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iv. The project is consistent with adopted city plans and polices relating to low-income housing. <br />v. Granting a reduction must not conflict with any water or sewer revenue bond covenants <br />3. An exemption granted under this subsection must be conditioned upon requiring the developer to <br />record a covenant with the Snohomish County Auditor, approved by the planning director, that prohibits <br />use of the property for any purpose other than for affordable housing. At a minimum, the covenant <br />must address price restrictions and household income limits of subsection 14.08.135(L)(1), and require <br />that, if the property is converted to a use other than for affordable housing as defined by the covenant, <br />the property owner must pay the applicable system development charge in effect at the time of any <br />conversion. <br />4. Area median income shall mean the estimate from the Department of Housing and Urban <br />Development (HUD) of how much money a household in a given area earns. <br />5. For the purpose of this section, affordable housing means housing where monthly housing costs, <br />including utilities other than telephone, do not exceed thirty percent of the resident's household gross <br />monthly income and where household monthly income must be sixty percent or less of the Snohomish <br />County median family income adjusted for family size as reported by the U.S. Department of Housing <br />and Urban Development. <br />Section 2. The following is provided for reference and may not be complete: <br />EMC <br />by <br />this <br />Amended/Repealed <br />Ordinance <br />Ordinance <br />History <br />of <br />EMC <br />Amended/Repealed <br />by this <br />Ordinance <br />EMC <br />14.08.110 <br />Ord. <br />3095-08 <br />§ <br />1-11.) <br />(Ord. <br />3632-18 <br />§§ <br />1-11; <br />Section 3. The City Clerk and the codifiers of this Ordinance are authorized to make necessary <br />corrections to this Ordinance including, but not limited to, the correction of scrivener's/clerical errors, <br />references, ordinance numbering, section/subsection numbers, and any internal references. <br />Section 4. The City Council hereby declares that should any section, paragraph, sentence, clause or <br />phrase of this ordinance be declared invalid for any reason, it is the intent of the City Council that it <br />would have passed all portions of this ordinance independent of the elimination of any such portion as <br />may be declared invalid. <br />Section 5. The enactment of this Ordinance shall not affect any case, proceeding, appeal or other <br />matter currently pending in any court or in any way modify any right or liability, civil or criminal, which <br />may be in existence on the effective date of this Ordinance. <br />Section 6. It is expressly the purpose of this Ordinance to provide for and promote the health, safety <br />and welfare of the general public and not to create or otherwise establish or designate any particular <br />class or group of persons who will or should be especially protected or benefited by the terms of this <br />Ordinance. It is the specific intent of this Ordinance that no provision or any term used in this Ordinance <br />is intended to impose any duty whatsoever upon the City or any of its officers or employees. Nothing <br />contained in this Ordinance is intended nor shall be construed to create or form the basis of any liability <br />on the part of the City, or its officers, employees or agents, for any injury or damage resulting from any <br />112 ORDINANCE Page 3 of 4 <br />