26.4 APPLICATION REQUIREMENTS. — Belmont Zoning Code

(a) Any applicant requesting a density bonus, incentive(s) or waiver(s) under the State Density Bonus Law must provide a written proposal to the city. The proposal shall be submitted prior to or concurrently with filing the planning application for the housing development and shall be processed in conjunction with the underlying application.
(b) The proposal for a density bonus, incentive(s) or waiver(s) under the State Density Bonus Law must include the following information.
- (1) Requested Density Bonus. The proposal must demonstrate that the project meets the State Density Bonus Law threshold(s) for the requested density bonus. The proposal must include the following calculations. The density bonus units may not be included in determining the percentage of base units that qualify a project for a density bonus under State Density Bonus Law.
  - (A) The maximum base density,
  - (B) the number/percentage of affordable units and identification of the income level at which such units will be restricted, and
  - (C) additional market rate units resulting from the density bonus allowable under State Density Bonus Law and the resulting unit per acre density.

1 Section 26 was added by Ord. #861, 6/11/92; amended by Ord. 2014-1079, §15, 8/26/2014.

City of Belmont Zoning Ordinance

26-1

(2) Requested Incentive(s). The request for particular incentive(s) must include a pro forma or other report evidencing that the requested incentive(s) results in identifiable, financially sufficient and actual cost reductions that are necessary to make the housing units economically feasible. The report shall be sufficiently detailed to allow the city to verify its conclusions. If the city requires the services of specialized financial consultants to review and corroborate the analysis, the applicant will be liable for all costs incurred in reviewing the documentation.
(3) Requested Waiver(s). The written proposal shall include an explanation of the waiver(s) of development standards requested and why they are necessary to make the construction of the project physically possible. Any requested waiver(s) shall not exceed the limitations provided by Section 26.8 and to the extent such limitations are exceeded will be considered as a request for an incentive.
(4) Fee. Payment of the fee in an amount set by resolution of the city council to reimburse the city for staff time spent reviewing and processing the State Density Bonus Law application submitted under this Section.