§ 8116-10.5.1. Approval authority.

If the requirements of Section 8116-10.1 are met, the decision-making body for the condominium conversion project application is authorized to grant an application for a density bonus or other incentives of equivalent financial value, subject to Section 8116-10.5.2. Reasonable conditions may be placed on the granting of a density bonus or other incentives of equivalent financial value that are found appropriate, including, but not limited to, entering into an affordable housing agreement pursuant to Section 8116-9 which assures continued affordability of units to subsequent purchasers who are persons and families of moderate income households or low income households. (Government Code Section 65915.5(a).)

(Ord. No. 4455, § 7, 10-22-2013)