9.47.060: ADDITIONAL DENSITY BONUS THROUGH DONATION OF LAND:
When an applicant for a tentative subdivision map, parcel map, or other residential development approval donates land to the town, as provided for in this section, the applicant will be entitled to a fifteen percent (15%) increase above the otherwise maximum allowable residential density under the applicable zoning and the land use element of the general plan for the entire development, as follows:
Percentage Very Low Income
Percentage Density Bonus
Percentage Very Low Income
Percentage Density Bonus
10
15
11
16
12
17
13
18
14
19
15
20
16
21
17
22
18
23
19
24
20
25
21
26
22
27
23
28
24
29
25
30
26
31
27
32
28
33
29
34
30
35
 
   A.   This increase will be in addition to any increase in density mandated by subsection 9.47.020C of this chapter.
      1.   All density calculations resulting in fractional units will be rounded up to the next whole number.
      2.   Nothing in this section will be construed to enlarge or diminish the authority of the town to require a developer to donate land as a condition of development.
   B.   An applicant will be eligible for the increased density bonus described in this section if all of the following conditions are met:
      1.   The applicant donates and transfers the land no later than the date of approval of the final subdivision map or parcel map or residential development application.
      2.   The developable acreage and zoning classification of the land being transferred are sufficient to permit construction of units affordable to very low income households, in an amount not less than ten percent (10%) of the number of residential units of the proposed development.
      3.   The transferred land is at least one acre in size or of sufficient size to permit development of at least forty (40) units, has the appropriate general plan designation, is appropriately zoned for development as affordable housing, and is or will be served by adequate public facilities and infrastructure.
         a.   The land shall have appropriate zoning and development standards to make the development of the affordable units feasible.
         b.   No later than the date of approval of the final subdivision map, parcel map, or of the residential development, the transferred land shall have all the permits and approvals, other than building permits, necessary for the development of the very low income housing units on the transferred land, except that the local government may subject the proposed development to subsequent design review, to the extent authorized by California Government Code section 65583.2(i), if the design is not reviewed by the town prior to the time of transfer.
      4.   The transferred land and the affordable units will be subject to a deed restriction ensuring continued affordability of the units consistent with subsections 9.47.020E1 and E2 of this chapter, which restriction will be recorded on the property at the time of transfer.
      5.   The land is transferred to the town or to a housing developer approved by the town. The town may require the applicant to identify and transfer the land to such housing developer.
      6.   The transferred land shall be within the boundary of the proposed development or, if the town agrees, within one-fourth (1/4) mile of the boundary of the proposed development. (Ord. 254, 12-16-2014)