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At the time of rezoniny, the potential iob veneration shall <br /> be assumed to be ten full-time equivalent iobs per acre to <br /> determine whether subsequent development within the <br /> rezoned area must satisfy an affordable housiny <br /> requirement. <br /> ii At the time of plan approval, pursuant to section 11-9(b), <br /> the affordable housiny requirement shall be based upon <br /> ten full-time equivalent iobs per acre, or one per 1,000 <br /> square feet of yross floor azea, whichever is yreater, <br /> provided that the administrator, after consultation with <br /> the planniny director, shall adiust the number of iobs <br /> based on proof that the actual number of iobs created will <br /> deviate from this standazd, and provided that in that case, <br /> the affordable housiny requirement shall be reassessed if <br /> the use is chanyed. <br /> iii The applicant may also satisfy the affordable housiny <br /> requirement at the time of final subdivision approval for <br /> all or a portion of the lots created within the rezoned azea, <br /> provided that in that case, the applicant shall be required <br /> to earn one affordable housiny credit for every ten full- <br /> time equivalent iobs created, based on ten full-time <br /> equivalent iobs per acre. <br /> iv When an applicant presents its plan for satisfvinv an <br /> affordable housing requirement, it shall have an <br /> opportunity to demonstrate that current economic and <br /> housiny conditions in the reyion surroundiny its <br /> development do not warrant the imposition of the above- <br /> stated yeneralized requirements. The County housiny <br /> ayency shall consider such conditions in determininy <br /> whether lesser requirements aze warranted because of a <br /> lower demand created by that particulaz development or <br /> because of sufficient supply in the area. The County <br /> housiny ayencv shall also take into account the extent to <br /> which the imposition of these requirements on private <br /> industrial developments and not upon exempted State <br /> industrial lands that may create an unequal competitive <br /> situation for new development." <br /> SECTION 3. Upon passage of this ordinance, the Revisor of Ordinances shall insert in <br /> section 11-4(d)(2)(B), the effective calendar date of this ordinance in place of the phrase "(the <br /> <br /> effective date of this ordinance)." <br /> 2 <br /> <br />