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4. Provisions and/or documents for resale restrictions, deeds of trust, rights of first refusal or rental restrictions; 5. Provisions for monitoring the ongoing affordability of the units, and the process for qualifying prospective resident Households for income eligibility. D. Recording of Agreement. Inclusionary Housing Agreements that are acceptable to the Community Development Director must be recorded against owner-0caapied Indusionary Units and residential projects containing rental Indusionary Units. Additional rental or resale restrictions, deeds of trust, rights of first refusal and/or other documents acceptable to the Community Development Director must also be recorded against owner-occupied Inclusionary Units. In cases where the requirements of this Article are satisfied through the development of Off-Site Units, the Inclusionary Housing Agreement must simultaneously be recorded against the properly where the Off-Site Units are to be developed. 6-3016 Off~ite Alternatives. A. Developer Proposal. A Developer may propose and the Approval Authority may approve an alternative means of compliance with an Inclusionary Housing Plan as provided in Section 6-3014(b) which may include, but is not limited to the following provisions: Off-Site Construction. Inclusionary Units may be constructed off-site if the Inclusionary Units will be located in an area where the Approval Authority finds that, based on the availability of affordable housing, the need for such units is equal or greater than the need in the area of the proposed development. 2. Land Dedication. In lieu of building Indusionary Units, a Developer may choose to dedicate to the City land suitable for the construction of Indusionary Units as determined by the Approval Authority. The site must be suffident to allow construction of the required Indusionary units plus ten percent. Infrastructure, such as sewer, water, and utilities, must be adjacent to the property. 3. Credit Transfers. In lieu of building Indusionary Units, the Developer may contribute funds to another project for the purpose of increasing the production of affordable units within said project. The Approval Authority will determine the credit that the developer may receive for the total number of affordable units produced over and above the number of Indusionary Units that would otherwise be required for said project. 4. In-lieu Fee. The Approval Authority may accept an in-lieu fee to partially satisfy the Inclusionary requirement when such fee payment is combined with one or a combination of the above alternatives. ORDINANCE NO. 2004-023 13