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Agenda - 10-14-2008 - 2
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Agenda - 10-14-2008 - 2
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10/15/2008 4:27:39 PM
Creation date
10/15/2008 4:25:19 PM
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BOCC
Date
10/14/2008
Meeting Type
Work Session
Document Type
Agenda
Agenda Item
2
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Minutes - 20081014
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\Board of County Commissioners\Minutes - Approved\2000's\2008
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46 <br />bedroom units, by substituting a $75,000 payment-in-lieu per <br />one-bedroom unit decrease. The amount of the payment in <br />lieu shall be determined by the County Manager and the <br />Zoning Officer with assistance from the Designated Entity (or <br />its successor). The payment-in-lieu amount, which in <br />October 2008 is $75,000, will be the amount necessary to <br />subsidize an affordable housing unit at the time a decision is <br />made to make apayment-in-lieu. Prior to the issuance of a <br />building permit for the applicable District, BRA shall provide <br />any required payment-in-lieu into a County affordable <br />housing acquisition fund. <br />This option may not be approved by the County Manager and the <br />Zoning Officer if the total number of affordable units within the <br />development are less than 10% in any District. <br />c) The determination of eligibility of the owners; <br />d) Marketing of the dwelling unit(s); <br />e) Setting the rates of the units; <br />f) Adequate assurances that the designated. units will remain <br />affordable in perpetuity; <br />g) Monthly condominium fees and utilities minimized by a transfer fee <br />that requires a percentage of the sale of every unit (not to exceed <br />1 %) to be put into a special fund for this purpose; <br />h) Pricing of the affordable units shall be subject to County Manager <br />approval prior to issuance of a Zoning Compliance Permit; <br />i) .Transfer fees associated with the sale/resale of properties are to be <br />placed in a segregated fund of the Designated Entity for the <br />specific purposes of first paying condominium and landowner <br />association dues for persons who acquire the affordable housing; <br />any excess funds go to the Designated Entity (or its successor) for <br />the maintenance of affordable dwellings in BV and for other uses in <br />support of affordable housing. Details of the, fund shall be <br />approved by the County Manager; <br />j) BRA shall be responsible for: <br />Providing vehicular and pedestrian access to the units, <br />Providing any necessary cross-access easement <br />agreements allowing for access to the units, <br />
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