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HomeMy WebLinkAboutZMA201600015 Correspondence 2016-12-19 WILLIAMS M U LLE N Direct Dial:434 951.5709 vlong@williamsmullen.com December 19, 2016 BY HAND DELIVERY JT Newberry Senior Planner Albemarle County Department of Community Development 401 McIntire Road,North Wing Charlottesville, Virginia 22902 Re: ZMA 2016-00015 (Oakleigh) Resubmittal Materials for Board of Supervisors Feb. 8th Public Hearing Dear JT: In connection with the captioned rezoning application, I enclose the following documents for the proposed February 8th, 2017 Board of Supervisors public hearing: 1. Three (3) copies of ZMA 2016-00015's updated Application Plan 2. One copy of the revised Proffer Statement, and 3. One copy of a redline showing the revised Proffer Statement changes against the November 2, 2016 draft. The following revisions have been made to the Application Plan in response to the Planning Commission's recommendations: 1. The Development Block,Summary on Sheet 4 of the Application Plan now contains two additional columns labeled "Min. Dwelling Units Scenario A" and "Min. Dwelling Units Scenario B" with 14 and 53 minimum units for each, respectively. This was added to ensure that if the property is developed pursuant to Scenario B, a minimum of 53 dwelling units would be constructed. L 2. We have added a note under the Development Block Summary on Sheet 4 of the Application that reads "In the event that Block V is not developed as an Assisted Living Facility, it shall be developed in general accord with Scenario B as,shown on Sheet 6B; and in general accord with the Code of Development on Sheet 5 herein." 3. Permitted Uses on Sheet 5 of the Application Plan no longer includes "Outdoor Amphitheater",) "Fast Food Restaurant", and "Department Store" as permitted uses. Indoor Theaters have never been a permitted use. 4. The emergency access through Berkeley Subdivision is no longer shown on the Application Plan. The following revisions have been made to the Proffer Statement: 321 East Main Street,Suite 400,Charlottesville,VA 22902 T 434.951.5700 F 434.817.0977 williamsmullen.com DC NC VA I A Professional Corporation Le WILLIAMS M—U LLE N December 19, 2016 Page 2 1. The first proffer regarding Affordable Housing was modified to allow for the election to construct Affordable Dwelling Units, pay the equivalent cash in lieu for such units, or to provide some combination thereof. Only the cash in lieu payment was allowed under the prior draft. Since the Housing Director has expressed a preference for cash, we arc hesitant to preclude that as an option. 2. The third proffer regarding tree preservation now more clearly states that should Scenario B be constructed,the Tree Plan approved with ZMA-2007-00004 will apply. 3. The proffer for enhanced erosion and sediment control measures has been reinserted. By-Right Lot Yield Credit: Prior to the Oakleigh's original approval in January, 2008 as ZMA 2007-00004, the property was zoned R-6 Residential with a by-right development yield of 52 dwelling units. With the approval of Oakleigh in 2008 to Neighborhood Model Development, the property was approved for 109 dwelling units. During the review of ZMA 2007-00004, the Owner requested credit against the cash proffers for the "by-right lot yield" of 52 units, but that request was not granted. However, since that time, the Board of Supervisors has approved a number of projects that included cash proffers subject to a by-right lot yield credit. The most recent example is the Brookhill project, which included a by-right lot yield credit for the property's previous R-1 Residential zoning, equal to 269 units. At the Oakleigh Planning Commission meeting, Ms. Echols stated that Oakleigh's request is distinguishable from Brookhill and other projects due to the higher percentage of credits that would be afforded to Oakleigh compared to the other projects. However, we contend that the fact that Oakleigh would receive a larger percentage by-right lot yield credit than other projects does not change the merits of the request that it be treated-the same as other projects and be given such credit for the by-right units that it already had prior to the rezoning process. The reason for the higher percentage is simple and factual: Oakleigh started with R-6 zoning, and Brookhill started with just R-1 zoning -- Oakleigh started with the right for a larger percentage of by-right units per acre than Brookhill did. We see no logical correlation between the size