Affordable Housing Obligation. Because of the special benefits provided by the Project as described in this Agreement, the City has provided the Project with a variance from its affordable housing obligations as permitted by the Balanced Communities Policy and Guidelines. The Project shall hereafter satisfy its affordable housing obligations by the following two requirements:
Affordable Housing Obligation. Developer shall satisfy its affordable housing obligation in accordance with the Resolution by constructing two units (a one-bedroom unit and a three-bedroom unit) in the project as specified on the Site Plan.
Affordable Housing Obligation. 22 9.4 Parcel 5B4 Ski Trail........................................23 9.5 SPLC Ski Credits............................................23 9.6 New Village Master Management Agreement.....................24 9.7 Restrictions on Future Developments of Killington Property..24 9.8 Taxes.......................................................24
Affordable Housing Obligation. Pursuant to that certain Agreement with Rutland West Neighborhood Housing Services, Inc. for Payments Related to Providing Affordable Housing (the "Affordable Housing Agreement") dated December 24, 1999, by and between Rutland West Neighborhood Housing Services, Inc. ("Rutland West"), ASCRP and Killington, the ASC Parties agreed to pay certain fees to Rutland West to be used by Rutland West to provide affordable housing to residents of Rutland County, Vermont. Notwithstanding anything in the Affordable Housing Agreement to the contrary, SPLC agrees to pay such fees only to the extent such fees relate to the SPLC Property and Killington agrees to pay such fees only to the extent such fees relate to the Killington Property. Killington and SPLC agree to cooperate with one another in obtaining a formal amendment to the Affordable Housing Agreement with Rutland West to clarify that Killington is only liable for such fees that are applicable to the Killington Property and SPLC is only liable for such fees that are applicable to the SPLC Property.
Affordable Housing Obligation. The Project is a fully commercial project and therefore, no affordable housing will be constructed on the Property. The Redeveloper, in fulfillment of its obligation to provide for Affordable Housing, shall make the applicable contribution to the Township’s Affordable Housing Trust Fund. The contribution shall be calculated and provided in accord with the provisions of the Township Code Article XXXVI. “Development Fees” (§57-164.E), as such provisions may be amended from time to time.
Affordable Housing Obligation. If Developer transfers any portion of the Project that is subject to the burden of this Agreement, the City, at its sole discretion, may release the portion so transferred of the burden of this Agreement as to such transferred portion, if the Development Services Director determines that: 1) such portion has complied with the requirements of this Agreement; or 2) other land within Village 8 West will accommodate Developer’s duty to satisfy the Developer’s Affordable Housing Obligation.
