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Large scale planned unit developments will be allowed in all R-1, R-2, and RA-1 zoning districts provided that a parcel has a minimum of five acres and is owned by one continuous property owner. The standard allowable density shall be six dwellings per acre, up to a maximum of eight units per acre utilizing the additional open space alternative or the affordable housing density bonus alternative. At least forty percent of the gross area of the planned unit development shall be retained in permanent open space. Parks, playgrounds, sidewalks, nonmotorized pathways and trails may be computed in the forty percent open space requirement. Land proposed to be devoted to vehicular streets or roads, parking, and driveways, shall not be included in the computation of open space, park or playground areas.

A. Additional Open Space Alternative. For large scale planned unit developments, the Planning Commission may approve a density bonus over and above the standard density otherwise allowed if the petitioner increases the percentage of open space provided in the development according to the following formula:

% of Area Used as Open Space

Bonus Units to be Used for Open Space

Over 50% open space

1 additional dwelling unit (7 maximum)

Over 60% open space

2 additional dwelling units (8 maximum)

The petitioner shall enter into an agreement with the City ensuring that the area remain in open space for set period of time agreeable to the City, and shall provide any other insurance required by the City to guarantee that the intent of the ordinance codified in this chapter is achieved.

B. Affordable Housing Bonus Density Alternative. The Planning Commission may approve additional units per acre over and above the standard density otherwise allowed in a planned unit development if the petitioner increases the number of affordable housing units according to the following formula:

% of Area Median Income

Bonus Units to be Used for Affordable Housing

60

2 out of 8 dwelling units

80

3 out of 8 dwelling units

C. Every affordable housing unit shall be sold or conveyed pursuant to a deed restriction (covenant) containing the following requirements:

1. The purchaser must qualify with verified income meeting affordable housing guidelines;

2. Each unit must be owner-occupied for at least the first five years, and no individual shall be entitled to own more than one affordable unit;

3. Appreciation in value over purchase cost of each residential unit shall be capped at four percent per annum;

4. The City shall be designated as a necessary grantor in every conveyance of an affordable housing unit;

5. Leasing shall be permitted no sooner than five years from the date of purchase, with lease rates being no greater than the amount of the monthly first mortgage payment, plus ten percent; and

6. The City shall be designated as a third-party beneficiary entitled to enforce, enjoin, or seek damages for violations of the deed restrictions.

D. The City may require additional deed restrictions to affordable housing units incident to approval of the final plat/plan to the extent dictated by the attributes of the particular development, lender requirements, or state or federal regulations. (Ord. 99-06 (part), 1999)