in the City. If a project owner proposes to sell credit certificates, the parties shall first obtain the consent of the Community Development Director, who will document the transfer by certificate nwnber. City of Dublin Zoning Ordinance 68-5 September, 1997 Revised MarGh 2005 INCLUSIONARY ZONING REGuJ~~~~s';' Chapter 8.68 8.68.070. Incentives to Encourage On-Site Construction of Affordable Units. The City may, but shall not be required to, offer incentives or financial assistance to encourage the on..site construction of affordable units in excess of 12.5% ofllie total number of units in the project to the extent resources for this pmpose are available and approved for such use by the City Councilor City Manager. Such incentives may include, but shall not be limited to, the following: A. Fee Deferral. 1. Development Processing Fees. The City Manager may approve deferred payment of City processing fees applicable to the review and processing of the project. The terms and . payment schedule of the deferred fees shall be subject to the approval of the City-Manager. 2. Development Impact Fees. The City Council may authorize the deferred payment of development impact fees applicable to the affordable units. Approval of this incentive requires demonstration by the Applicant that the defett'al increases the project's feasibility. The applicant must provide appropriate security to ensure future payment of such fees. B. Design Modifications. The City COWlcil may approve design modifications to affordable units that increase the feasibility of the construction of affordable units, including but not limited to, the following: 1. Reduced lot size. 2. Reduced setback requirements. 3. Reduced open space requirements. 4. Reduced landscaping requirements. 5. Reduced interior or exterior amenities. 6. Reduction in parking requirements. 7. Height restriction waivers. 8.68.080. Inclusionary Zoning In Lieu Fee Fund. In Lieu Fees shall be deposited into a fund known as the IJlnc1usionary Zoning In Lieu Fees Fund" ('~und"). A. Use. All monies in.the Fund, together with any interest earnings on such monies less reasonable administrative charges, shall be used or committed to use by the City for the purpose of providing very-low, low-, and moderate-income ownership or rental housing in the City of Dublin. B. Annual report. The City Manager shall prepare an annual report to the City Council identifying the balance of monies in the Fund and the affordable units provided and any monies committed to providing very-Iow-, low~, and moderate-income housing. The annual report shall also include a review of administrative charges. 8.68.090. Violations. It shall be unlawful for any person, firm, corporation, partnership or other entity that is subject to this ordinance pursuant to section 8.68.030A to violate any provision or to fail to City of Dublin Zoning Ordlmmce 68-6 September, 1997 . Revised March 2005 . J J q IJ,.Jn6 INCLUSIONARY ZONING REGULATIONS' I Chapter 8.68 - comply with any of the requirem~ts of this chapter. A violation of any of the provisions or failing to comply with any of the requirements of this Chapter shall constitute a misdemeanor, except that notwithstanding any other provisions of this Codet any such violation constituting a misdemeanor under. this chapter, may in the discretion ofthe enforcing authority, be charged and prosecuted as an infraction. Any person convicted of an infraction under the provisions of this Code shall be punishable as provided by the Govemment Code of the State of California. 8.68.100. Enforcement. A. General. The City Manager shall enforce this chapter, and its provisions shall be binding on all agents, successors, and assigns of an applicant. The City Manager may suspend or revoke any building permit or approval upon finding a violation of any provision of this chapter. No land-use approval, building permit, or certificate of occupancy shall be issued for any residential development unless exempt from or in compliance with this chapter. The City may institute any appropriate legal actions or proceedings necessary to ensure compliance herewith, including, but not limited tOt actions to revoke, deny, or suspend any permit or development approval. B. Excessive rents/legal action. Ifthe City Manager determines that rents in excess of those allowed by operation of this chapter have been charged to a tenant residing in an affordable unit, the City may take appropriate legal action to recover, and the project owner shall be obligated to pay to the tenant, or to the City in the event the tenant cannot be located, any excess rents charged. 