§ 30-691.5. Phasing of development.

On any site where dwelling units are to be developed in phases, affordable dwelling units intended to qualify for density bonus features shall be developed in accordance with the following provisions:

(1)

Phasing plan. A phasing plan describing the phasing of construction of affordable dwelling units and market rate dwelling units shall be submitted with the plan of development.

(2)

Certificates of use and occupancy. Certificates of use and occupancy shall not be approved for more than 50 percent of the market rate dwelling units constructed on the site until certificates of use and occupancy are approved for at least 50 percent of the affordable dwelling units constructed on the site. Certificates of use and occupancy shall not be approved for more than 80 percent of the market rate dwelling units constructed on the site until certificates of use and occupancy are approved for 100 percent of the affordable dwelling units constructed on the site.

(Code 2004, § 114-691.5; Ord. No. 2007-187-203, § 1, 9-10-2007)

(Code 2004, § 114-691.5; Ord. No. 2007-187-203, § 1, 9-10-2007)