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3 <br /> C. Although this Ordinance establishes certain rights for Footprint to develop the Property in <br /> accordance with the conditions specified herein, additional City requirements are required to <br /> be met prior to any development activity on the Property including zoning, building, <br /> multifamily housing property tax exemption, and public works requirements and reviews, as <br /> well as issuance of appropriate City approvals and permits. <br /> Is hereby amended to read as follows: <br /> Pilot Project Established. <br /> A. Section 34 of Ordinance No. 1671-89 and Section 7 of Ordinance No. 2347-98, as <br /> amended,are hereby amended to provide for a pilot project for student housing and <br /> associated parking for student housing in the central business district. <br /> B. The City hereby establishes a pilot project to allow student micro-housing on a site located <br /> on the southwest corner of California Street and Oakes Avenue in the B-3 (Central Business <br /> District)zone, in accordance with the conditions stated herein. Before Janivary 1,2017,or <br /> one year following the issuance the certificate of occupancy by the City's Building Official, <br /> whichever date occurs later,the City Council will review this pilot project to evaluate this <br /> new use as well as other micro-housing opportunities in the downtown and determine <br /> whether this type of use should be authorized including appropriate parking standards, and if <br /> so,under what conditions. <br /> C. Although this Ordinance establishes certain rights for Foot the Developer to develop <br /> the Property in accordance with the conditions specified herein, additional City requirements <br /> are required to be met prior to any development activity on the Property including zoning, <br /> building,multifamily housing property tax exemption, and public works requirements and <br /> • reviews, as well as issuance of appropriate City approvals and permits. <br /> Section 2. Section 2 of Ordinance No. 3380-14,which reads as follows: <br /> Requirements. The following requirements shall apply to the subject pilot project: <br /> 1. For purposes of this pilot project"student housing"is a permitted use in the B-3 zone at <br /> the property on the southwest corner of California Street and Oakes Avenue. <br /> 2. The building is to be used exclusively for approximately 100 units of student housing. <br /> TLC shall provide a letter to the Planning Department before January 31 each year <br /> confirming that the building is used exclusively for student housing. <br /> 3. The building shall comply with all requirements of the B-3 zone except as specifically <br /> modified in this Ordinance. <br /> 4. The off-street parking standard for student housing shall be one parking space per <br /> habitable unit in the subject building. <br /> 12 <br />