3A Public Hearing 2008 0303 - Laserfiche WebLink

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~-- ivv. iou r. ID Adopted 7/76/2001 -Effective 8/15/x001 (with amendments as of January 2008 City of San Leandro Zoning Code - Attiale 24 B. The role the apartment structure plays in the existing housing rental mar Particular emphasis w71 be placed on the evaluation of rental structures tb determine if the existing apartment complex is serving law- and moderate- income households; C, The .need and demand ~or~~fower-cost home ownership opportunities whit i are increased by the conversion of apartments to condominiums, ~ h 5-2418 Density Bonus for including Low- and Moderate-Income Housing Consistent with the requirements of Section 659(5.5 of the California Government Code, the City -shall offer a density bonus to condominium conversions including loirv- or moderate-income housing units or lower-income household units, approval to convert- apartments to a condominium project agrees to provide atleast ~i or three percent (33%} of the total units of the proposed condominium project to persons of low or moderate-income as defined In Section 50093 of the California Health and Safety Code or fifteen percent (15%) of the total units to lower-income households as defined in Section 50079.5 of the California Health and Safe Code, twenty-five percent (25%) density bonus or 2 ~ the Cfty shall either (1) grant a financial value. Any density bonus provided undep his Se~etionrshallnbeeo of egwvalent requirements of Section 2-566. g erred by the A. For purposes of this S®ctlon, "density bonus" means an increase in units of twenty-frve percent (25%) over the number of apartments to be provided within the existing structure or structures proposed for conversion, "Other incentives of equivalent financial value" shall not be construed to require the City to make any cash transfer payments or other monetary compensation to the sub-divider, but may include the reduction or waiver of any required fees or the condominium conversion standarcls prescribed in Section 5- 247 2. 6. An applicant shall be ineligible for a d®nsity bonus or other incenfives under this Secfion if the apartments proposed for conversion consi~tute a housing development for which a density bonus or provided under the provisions of Part WI, ~~~ ~~; nt financial incentive was 5 2420 Requjred Findings The Planning Commission shall conduct a public hearing on the application for a use pe~it~F;a-uoncFo,~~~iurn~cenvs.~;o~i: ;:,:~~ice:c~F•tFre hearing shall be~given in the ', specified in Section 5-22,Og, Additfona[ly, such not(ce shall be meted to ®ach ten • manner proposed project including a statement therein of the tenants right to appear and be heard. The Planning Commission shall approve, or cond~ionall a rove the us e ~~ if it determines that in addition to the ftndings required by Section 5-2212 the foi oe~~ requirements are met: I wing AR.24 Page 15 of 17 ~_ : -