A development in compliance with the affordability requirement shall be entitled to
a 15 percent floor-area ratio increase above the floor-area ratio set by the current
zoning for the development ("density bonus"). In the event the Applicant chooses not
to use any or all of the density bonus on-site, such density bonus may be severed
in the form of development rights, pursuant to the procedures set forth in section 16-28.023 (Transfer of development rights). In the event construction of all or a portion of
the density bonus would exceed the maximum floor area ratio set forth in the City's
comprehensive development plan, if any, Applicant shall only be entitled to apply
for transfer of development rights for such excess portion.
Evidence of a development exercising the density bonus on-site shall be entitled to
an increase of the maximum parking requirements of 16-36.020(2), if necessary, but only commensurate with the number of spaces required in accordance
with the density bonus granted. Evidence of a development exercising the option to
increase the density on-site will only be obligated to comply with the minimum open
space requirements set by the underlying zoning district for the development.