8.68.110. Appeals. Decisions of the City Manager under this Chapter may be appealed as provided in Chapter 8.136. City of Dublin Zoning Ordinance 68.7 September, 1997 Revised March 2005 1u) 11~~ NEW BUSINESS Braddock and Logan Affordable Housing Proposal to Comply with Inclusionary Zoning Regulations for the Braddock and Lpgan Development at Fallon Village 10:34 p.m. 8.1 (430-80/450-20) Housing Specialist Julia Abdala presented the Staff Report and advised that the 11 property owners of the Fallon Village area have submitted a request for a Stage 1 Development Plan. At the same time, Braddock and Logan has submitted a request for a Stage 2 Development Plan and a Vesting Tentative Map for the Braddock and Logan property, consistinz of the northernmost 486 acres of Fallon Village. The Stage Z submittal is for the creation of 1,043 single-family units. Approval of a Stage Z Development Plan and Vesting Tentative Map will tri&ger the requirements of the City's Inclusionary Zoning Regulations. Staff is asking the Council to provide direction as to whether the City should: 1) Inform Braddock & Logan that the Council will not waive the requirements of the Inclusionary Zoning Regulations required by the proposal; or 2) By consensus, direct Staff to work with Braddock & Logan to l'efiJ1e the proposal including, in particular, the timing of construction of the proposed affordable units. Ms. Abdala noted that the Staff Report stated that Braddock & Logan did not own the Anderson property; however, she would like to clarify that they had an option on the property. Mayor Lockhart confirmed that the 26 integrated units would be single-family, and asked how many bedrooms and baths each unit would have. Ms. Abdala advised that they would be 3,..4 bedrooms because the ordinance required that affordable units be built similarly to the market rate. Vm. Zika asked how the Developer intended to insure that the 26 secondary units, 01' granny flats, were rented out to low income people, and could not envision that someone paying $600,000-$800,000 for a home and then rent out a granny unit to a low-income participant. Jeff Lawrence, Braddock & Logan, advised they did not envision that that would actually be the case. The size of the unit would dictate what could be charged for rent. In addition, the secondary granny flat unit was envisioned to be a product that did not exist DUBLIN CITY COUNCIL MINUTES VOLUME 24 REGULAR MEETING October 18, 2005 PAGE 398 www.ci.dublin.ca... s Attachment 4 12-111J1~ today in Dublin. It was envisioned to be something to provide an opportunity to the young people, a family member that wanted to stay in the City, to be home but have their own space as they got on their financial feet. Or, it would be available to a senior family member. The unit itself could not command a hu.ge rent and, therefore, provided. itself to a low~ and very..low opportunity for those people. Mayor Lockhart stated that. whether it was replacing somebody else's need for low income housing or a family member's needs for low income housing, it was still taking a senior out of the mix of needing senior housing or one young person out of the mix of going in with two or three other people to rent. Mr. Lawrence advised that the project was developed to provide three different prexiuct types to allow affordability. There were items brought up in the presentation that talked about landscaping and energy expenses, etc. Braddock & Logan has decided that it would be a good idea to complete the landscaping in the rear yards and provide some energy- saving appliances to cut costs, specifically in those units.. Instead of feeing their way out of it, they would provide an opportunity to build out 12.5% of the total units in a different, diverse product type that met different social needs. Vm. Zika disagreed, stating that it was an interesting plan but very far away from what Dublin's Housing Ordinance for workforce housing was designed and intended to do. em. Hildenbrand asked is Vm. Zika was referring to granny flats only. Vm. Zika stated yes, and advised that he was willing to work with the other ideas, but the granny units did not work for him. He would rather have the money so the City could build some adequate housing. Mayor Lockhart stated that she was always hearing complaints from constituents whose adult children could not afford to live in Dublin. This plan added a different element. It would allow parents to help their children get on their financial