Upon application by a developer and for good cause shown, the Planning Director may, but is not required to, allow a developer to delay construction of inclusionary housing units. Any such approval is conditioned upon the developer providing sufficient security, in a form approved by the City Attorney, to insure performance under this chapter. Without limitation, good cause may include funding restrictions for projects involving nonprofit corporations or use of public agency monies.
(Ord. 1142, passed 11-7-05)