of the percentage of the by-right lot yield credit and the merits of granting the credit. If the property had a by-right lot yield prior to the rezoning, then it is logical and just that the applicant and Owner only be required to pay cash proffers for those units that are in excess of the existing by-right lot yield. This position is consistent with the legal purpose of cash proffers, that they mitigate the impacts of residential development. If the owner or applicant already has the right to a certain number of units by-right, then additional impacts from those by-right units are not being created by the rezoning, thus it would not be proper for the County to accept cash, proffers for them. Furthermore, we note that, second significant reason that the size of the percentage of the credit is so high is that a large number of the residential units at Oakleigh are proposed to be replaced WILLIAMS M U LLE N December 19, 2016 Page 3 by the Assisted Living Facility. The Oakleigh property originally had a by-right lot yield of 52 units, then it was rezoned to permit up to 109 units in 2008, and now we are proposing to replace up to 87 of those units with an Assisted. Living Facility, such that Oakleigh could have a minimum of 22 units under Scenario A on the Application Plan. This results in the size of the percentage being higher than with other projects, but that higher percentage has no impact on the merits of the credit. By its recent actions in granting several other projects by-right lot yield credits against the cash proffers, the Board of Supervisors has confirmed the merits of this position. As such, our proffer statement continues to include the credit for the 52 unit by-right lot yield, and we respectfully request the Board to grant the credit for the reasons stated herein. Finally, our proffer statement also includes the cash proffer figures recommended by the County-appointed Fiscal Impact Advisory Committee (the "FIAC"), as adjusted to reflect the most recent CIP. These adjusted figures were provided to us by the County staff. These cash proffer figures are the same amounts that were recently approved for the Brookhill project. That, combined with the facts that that these figures were provided by the County appointed FIAC, and recently updated by the County staff, demonstrates that they are the closest thing the County has to current "approved" proffer rates. The fact that the County repealed its proffer policy in June of this year does not mean that the County cannot accept cash proffers using these adjusted FIAC rates. Rather, the history of these rates provides the Board of Supervisors with a reasonable basis to accept these proffers. As you know, the Oakleigh project is not subject to the requirements of the new Virginia Proffer Reform Bill enacted as Virginia Code Section 15.2-2304.4, since the Oakleigh application was submitted prior to July 1, 2016. As'such, the Board of Supervisors is not faced with the burden of demonstrating that the proffer figures comply with the new state law. For all of these reasons, we contend that it is prudent and appropriate to include these adjusted FIAC proffer figures in the Oakleigh proffer statement. Thank you for your time and effort on this application. If you have any questions or need anything further please do not hesitate to contact me. Very truly yours, VOLUIVO, Valerie W. Long Enclosures cc: George W. Ray, Oakleigh Albemarle, LLC Steve Edwards, Edwards Design Studio Alan Franklin, Alan Franklin Engineering 32563056_2 PROFFER STATEMENT OAKLEIGII AMENDMENT Date: December 19, 2016 ZMA#: 2016-00015 Oakleigh Amendment#1 Tax Map Parcel#: 04500-00-00-026A0 8.8 acres to be rezoned from Neighborhood Model Development ("NMD") to NMD to amend proffers Oakleigh Albemarle LLC, a Virginia limited liability company, is the fee simple owner(the "Owner") of Tax Map 45,Parcel 26A(the"Property") which is the subject of the zoning map amendment application#ZMA-2016-00015 known as "Oakleigh." The Applicant for Oaldeigh is Oakleigh Albemarle LLC, a Virginia limited liability company. The Oakleigh community is herein referred to as the"Project." Pursuant to Section 33.3 of the Albemarle County Zoning Ordinance, Owner hereby voluntary proffers the conditions listed in this Proffer Statement, which shall be applied to the Property if the rezoning is approved by Albemarle County. These conditions are proffered as part of the rezoning and it is agreed that the conditions are reasonable. This proffer statement shall supersede and'replace in all respects the proffer statement approved by the Board of Supervisors in connection with ZMA-2007-00004. 