§ 125.76 AFFORDABILITY COMMITMENT.
   Pursuant to F.S. § 166.04151(7), at least 40% of the multi-family residential shall remain affordable, as defined in F.S. § 420.0004, for a period of at least 30 years. This requirement shall be incorporated as a condition into any administrative approval. Furthermore, as a prerequisite to the issuance of a building permit, the shall execute and deliver to the for recordation in the public records, on a form approved by the , a covenant, declaration of restriction, or other deed restriction in favor of the ensuring compliance with this affordability requirement.
(Ord. 2023-09, passed 7-5-2023)