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Jessie larson for broadcasting in meeting madam clerk any electronic devices. Completed speaker cards and documents to be included should be submitted to the clerk. Items acted upon today will appear on the january 12, 2016, board of supervisors agenda unless otherwise stated all right. Thank you very much call item number one. A resolution authorizing the issuance and sale and deliver the house bond not to exceed money for the minnesota for a rental unit is Alice Griffith apartment t projects. Colleagues ms. Elizabeth from ocii to make a brief presentation on this item welcome. The floor is yours. Good afternoon, supervisors elizabeth with the office of Economic Development ocii the resolution before you authorize the bond precedes to pay for the construction and related costs for Alice Griffith phase 3 an walker ....
The proposed legislation hoz 2 component, what we call the state analyzed and locing program. The state analyzed prm is designed to locally implement the state density law and limit the type of incentives and height the project may request. This was developed using San Francisco sitess. Projects cannot exceed 35 percent increase in residential density and density increase is based on percentage of affordable units on site. In San Francisco that means the total of affordsability of a project is 13 percent or 20 percent dependent if it is a rental or ownership product. The number of intentives is based on the number of affordable unit provided. Dilths height for the state analyzed program is only available when it is necessary to accommodate increased density. It is based on [inaudible] under existing zoning and the total number of unit permitted with the density bonus. The formu ....