Agenda - City of Santa Monica

2.6.1 Significant Project Features. Set forth below in this Section 2.6.1
are the significant project features that will be provided to the City: (i) increased tax
revenues; (ii) aesthetic enhancement to the Downtown Core with development of a welldesigned
mixed use development; (iii) an estimated one-hundred (100) new design and
construction related employment opportunities; (iv) developer fees for cultural arts; (v)
developer fees for child care facilities; (vi) installation of standard water and wastewater
reduction fixtures for the Project as legally applicable; (vii) various standard public
improvements and fees; and (viii) five (5) on-site very low income one-bedroom housing
units provided in accordance with the City’s Affordable Housing Production Program
requirements.
2.6.2 LUCE Community Benefits. Set forth below in this Section 2.6.2
are the additional community benefits that will be provided by the Project:
(a) Additional Affordable Housing Units. In addition to the
five (5) very low income one-bedroom housing units provided in satisfaction of the
City’s Affordable Housing Production Program requirements, the Developer will provide
an additional three (3) low income studio units, for a total of eight (8) affordable housing
units in the Project. All eight (8) affordable housing units shall be deed restricted in
accordance with the City’s Affordable Housing Production Program.
(b) Sustainable Design Features: LEED® Gold Requirement.
Developer shall design the Project so that, at a minimum, the Project shall achieve
LEED® “Gold” certification under the LEED® Rating System (the “Sustainable Design
Status”). Developer shall retain the services of a LEED accredited professional to consult
with Developer regarding inclusion of sustainable design features for the Project.
Developer shall confirm to the City that the design for the Project has achieved the
Sustainable Design Status in accordance with the following requirements:
1. Prior to the submission of plans for Architecture
Review Board review, Developer shall submit a preliminary checklist of anticipated
LEED® credits (that shall be prepared by the LEED® accredited professional) for review
by the City, along with a narrative to demonstrate that the Project is likely to achieve the
Sustainable Design Status.
2. Prior to issuance of a building permit, Developer
shall grant access to the City’s Green Building Program Advisor as a “Project Team
Manager” to the project’s documentation in the LEED Online system. The City’s Green
Program Advisor will use this online documentation to verify that the project is
reasonably likely to achieve the Sustainable Design Status.
3. Prior to issuance of a final Certificate of
Occupancy for the Project, the City shall verify (which verification shall not be
unreasonably withheld, conditioned or delayed) that the Project has achieved the
Sustainable Design Status.
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