RECOMMENDATION(S):
APPROVE and AUTHORIZE the Conservation and Development Director, or designee, to execute an inclusionary housing agreement, requiring the construction and sale of 41 affordable units and payment of an in-lieu fee in the amount of $24,200.22, for the Pantages Bay Project, a 277-unit for-sale housing development in the Discovery Bay area.
FISCAL IMPACT:
There is no cost to the County for entering into the Agreement. If approved, the County will realize a proportional share of the appreciation in value of each of the inclusionary homes if and when they are transferred to a non-income qualified buyer.
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