1. Affordable Housing. A. 15%Affordable Requirement. The Owner shall provide Affordable Dwelling Units (as defined herein) equal to fifteen percent(15%) of the total residential dwelling units within the Project that is in excess of the number of units that were allowed by right under the zoning that was in existence prior to the approval of ZMA 2007-0004, an equivalent cash in lieu payment, or a combination thereof(the"15%Affordable Housing Requirement"), as more particularly described in paragraphs 1B and 1C below. Prior to the approval of ZMA 2007- 00004,the property was zoned R-6 Residential, and thus had by-right development yield of 52 dwelling units. Therefore, the cash contribution for compliance with the 15%Affordable Housing Requirement shall begin after a certificate of occupancy for the 52nd dwelling unit within the Project is issued and prior to the Owner obtaining a certificate of occupancy for the 53rd dwelling unit within the Project. B. Construction of Affordable Dwelling Units. If there are more than 52 dwelling units within the Project such that the 15%Affordable Housing Requirement is applicable, the Owner or its successors in interest reserves the right to meet the affordable housing objective through a variety of housing types, including but not limited to, for-sale units,rental units, accessory units, and Carriage Units ("Affordable Dwelling Units"or"Affordable Units"). i. For-Sale Affordable Dwelling Units. All purchasers of the For-Sale Affordable Dwelling Units (as defined below), shall be approved by the Albemarle County Housing Office or its designee. "For-Sale Affordable Dwelling Units" shall be dwelling units offered for sale at prices for which households with incomes less than eighty percent(80%) of the area median income may qualify, and shall not exceed sixty-five percent(65%) of VHDA's Maximum Sales Price for first-time homebuyers. The Owners shall provide the County or its designee'a period of one hundred twenty(120) days to identify and prequalify eligible purchaser(s) of For-Sale Affordable Dwelling Units. The one hundred and twenty(120) day •period shall commence upon written notice from the Owner that the unit(s) shall be available for sale. This notice shall not be given more than ninety(90)days prior to receipt of the Certificate of Occupancy for the applicable For-Sale Affordable Dwelling Units; the County or its designee may then have thirty(30) days within which to provide qualified purchaser(s) for such For-Sale Affordable Housing Units. If the County or its designee does not provide qualified purchaser(s) during the one hundred twenty(120) day period,the Owner shall have the right to sell the unit(s) without any restriction on sales price or income of the purchaser(s). Carriage Units, as defined in the Code, shall not exceed twenty-five percent (25%) of the total Affordable Dwelling Units. ii. For-Rent Affordable Dwelling Units. (1) Rental Rates. The initial net rent for each rental housing unit for which Owner seeks qualification for the purposes of this Proffer 1, ("For-Rent Affordable Dwelling Unit") shall not exceed the then-current and applicable maximum net rent rate approved by the Albemarle County Housing Office. In each subsequent calendar year, the monthly net rent for each For-Rent Affordable Dwelling Unit may be increased up to three percent (3%). For purposes of this Proffer 1B, the term "net rent" means that the rent does not include tenant-paid utilities. The requirement that the rents for such For-Rent Affordable Dwelling Units may not exceed the maximum rents established in this paragraph 1B shall apply for a period of ten (10) years following the date the certificate of occupancy is issued by the County for each For- Rent Affordable Dwelling Unit, or until the units are sold as low or moderate cost units qualifying as such under either the Virginia Housing Development Authority, Farmers Home Administration, or Housing and Urban Development, Section 8, whichever comes first(the "Affordable Term"). (2) Conveyance of Interest. All deeds conveying any interest in the For-Rent Affordable Dwelling Units during the Affordable Term shall contain language reciting that such unit is subject to the terms of paragraph.1B. In addition, all contracts pertaining to a conveyance of any For-Rent Affordable Dwelling Unit, or any part thereof, during the Affordable Term shall contain a complete and full disclosure of the restrictions and controls established by,this paragraph 1B. At least thirty (30) days prior to the conveyance of any interest in any For-Rent Affordable Dwelling Unit during the Affordable Term, the then-current Owner shall notify the County in writing of the conveyance and provide the name, address and telephone number of the potential grantee, and state that the requirements of this paragraph 1B(ii)(2) have been satisfied. 