Common use of Hotel and Other Commercial Development Affordable Housing Requirement Clause in Contracts

Hotel and Other Commercial Development Affordable Housing Requirement. The development of any hotel within the FDP Properties shall be classified as a commercial use subject to the Town’s workforce housing impact fee then being assessed against commercial uses at the time of permitting, with the intent and understanding that JAC or its assigns will deliver workforce housing (or cash in lieu) to offset 30% of the estimated additional workforce needed to staff the hotel. The development of any other commercial space within the FDP Properties will be subject to the workforce housing impact fee then being assessed against commercial uses at the time of permitting that commercial use.

Hotel and Other Commercial Development Affordable Housing Requirement. The development of any hotel within the FDP Properties shall be classified as a commercial use subject to the Town’s workforce housing impact fee then being assessed against commercial uses at the time of permitting, with the intent and understanding that JAC or its assigns will deliver workforce housing (or orbut not cash in lieu) to offset 30% of the estimated additional workforce needed to staff the hotel. The development of any other commercial space within the FDP Properties will be subject to the workforce housing impact fee then being assessed against commercial uses at the time of permitting that commercial use.

Hotel and Other Commercial Development Affordable Housing Requirement. The development of any hotel within the FDP Properties shall be classified as a commercial use subject to the Town’s workforce housing impact fee then being assessed against commercial uses at the time of permitting, with the intent and understanding that JAC or its assigns will deliver workforce housing (or but not cash in lieu) to offset 30% of the estimated additional workforce needed to staff the hotel. The development of any other commercial space within the FDP Properties will be subject to the workforce housing impact fee then being assessed against commercial uses at the time of permitting that commercial use.