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<br /> Honorable Pete Hoffmann <br /> Chair and Presiding Officer <br /> and Members of the County Council <br /> COUNTY COUNCIL <br /> Page 5 <br /> March 8, 2007 <br /> affordable housing requirement at the time of final subdivision approval for the rezoned <br /> area provided that in that case the applicant shall be required to earn one affordable <br /> housin>; credit for every eieht full-time equivalent fobs created based on ten full-rime <br /> equivalent jobs per acre. " <br /> Amend section 11-6(c) to read as follows: <br /> "(c) The in-lieu fee for each required affordable [dwelling unit] housin>; credit for <br /> resort[,]and hotel[,and industrial] uses shall be twenty five percent of. the median sales <br /> price for asingle-family home in the tax map zone containing the project, in the previous <br /> calendar year, minus the affordable price for households earning one hundred twenty- <br /> percent ofthe median." <br /> Add a new subsection 11-6(e) to read as follows: <br /> "(e) The in lieu fee for each required affordable housing credit for industrial uses shall be <br /> ten percent of• the median sales price for a sinele-family home in the tax map zone <br /> containingthe proiect in the~revious calendar year minus the affordable pace for <br /> households earni ~ one hundred twenty-percent of the median " <br /> Sincer~, <br /> l ~ <br /> CHRISTOPHER J. <br /> Planning Director <br /> CJY:pak <br /> Wpwin60/Chris 07/Hoffmann -Bill 156 -Affordable Hsg. Req. for Industrial Park Developments <br /> cc: Mayor Harry Kim <br /> Office of Housing and Community Development <br /> Corporation Counsel <br /> <br />