feet, as well as allow handicap and seniors citizens some independent living. Different alternatives for living in our community need to be offered. em. Hildenbrand concurred and stated that a variety of options, other than multi-unit, needed to be provided. The granny unit proposal almost addressed the controversial condominium conversion issue as an alternative option. She asked if the 88 unit apartment complex would be a mix of market rate and affol'(iable. ~ DlJBLIN CITY COUNCIL MINUTES VOI.lUME 24 REGULAR MEETING October 18, 2005 PAGE 399 www.ci.dublin.ca.lIs } 1-J-~ )'kh Mr. Lawrence advised that all of the units were proposed to be affordable. Braddock & Logan would own and operate the complex without state or local assistance. em. Hildenbrand objected to that plan, stating that it went against the Council's plan not to have an area where all of the affordable apartments could be identified. Mr. Lawrence advised that there was additional area on that property in order to accommooate more units, but it was not included as part of this prop:>sal because it was on the Anderson properly and part of the Stage Z plan. In preliminary design, they had the opportunity to build closer to 120-125 units at market rate. It was not part of the affordable proposal for tonight. em. Hildenbrand reiterated her concern about the apartment complex being grouped together and having residents stigmatized in that manner. She hoped that the second phase would have market rate around it to make it mixed in. Mr. Lawrence stated that there was additional area to accommodate additional units as market rate. The 88 units would be integrated within the 120-125 units. em. McCormick stated that the granny flats would meet a need. Vm. Zika reiterated his concern that the gt'anny unit idea did not meet the needs of the Inclusionary Housing Ordinance. em. Oravetz noted that the Affordable Housing Ordinance purposely induded the flexibility for a Developer to present different alternatives to meet the 12.5% requirement. This was a good plan that provided opportunities for many needs. City Manager Ambrose advised that the practical problem at hand was timing. As Staff went through the Toll projects, market rate units were not allowed to be released. until the affordable units were secured because they were not affordable until they were built and the City had the security it needed. If the majority of the Council were in support of the proposal, Staff would still need to work on the "belt and suspenders" with the Applicant to work something that satisfied the City's concerns and worked for the property owner. Mayor Lockhart suggested that Staff work with the Applicant to include the landscaping and energy-saving options on the 26 integrated units, which might set a precedent for other affordable projects. There would be opportunities for Staff to work with the DUBLIN CITY COUNCIL MINUTES VOLUME 24 REGULAR MEETING October 18, 2005 PAGE 400 www.ci.dublin.ca.us 1'0 1Ju,' Applicant regarding timJng issues, knowing that it was important to the Council to get those affordable units built as soon as possible. It was also important to enlarge the apartment product into a larger complex that dealt with people of all income levels. em. McCormick suggested that Green Building principles be used. On motion of Mayor Lockhart, seconded Cm. McCormick and by majority vote (Vrn. Zika opposed), the Council directed Staff to work with Braddock & Logan to: 1) refine their proposal to include landscaping the rear yards and using energy-efficient measures in the homes to bring down the cost of living; 2) work on timing issues and obtain necessary security; 3) study the feasibility of integrating the 88' affordable apartment units into a lar:ger project; and 4) incorporate green building principles, as practical. .. After Action Report on July 4, Z005 Public Safety Activities 11 :07 p.m. 8.2 (650-60) Assistant City Manager Joni Pattillo presented the Staff Report and advised that the City Council would recejve an informational report on the Public Safety Activities associated with the past July 4, 2005 holiday. There was a reduction in calls of service in 2005 compared to 2004. The Council commended Fire and Police Services for their attention to the safety of Dublin citizens during the holiday season. . Consideration of a Commemorative Inscription in Recognition of Col. James Doty, Camp Parks Commander 11:1Zp.m.8.3 (610-50) City Managel' Richard Ambrose presented the Staff Report and advised that Mayor lockhart requested that the City