A. When an applicant proposes to construct an eligible residential development project as defined in section 18.228.020 of this chapter, and includes a childcare facility that will be located on the premises of, as part of, or adjacent to, the project, the city shall grant either of the following:
1. An additional density bonus that is an amount of square feet of residential space that is equal to or greater than the amount of square feet in the childcare facility.
2. An additional incentive or concession that contributes significantly to the economic feasibility of the construction of the childcare facility.
B. The city shall require, as a condition of approving the housing development, that the following occur:
1. The childcare facility shall remain in operation for a period of time that is as long as or longer than the period of time during which the density bonus units are required to remain affordable pursuant to section 18.228.040 of this chapter.
2. Of the children who attend the childcare facility, the children of very low, lower and moderate income households shall equal a percentage that is equal to or greater than the percentage of dwelling units that are required for very low, lower or moderate income households pursuant to subsection 18.228.020B of this chapter.
C. Notwithstanding subsections A and B of this section, the city shall not be required to provide a density bonus or incentive for a childcare facility if it finds, based upon substantial evidence, that the community has adequate childcare facilities. (Ord. 2762, 2012)