The Reevaluation of Housing Contribution Rate, Incentive Zoning Petition, Section (d) of Article entitled SPECIAL REGULATIONS, Ordinance #2022-18, as amended. PASSED TO A SECOND READING IN COUNCIL OCTOBER 31, 2022 TO BE ORDAINED ON OR AFTER NOVEMBER 21, 2022

Incentive Zoning Petition, Section 11.202 (d) of Article 11.000 entitled SPECIAL REGULATIONS, Ordinance #2022-18, as amended 11.202 (d) Reevaluation of Housing Contribution Rate. The City shall initiate a reevaluation of the Housing Contribution Rate and any other aspect of these Incentive Zoning Provisions at an interval of no less than three (3) years from the time of the previous reevaluation Housing Contribution Rate report appearing on a City Council regular meeting agenda.

Such reevaluation shall include a report provided to the City Council reviewing economic factors including but not limited to development activity, commercial rents per square foot, employment growth, housing trends measured in terms of, but not limited to, vacancy rates, production statistics, and prices for dwelling units, and the nexus between Incentive Projects and housing.

In City Council November 21, 2022. Adopted by Attest:- Diane P. LeBlanc, City Clerk

A true copy;

ATTEST:-

Diane P. LeBlanc,

City Clerk