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HomeMy WebLinkAbout2669 Amends AMC 18.88.040BORDINANCE NO. 2669 AN ORDINANCE AMENDING THE ASHLAND MUNICIPAL CODE -- LAND USE ORDINANCE -- PERFORMANCE STANDARDS OPTIONS FOR SUBDIVISIONS DEVELOPMENT WITH RESPECT TO DENSITY BONUS POINTS AND AFFORDABLE HOUSING -- AMC 18.88.040B. THE PEOPLE OF THE CITY OF ASHLAND DO ORDAIN AS FOLLOWS: SECTION 1. Chapter 18.88, "PERFORMANCE STANDARDS OPTIONS" of the Ashland Municipal Code shall be amended, with Section 18.88.040 B.2. and 18.88.040B.3.d. specifically amended to read as follows: "18.88.040 Performance Standards for Residential Developments. Bonus Point Calculations 2. The maximum bonus permitted shall be 60%. The following bonuses shall be awarded: d. Affordable Housing - for every percent of units that are affordable, an equivalent percentage of density bonus shall be allowed. Affordable Housing bonus shall be for residential units that are affordable for moderate income persons in accord with the standards established by resolution of the Ashland City Council and guaranteed through procedures contained in the resolution. Maximum bonus of 35%." The foregoing Ordinance was first read on the 7th day of April, 1992 and duly PASSED and ADOPTED this 21st day April, 1992. R~ssell C~adick, Jr;~/ ~cting City Recorder SIGNED and APPROVED this ~O day of ~~ , 1992 . Pat Acklin Acting Mayor Approved as to form: Paul Nolte City Attorney d\cc\new. ord\a f ford. bon