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3. Provision of developable land; 4. Provision of infrastructure/services; or 5. Any other means which are approved by the County Housing Agency The implementation plan to satisfy the affordable housing requirements must be approved by the County Housing Agency prior to the issuance of any residential building permit for the overall project. Ordinance No. 98-1 further states that the Housing Policy supercedes all previous affordable housing requirements . Further, that any affordable housing condition or portion thereof in a prior rezoning ordinance which has not been fully satisfied as of January 7, 1998 (date of adoption of Ord. No. 98-1), may be re-assessed, pursuant to this policy upon the initiation of the person or entity that must satisfy that housing condition. Other Parker Ranch Residential Projects Parker Ranch is currently developing and will continue to develop lands that it owns outside of the Parker Ranch 2020 Project area, for residential and other purposes. A portion of these residential developments may be used by Parker Ranch to provide opportunities for their employees to own their own property through the Parker Ranch Employee Land Benefit Program. Included in these properties is the proposed development of TMK: 6-4-01: portion of 42 where Parker Ranch, Inc. is proposing to develop a 24-lot residential subdivision. Of these lots, a total of 16 are proposed to be offered to its employees as part of the Ranch's Employee Land Benefit Program and are intended to be credited against the affordable housing requirements of the Parker Ranch 2020 Project as required by Ordinance No. 96-117. Parker Ranch understands that the County Affordable Housing Policy, as contained in Ordinance No. 98-1 will apply to these future rezonings. Accordingly, Parker Ranch is requesting that to the extent that the residential or agricultural lots are set aside for Parker Ranch employees who meet the prevailing income criterion for an affordable home pursuant to its Employee Land Benefit Program, no other affordable housing requirements be imposed on those lots. Parker Ranch 2020 Project Housing Plan Parker Ranch is proposing to address its affordable housing requirement for the Parker Ranch 2020 Project as well as other residential developments outside of the Parker Ranch 2020 Project area as follows: 1. Parker Ranch will provide affordable housing opportunities equivalent to ten percent (10%) of the total residential units proposed in the Single Family Residential (RS) and Multiple-Family Residential (RM) zoned districts. These affordable housing units will be priced in a manner to ensure that they are Parker Ranch 2020 Project Housing Plan June 18, 2000 Page No. 4