Loading...
HomeMy WebLinkAboutOrd 17201 2 3 4' 5' 6' 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 ORDINANCE No. 1720 ORDINANCE OF THE CITY OF BURLINGAME CLARIFYING INCLUSIONARY ZONING REQUIREMENTS The CITY COUNCIL of the CITY OF BURLINGAME does hereby ordain as follows: Section 1. Purpose. In July 2003, the City adopted inclusionary zoning requirements to enhance the City's housing stock and to advance the City's General Plan Goals of a diverse and sustainable community. This ordinance is intended to make clear that the arrangements through which affordable units can be preserved is a matter for private negotiation and innovation. Section 2. Anew Section 25.63.070 is added to read as follows: 25.63.070 Sales Contracts and Agreements. Nothing contained in this chapter shall be interpreted to prevent or prohibit persons from entering into any contract or agreement for sale or acquisition, such as a contract or agreement or other arrangement, that provides for a first right of refusal upon sale of a dwelling unit, for equity sharing, for a right of reentry, or for other means by which a developer or owner of the dwelling unit seeks to secure its investment and a fair return while at the same time ensuring the affordability of the unit in conformance with this chapter. The city intends to only affect the freely transferrable rights in real property insofar as reasonably necessary as defined in this chapter. Section 3. This ordinance shall be published as required by law and become effective sixty (60) days after adoption.. ayor I, ANN T. MUSSO, City Clerk of the City of Burlingame, do hereby cert ify that the foregoing ordinan ce was introduced at a regular meeting of the City Council held on the 4`" day of August, 2003, and adopted thereafter at a regular meeting of the City Council held on the 2nn day 7/16/2003 Page 1 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 of September, 2003, by the following vote: AYES: COUNCILMEMBERS: BAYLOCK, COFFEY, GALLIGAN, JANNEY, O'MAHONY NOES: COUNCILMEMBERS: NONE ABSENT: COUNCILMEMBERS:NONE u t- , }� i,t.X City Clerk 5:\Ordinances\ord1720.ord.wpd 7/16/2003 Page 2