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This Density Bonus Ordinance is intended to provide incentives for the production of housing for very low, lower income, or senior households in accordance with Sections 65913.4, 65915 and 65917 of the California Government Code. In enacting this Article, it is the intent of the City of San Leandro to facilitate the development of affordable housing and to implement the goals, objectives, and policies of the City's Housing Element. The regulations and procedures set forth in this Article shall be publicized by the City and shall apply throughout the City. Sections of the California Government Code referenced in this Article and application forms for complying with this Article, shall be available to the public. 6-3102 Definitions Whenever the following terms are used in this Article, they shall have the meaning established by this section: A. Additional Incentives means such regulatory concessions as specified in California Government Code Subsections 65915 (d) and (h) to include, but not be limited to, the reduction of site development standards or zoning code requirements, direct financial assistance, approval of mixed-use zoning in conjunction with the housing development, or any other regulatory incentive which would result in identifiable cost avoidance or reductions that are offered in addition to a Density Bonus. (See 6- 3108 of this Article.) B. Affordable Rent means monthly housing expenses, including a reasonable allowance for utilities, for rental Target Units reserved for Very Low or Lower Income Households, not exceeding the following calculations: 1. Very Low Income. 50 percent of the area median income for Oakland, California, Primary Metropolitan Statistical Area (PMSA), adjusted for household size, multiplied by 30 percent and divided by 12. 2. Lower Income: 60 percent of the area median income for Oakland, California PMSA, adjusted for household size, multiplied by 30 percent and divided by 12. C. Affordable Sales Price means a sales price at which Lower or Very Low Income Households can qualify for the purchase of Target Units, calculated on the basis of underwriting standards of mortgage financing available for the development. D. Approval Authority means a person or body that is authorized to approve the Housing Development as specified in the San Leandro Zoning Code. E. Density Bonus means a minimum density increase of at least 25 percent over the otherwise Maximum Residential Density. F. Density Bonus for Condo Conversion means a density bonus provision under Section 65915.5 of the Califomia Government Code. (See Article 24, Section 5-2418 of the San Leandro Zoning Code) G. Density Bonus Housing Agreement means a legally binding agreement between a developer and the City to ensure that the requirements of this Article are satisfied. The agreement, among other things, shall establish: the number of Target Units; their ORDINANCE NO. 2004017 Z