§ 8116-10.1. Requirements for density bonus or incentive for condominium conversion projects.

When an applicant to convert apartments to a condominium project agrees to provide at least thirty-three (33) percent of the total units of the proposed condominium project to persons and families of moderate income households or fifteen (15) percent of the total units of the proposed condominium project to low income households, and agrees to pay for the reasonably necessary administrative costs incurred by the County pursuant to this Section, the County shall either:

(a)

Grant a density bonus or

(b)

Provide other incentives of equivalent financial value. (Government Code Section 65915.5(a).)

(Ord. No. 4455, § 7, 10-22-2013)