Council consider commissioning a commemorative inscription in recognitjon of outgoing Camp Parks Commander, Col. James Doty. The inscription, which would cost $100, would be engraved on a concrete bench leading up to the Public Safety Memorial located in the courtyard of the Civic Center. DUBLIN CITY COUNCIIJ MINUTES VOLUME 24 REGULAR MEETING October 18, 2005 PAGE 401 www.ci.duhlin.cfi.us I 'UJ ~}'),6 JII~ BRADDOCK & LOGAN SERVICES, INC. BUILDERS - DEVELOPERS ESTABLISHED 1947 P. O. BOX 5300 DANVILLE, CALIFORNIA 94526-1076 TELEPHONE (925) 736-4000 FACSIMILE (925) 648-5700 " April 11, 2007 Hand Delivered Jeff Baker Senior Planner City of Dublin 100 Civic Plaza Dublin, CA 94568 Re: Dear Jeff: Pursuant to the City Council meeting of October 18, 2005, Braddock & Logan obtained approval from the Council to proceed with an Affordable Housing Agreement that would work out minor details such as I) refine the proposal to include landscaping the rear yards and using energy-efficient measures in the homes to bring down the cost of living, 2) work on timing issues and obtain necessary security, 3) study the feasibility of integrating the 88 affordable apartment units into a larger project, and 4) incorporate green building principles, as practica1. In a meeting with all of Staff almost three months ago, we agreed that we would proceed forward with an Affordable Housing Agreement in two parts. The first part would deal with 26 SFD affordable units which would be located in Neighborhood A. The second part would deal with 26 secondary units and 88 offsite apartments units at a future date. After preparing a Site Plan, it became obvious that 26 Plan l's "Affordable Units" did not make sense. We looked for a solution. The solution was remove 13 Plan l' s and add 13 secondary units "Plan 3' s". We believe this would create a much better streetscape and provide an opportunity for the secondary units, which would be located in the most affordable product of this project, to help supplement the home buyer through rental income. MCEtVED APR 1 1 ZOO1 DUBLIN PLANNING Attachment 5 12-5 DJ)J~ April 11, 2007 Page 2 In order to do this, however, it is necessary to amend the Stage 1 P.D. as the Stage 1 P.D. recognizes secondary units to be placed on the 6000 square foot lots. Our proposal now is as follows: 13 Secondary units located in Cantara, Neighborhood A 13 SFD units located in Cantara, Neighborhood A Braddock & Logan's commitment to build 26 SFD units still exists. We will build the balance of the 13 SFD units in Neighborhood D2 as shown on the Phasing Exhibit & Neighborhood Lot Size Key exhibit attached hereto. The balance ofthe 13 secondary units will be built in conformance with the current Stage 1 on the 6000 square foot lots located in Neighborhood C on the Phasing Exhibit & Neighborhood Lot Size Key exhibit attached hereto. Additional exhibits are attached showing an overall site plan for Neighborhood A Cantara, which has 26 Plan 1 's, affordable SFD. There is a secondary site develop plan for Neighborhood A, which shows 13 Plan l' s affordable and 18 Plan 3' s, 13 of those 18 have secondary affordable units. Braddock & Logan is extremely hopeful that Staff will proceed with the site development review based upon the submittal of both site development plans prior to the Council meeting where the Stage 1 Amendment would be considered. I am extremely sorry for any inconvenience this might have caused Staff over the last few months and I am hopeful that this is a proposal that will be acceptable. Sincerely, awrence Vice President lUn Enclosures ~ito oS ~ 58 . , *,~ 'V ~ <~ " NOT APART 2 - 3-27-2007 13:49:21 > )33 < l(A~ { Required Parking. Resident Parking (2 spaces/unit) Resident Parking Secondary Units- in Driveway (1 space/unit) On-street Guest Parking (1 space/primary unit) = Total Required 144 spaces 13 spaces 72 spaces 229 spaces Parking Plan Summary Location Resident/Garage Guest/On-street Resident Second Driveway Total Proposed 144 97 Required 144 72 ary Units/ 13 254 13 229 Legend 11IIIII Guest Parking Space [E] Excess Parking Space * Secondary Unit Resident Parking Space - in Driveway CEEJ No Parking Zone ",/ Comer Visibility Area l' Fire Hydrant } 2-"h } 2-G Cantara at {Positano DUBLIN, CALIFORNIA BRADDOCK & LOGAN SERVICES, INC., 4155 BLACKIIAWK PLAZA CIRCLE. SUITE 201, DANVn.LE, CA 94506 TEL: (925)7364000 FAX: (925) 648~5701 SITE DEVELOPMENT REVIEW PARKING EXHIBIT March 2007 0' I ~ 50' 100' 200' I _i'... ~~~SURWlYlfrG ~ CA (mJ - 28-011O , . (" ~ : .), ,. ~ ... SHEET NUMBER P4 Attachme t 6 19319-0