2 , (3) Reporting Rental Rates. During the Affordable Term, within thirty(30) days of each rental or lease term for each For-Rent Affordable Dwelling Unit, the then-current Owner shall provide to the Albemarle County Housing Office a copy of the rental or lease agreement for each such unit rented that shows the rental rate for such unit and the term of the rental or lease agreement. In addition, during the Affordable Term, the then-current Owner shall provide to the County, if requested, any reports, copies of rental or lease agreements, or other data pertaining to rental rates as the County may reasonably require. C. Cash Proffer For Affordable Housing-Requirement. If there are more than 52 dwelling units within the Project such that the 15% Affordable Housing Requirement is applicable,then the Owner may elect to make a cash contribution to Albemarle County for all or a portion of the 15%Affordable Housing Requirement in the amount of Twenty-three Thousand, Eight Hundred and Five Dollars and 30/Cents ($23,805.30) for each such unit(s) (the "Affordable Housing Cash Proffer") in lieu of constructing Affordable Dwelling Units as detailed in paragraph 1B. Any unit for which the Affordable Housing Cash Proffer is contributed as provided herein shall count as an Affordable Dwelling Unit for purposes of this Paragraph 1 and 2 below. 2. Cash Proffer. A. The Owner shall contribute cash to the County in the following amounts for each dwelling unit constructed within the Property that is not an Affordable Dwelling Unit(a"Market Rate Unit"), and that is in excess of the number of units that were allowed by right under the zoning that was in existence prior to the approval of ZMA 2007-0004. Prior to the approval of ZMA 2007-00004,the property was zoned R-6 Residential, and thus had by-right development yield of 52 dwelling units. Therefore,the cash contribution for Market Rate Units shall begin after a certificate of occupancy for the 52nd dwelling unit within the Project is issued and prior to the Owner obtaining a certificate of occupancy for the 534 dwelling unit within the Project. The cash contributions shall be used to address the fiscal impacts of development on the County's public facilities and infrastructure(i.e., schools,public safety, libraries,parks and transportation) identified in the County's Capital Improvements Program. The cash contributions shall be paid in the following amounts: (i). Seven Thousand Three Hundred and Thirty-Three and 18/100s Dollars ($7,333.18) for each single-family detached dwelling unit that is not an Affordable Dwelling Unit. (ii). Five Thousand Four Hundred and Forty-Seven and 57/100s Dollars ($5,447.57) for each single family attached dwelling unit that is not an Affordable Dwelling Unit. (iii). Seven Thousand Four Hundred and Nineteen and 91/100s Dollars ($7,419.91) for each multifamily dwelling unit that is not an Affordable Dwelling Unit. (iv). Zero Dollars ($0.00) for each Affordable Dwelling Unit. 3 B. Annual Adjustment of Cash Proffers. Beginning January 1 of each year following the approval of this rezoning, the amount of each cash contribution required herein shall be adjusted annually until paid,to reflect any increase or decrease for the preceding calendar year in the Comparative Cost Multiplier,Regional City Average, Southeast Average, Category C: Masonry Bearing Walls issued by Marshall Valuation Service (a/k/a Marshall & Swift) (the"Index") or the most applicable Marshall & Swift index determined by the County if publication of the r specific index referenced herein in discontinued. In no event shall any cash contribution amount be adjusted to a sum less than the amount initially established by these proffers. The annual adjustment shall be made by multiplying the proffered cash contribution amount for the preceding year by a fraction,the numerator of which shall be the Index as of December 1 in the proceeding calendar year, and the denominator of which shall be the Index as of December 1 in the year preceding the calendar year most recently ended(the "Annual Percentage Change"). 