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<br /> Pete Hoffmann, Council Chair <br /> and Council Members <br /> April 17, 2007 <br /> Page 2 <br /> rezoned area must satisfy an affordable housinc <br /> requirement. <br /> ii At the time of plan approval, pursuant to section 11-9(b), <br /> the affordable housing requirement shall be based upon <br /> ten full-time equivalent iobs per acre, or one per 1,000 <br /> square feet of cross floor area, whichever is Greater, <br /> provided that the administrator, after consultation with <br /> the planning director, shall adiust the number of iobs <br /> based on proof that the actual number of iobs created will <br /> deviate from this standard, and provided that in that case, <br /> the affordable housinc reauirement shall be reassessed if <br /> the use is chanced. <br /> iii The applicant may also satisfy the affordable housinc <br /> re~c uirement at the time of final subdivision approval for <br /> all or a portion of the lots created within the rezoned area, <br /> provided that in that case, the applicant shall be required <br /> to earn one affordable housinc 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 Alan for satisfyinG an <br /> affordable housinc requirement, it shall have an <br /> opportunity to demonstrate that current economic <br /> and housinc conditions in the recion surroundinG its <br /> development do not warrant the imposition of the <br /> above-stated Generalized requirements. The <br /> administrator and County housinc acency shall <br /> consider such conditions in determininG whether <br /> lesser requirements are warranted because of a lower <br /> demand created by that particular development or <br /> because of sufficient supply in the area. The <br /> administrator and County housinc acency shall also <br /> take into account the extent to which the imposition of <br /> these requirements on private industrial <br /> developments and not upon exempted State industrial <br /> lands that may create an unequal competitive <br /> situation for new development." <br /> JY/dwe <br /> <br />