(A) The request for density bonuses or alternatively "other incentives of equivalent financial value" in association with the conversion of rental units to condominium units shall be in conformance with the applicable and mandated provisions of Cal. Gov't Code, Planning and Zoning Law Chapter 4.3: Density Bonuses and Other Incentives. The city shall retain the discretion whether to implement any optional or discretionary provisions of Cal. Gov't Code, Planning and Zoning Law Chapter 4.3: Density Bonuses and Other Incentives.
(B) The approval process for density bonuses outlined in this chapter shall apply to condominium density bonuses. A preliminary application request for density bonus for additional units or for "other incentives of equivalent financial value" shall be subject to the approval of the Planning Commission and City Council. The procedures for implementing the density bonus through a density bonus agreement as outlined in this chapter shall apply to condominium density bonuses.
(Ord. 1070-C-S, passed 6-13-06)