§ 17.704.080 — Density bonus housing agreement

17.704.080 Density bonus housing agreement.

A. As a condition of approval of any density bonus, incentive or concession, or waiver or reduction of development standards, the applicant shall enter into an agreement with the city, the housing authority acting on behalf of the city, or the Capitol Area Development Authority that is binding upon the applicant and all successors in interest to ensure compliance with state density-bonus law. B. The agreement required by subsection A above must be recorded on the parcel or parcels designated for the construction of the units that will be reserved for sale or rent to, and affordable to, very-low-, lower-, or moderate-income households, or qualifying senior citizen residents. The agreement must be executed and recorded before the final map is approved by the city or if a map is not being processed, before issuance of any building permits for the housing development. (Ord. 2024-0053 § 3 (part))