An application for a community benefit agreement may be filed as provided in Article 2 of Part IV; however, it must be filed separate from and prior to the filing of any other permit or approval for a development project which relies upon the requested increase in height, FAR, and/or density. The application shall be accompanied by copies, in a quantity as required by the Community Development Director, of plans, diagrams, data, descriptions, photographs, or other presentation material as may be necessary for complete review and consideration of the proposed community benefit and requested increase in height, FAR, and/or density, and any items required by the community benefits program. In addition, an application for a community benefit agreement shall include a detailed description of the proposed community benefit, including scope, cost, and timing, as well as preliminary civil and/or architectural plans for any physical improvements that will be constructed as part of the proposed community benefit, including a site plan and, where appropriate, elevation drawings and a landscape plan.
For flexible community benefits as defined and set forth in the community benefits program, the application also shall include information needed to complete a cost-benefit analysis on the proposed community benefit in order for the City to evaluate the project's estimated financial benefit arising from the additional height, density and/or FAR against the value of the community benefit provided to the City. At a minimum, this information shall include conceptual sketches and/or descriptions of the associated development project that indicate the overall scale and reach of the project as well as related construction cost projections using the full rate set forth in the ICC building valuation table.
(§ 17, Ord. 2209, eff. 3/19/2021; § 4, Ord. 2239, eff. 7/5/2024)