3. Tree Preservation. A. If the Project is to be developed as per Scenario A of the Application Plan, as part of the final site plan for the Project, the Owner will submit a tree preservation plan(the"Scenario A Tree Plan") for thirteen(13)trees within the Project, as shown on the Application Plan, which specifies tree protection methods and procedures, including fertilizing,tree protection fencing, mulching, and site construction activities which shall be complied with during and after development of the Project. Prior to the final site plan approval,the Owner shall submit a bond or _other form of surety in the total amount of Thirteen Thousand Dollars and No/Cents ($13,000.00). The bond or surety shall be submitted to guaranty the replacement of those trees which are numbered 1, 1A, 2, 3, 4,4A, 5, 7, 8, 9, 30, 31, and 32 on the Application Plan(the "Scenario A Bonded Trees") in the event that any of the Scenario A Bonded Trees die within a period of five (5) years after issuance of the last Certificate of Occupancy within the Project. The bond or other surety shall be in a form acceptable to the County Attorney. B. If the Project is to be developed as per Scenario B of the Application Plan,the Owner will submit as part of the Code of Development for Oakleigh Farm a tree protection plan(the "Scenario B Tree Plan") for thirty-nine(39) trees within the Project, as shown on the Application Plan,which specifies tree protection methods and procedures, including fertilizing, tree protection fencing and mulching which shall be complied with during and after development of the Project. Prior to the final site plan approval, the Owner shall submit a bond or other form of surety in the total amount of Twenty-Nine Thousand Dollars ($29,000). The bond or surety shall be submitted to guaranty the replacement of those trees which are numbered 1, 1A, 2, 3,4, 4A, 5, ' 6, 7, 8, 9, 10, 14, 16, 17, 19, 20, 21, 22, 24, 25, 27A, 30, 31, 32, 35, 38, 38A, and 44D on the Application Plan(the"Scenario B Bonded Trees") in the event that any of the Scenario B Bonded Trees die within a period of five(5) years after issuance of the last residential Certificate of Occupancy within the Project. The bond or other surety shall be in a form acceptable to the County Engineer and the County Attorney. 4. Pedestrian Easement. The Declaration of Covenants and Restrictions for the Project shall contain a provision which grants a public right of pedestrian access over all sidewalks within the Project. This right shall be in perpetuity and the Declaration shall name the County of Albemarle, Virginia as a third-party beneficiary with the express right to enforce the provisions 4 of such public right of access. 5. Erosion and Sediment Control. The Owner shall,to the maximum extent practicable as determined by the County's Program Authority, provide additional erosion and sediment controls to achieve a sediment removal rate of eighty percent(80%) for the Property. (As a reference, current regulatory structural measures achieve a 60%optimal removal rate.) [SIGNATURE PAGE FOLLOWS] r 5 • WITNESS the following duly authorized signature: Owner: OAKLEIGH ALBEMARLE LLC, a Virginia Limited Liability Company By: Printed Name: Title: 31491018_5 6 DRAFT PROFFER STATEMENT OAKLEIGH AMENDMENT Date: November 2,December 19,2016 ZMA#: 20 16-000 15 Oakleigh Amendment#1 Tax Map Parcel #: 04500-00-00-026A0 8.8 acres to be rezoned from Neighborhood Model Development("NMD") to NMD to amend proffers Oakleigh Albemarle LLC, a Virginia limited liability company, is the fee simple owner(the "Owner")of Tax Map 45, Parcel 26A(the"Property")which is the subject of the zoning map amendment application#ZMA-2016-00015 known as"Oakleigh." The Applicant for Oakleigh is Oakleigh Albemarle LLC,a Virginia limited liability company. The Oakleigh community is herein referred to as the"Project." Pursuant to Section 33.3 of the Albemarle County Zoning Ordinance, Owner hereby voluntary proffers the conditions listed in this Proffer Statement,which shall be applied to the Property if the rezoning is approved by Albemarle County. These conditions are proffered as part of the rezoning and it is agreed that the conditions are reasonable.This proffer statement shall supersede and replace in all respects the proffer statement approved by the Board of Supervisors in connection with ZMA-2007-00004. 