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REVISED <br />BROADMOOR VILLAGE INCLUSIONARY HOUSING PLAN <br /> <br />Gloria Terrace, LLC shall be referred to as “Developer”. The City of San Leandro shall be <br />referred to as “City”. The Broadmoor Village Development shall hereby be referred to as <br />“Broadmoor Village”. <br />1. Broadmoor Village is located West of HY 580 at the corner of MacArthur <br />Boulevard and Herma Court (APN’s 76-311-1-1, 76-311-3, 76-311-1-3, 76-311-4, <br />76-311-5). Broadmoor Village will consist of 20 townhome condominiums. <br />There will be three plan types and each plan’s square footages are designated on <br />the included Project Data, Exhibit “A”. According to Ordinance #6-3006, the City <br />requires a 20-unit project to have two moderate-income affordable units and <br />one low-income affordable unit available for sale; or one low income affordable <br />unit and two very low income affordable units available for rent. <br /> <br />2. The Developer has designated the affordable units as Unit 7, Plan 1; Unit 17, Plan <br />2; Unit 20, Plan 3 (See attached Exhibit “B”). Floor plans of affordable units in <br />the building setting has been included as Exhibit “C”, and fron t/rear elevations of <br />affordable units in the building setting has been included as Exhibit “D”. <br /> <br />3. Developer has designated three housing units in Broadmoor Village (i.e. units 7, <br />17, 20) to be marketed and made available for sale as follows: <br />Lots 17 and 7 to be marketed and made available for sale to Moderate <br />Income Households. <br />Lot 20 to be marketed and made available for sale to Low Income <br />Households. <br />The low income housing units will be made available to families whose gross <br />income does not exceed 80% of the Area Median Income. The moderate <br />income housing units will be made available to families whose gross incomes <br />do no exceed 120% of the Area Median Income. Household size will be for a <br />family of 4. <br />4. Developer shall execute an instrument or agreement approved by the City <br />restricting the sale of the Owner Occupied Inclusionary Units in accordance with <br />Ordinance 6-3022. <br /> <br />5. Not Applicable <br />6. Not Applicable <br />7. Not Applicable <br />8. Not Applicable <br /> <br />74