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WHEREAS, in order to be eligible for the benefits of the AHOZ, the application must <br />meet the intent of the AHOZ and the affordability ratios contained in this ordinance; <br />WHEREAS, for each of the five properties where the AHOZ will be applied, the <br />property owner may develop consistent with the AHOZ standards and regulations contained in <br />this ordinance or in the manner provided by the underlying zoning of each site, but not both; <br />WHEREAS, the Town's General Plan Committee considered the AHOZ goal, <br />development standards, and concessions during 11 publically noticed meetings that occurred <br />between November 2011 and August 2012 and ultimately recommended approval to the <br />Planning Commission and Town Council; and <br />WHEREAS, on January 22, 2013, the Town Council directed the General Plan <br />Committee to re- consider the original list of 41 AHOZ sites for AHOZ designation; and <br />WHEREAS, the General Plan Committee held seven additional publicly noticed <br />meetings from February 27, 2013 to September 25, 2013, to review and select new AHOZ sites, <br />revised Design Guidelines and associated development criteria; and <br />WHEREAS, the General Plan Committee received extensive public testimony from <br />Town residents, property owners, and the general public regarding the potential AHOZ sites and <br />appropriate development criteria; and <br />WHEREAS, the proposed ordinance reflects the recommendations of the General Plan <br />Committee to the Planning Commission and Town Council; and <br />M1 UMBU M2106Zo11Jffitwelm "MES IJ1 colarellue- VUE8I.1 A)"D AI11� M- IMSIVESMIS <br />SECTION I <br />Chapter 29, Article VIII, Division 5, entitled "Affordable Housing Overlay Zone" is <br />hereby added to the Los Gatos Town Code, and shall read as follows: <br />2 <br />