For residential developments providing inclusionary units on-site, an inclusionary housing agreement is required. Such agreement, which shall include provisions and terms for meeting the requirements of this article, shall be approved by the city manager and city attorney, and recorded as a deed restriction against the property prior to issuance of either a grading or building permit, whichever comes first. (Ord. 19-O-2797, 12-17-2019; amd. Ord. 20-O-2823, eff. 11-10-2020; Ord. 21-O-2850, eff. 11-26-2021)