ORD 99-36 AMENDING CITY'S COMPREHENSIVE PLANORDINANCE NO. 99-36
AN ORDINANCE of the City of Bainbridge Island,
Washington, amending the City's Comprehensive Plan
Policy H.4.7.relating to the implementation of affordable
housing goals and policies, and providing for required
affordable housing and residential bonus density relating to
affordable housing.
WHEREAS, the City adopted a Comprehensive Plan on September 1, 1994, that requires
all housing units created under the Housing Element Policy H.4.7 to remain affordable
for 30 years; and
WHEREAS, Kitsap County Consolidated Housing Authority has proposed an amendment
to the City's Comprehensive to replace the 30 year requirement with an alternative
mechanism; and
WHEREAS, the City agrees that the proposed amendment has merit and with minor
modifications would facilitate the development of affordable housing.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF BAINBRIDGE
ISLAND, WASHINGTON, DO ORDAIN, as follows:
Section 1. The City of Bainbridge Island Comprehensive Plan, Housing Element Policy H
4.7 is amended as follows:
H 4.7 All FiUD defined affordable rental housing units created as a result of the
policies of this Housing Element shall remain affordable for a period of 30 years from
the time of first occupancy and shall be secured by recorded agreement and covenant
running with the land, binding all the assigns, heirs and successors of the applicant.
H4.7.1 All affordable homeownership units created as a result of this Housing Element
shall be initially sold to income qualified households and thereafter subject to a
mechanism that is specified in an appropriate administrative procedure allowing the
City to capture the difference between the initial appraised value and the initial sales
price Dlus a prorated share of the appreciation when the unit is sold at market rate. The
City's share of the proceeds shall be placed in its Housin~ Trust Fund.
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Section 2. This ordinance shall take effect on and be in force five days from and after its
passage, approval, and publication as required by law.
PASSED BY THE CITY COUNCIL this 23rd of November 1999.
APPROVED BY THE MAYOR this 291h of November 1999.
ATTEST/AUTHENTICATE:
~usan Kasper, City Clerk
FILED WITH THE CITY CLERK: September 1, I999
PASSED BY THE CITY COUNCIL: November 23,
PUBLISHED: December 1, 1999
EFFECTIVE DATE: December 6, 1999
ORDINANCE NUMBER: 99-36
1999
CPA 06-03-98-7