Laserfiche WebLink
ORDINANCE 2209 <br />ORDINANCE OF THE TOWN OF LOS GATOS <br />ADDING A NEW DIVISION 8 TO CHAPTER 29, ARTICLE I OF THE LOS GATOS <br />TOWN CODE ENTITLED "DENSITY BONUS (STATE MANDATED)" <br />WHEREAS, pursuant to California Government Code Section 65915, the Town is <br />required to adopt a density bonus ordinance that applies to housing developments that provide a <br />specified percentage of housing dedicated to and affordable to very low income, low income, <br />senior housing, and moderate income housing; and <br />WHEREAS, the Density Bonus Program provides incentives and concessions for <br />affordable housing projects to meet State mandated housing goals; and <br />WHEREAS, the Town of Los Gatos Density Bonus Ordinance will meet the <br />requirements under State law. <br />THE TOWN COUNCIL OF THE TOWN OF LOS GATOS DOES ORDAIN AS FOLLOWS: <br />SECTION I <br />Chapter 29, Article I, Division 8, entitled "Density Bonus (State Mandated)" is hereby <br />added to the Los Gatos Town Code, and shall read as follows: <br />CHAPTER 29 <br />ARTICLE I. In General <br />Division 8. State Mandated Density Bonus <br />29.10.405 Intent and Authority. <br />The density bonus ordinance in this chapter is intended to comply with the State <br />Density Bonus Law codified in California Government Code Section 65915 et <br />seq., which provides that a local governrneni shall grant a density bonus and an <br />additional concession, or financially equivalent incentive(s), to a qualified <br />housing development agreeing to construct a specific percentage of housing for <br />lower income households, very low income households, or senior housing as <br />defined by state law. <br />1 <br />