1. Affordable Housing. A. 15%Affordable Requirement.The Owner shall provide housing units eguivalentAffordable Dwelling Units(as defined herein) equal to fifteen percent (15%)of the total residential dwelling units within the Project that is in excess of the number of units that were allowed by right under the zoning that was in existence prior to the approval of ZMA 2007-00040004, an equivalent cash in lieu payment, or a combination thereof(the"15% Affordable Housing Requirement"), as more particularly described in paragraphs 1B and 1C below. Prior to the approval of ZMA 2007-00004,the property was zoned R-6 Residential, and thus had by-right development yield of 52 dwelling units. Therefore,the cash contribution for compliance with the 15%Affordable Housing Requirement shall begin after a certificate of occupancy for the 52nd dwelling unit within the Project is issued and prior to the Owner obtaining a certificate of occupancy for the 53rd dwelling unit within the Project. B. Cash Proffer ForConstruction of Affordable Dwelling Units. If there are more than 52 dwelling units within the Project such that the 15%Affordable Housing Requirement is applicable,the Owner ° a, 4.C (/)...I Ic ^ =_ ' a c" a: `' a, .c C co C � v) ' 0 Occ aV -o a) a� a� .� eA y r v'I -C v n ,�+. = . C O O C c . OC an c� , cN 0 4 r _ ,_. • cll Fu o c, O ° c tig I Op 4. cn -a 3 > a, V _ , Q i� O w c, O ,C .%,. fn ..0 I,.. • = :,_ = Oa).1 .. V -� . .� mr c IS E , . .r .=I y am, „— •Iv) U U c .' '~ • •' c L .u, c ' 4 CQ 1 .- >� . _ ) cc ' 1' e3 cC ° . ccEv '•Cc 10 1 • ) co O cntl) a, n 'N c O• C .-. C...) I'O .- a) 17s. c a Ct Q c U a) 3 ' Q cC a)wV w V :.. .04. a.. 0 .•• CC, U • •- 1. � o p Q ^ Q C , c . .0 r RS( 4: z.. • • U � U : l _ y t - Uita) ^ s. Q " n nl a74 ^ � „ 1pI ! :hu > . v `" a, c > a, 7. 3 0 c c i = •° 'c •B `� I •• •• 74 c - U w = .r ° Q a, en 5 : N v c .. , r a> w ., 7 vw L �° s .7 ` - 4 et a, 3 4 -v - L -a' y V .� ° , oNc Uw cO ? ° , . c F- O 4 °s., c O pmow >, -Z 0 O a, ° w ❑ et c cQ0 :_ � c - a, Li.; • ° U 3 c ,„ 4. O • '- • a, a, c � • c� � c . U '^ 0 .... -O 3 C w C C O a) Q c w ; -! as , la) „, — ..-. 01) c . c... c c • c o —I NI w a, c.st '- R. w E .V cc, cw, 'sc—„ •_ U 75 c0 Qz • = . c • Q � 3 � conveyance and provide the name, address and telephone number of the potential grantee, and state that the requirements of this paragraph 1 B(ii)(2)have been satisfied. (3) Reporting Rental Rates. During the Affordable Term, within thirty (30) days of each rental or lease term for each For-Rent Affordable Dwelling Unit, the then-current Owner shall provide to the Albemarle County Housing Office a copy of the rental or lease agreement for each such unit rented that shows the rental rate for such unit and the term of the rental or lease agreement. In addition, during the Affordable Term, the then-current Owner shall provide to the County, if requested, any reports, copies of rental or lease agreements, or other data pertaining to rental rates as the County may reasonably require. C. Cash Proffer For Affordable Housing Requirement. If there are more than 52 dwelling units within the Project such that the 15%Affordable Housing Requirement is applicable then the Owner ma el•ct o make a ca h contribution to Albemarle Count for .11 or a portion of the 15%Affordable Housing Requirement in the amount of Twenty-three Thousand, Eight Hundred and Five Dollars and 30/Cents($23,805.30) for each such unit(s)(the"Affordable Housing Cash Proffer") in lieu of constructing Affordable Dwelling Units as detailed in paragraph 1B. Any unit for which the Affordable Housing Cash Proffer is contributed as provided herein shall count as an Affordable Dwelling Unit for purposes of this Paragraph 1 and 2 below. 2. Cash Proffer. A. The Owner shall contribute cash to the County in the following amounts for each dwelling unit constructed within the Property that is not an Affordable Dwelling Unit(a"Market Rate Unit"), and that is in excess of the number of units that were allowed by right under the zoning that was in existence prior to the approval of ZMA 2007-0004. Prior to the approval of ZMA 2007-00004,the property was zoned R-6 Residential, and thus had by-right development yield of 52 dwelling units. Therefore,the cash contribution for Market Rate Units shall begin after a certificate of occupancy for the 52nd dwelling unit within the Project is issued and prior to the Owner obtaining a certificate of occupancy for the 53rd dwelling unit within the Project. The cash contributions shall be used to address the fiscal impacts of development on the County's public facilities and infrastructure(i.e., schools,public safety, libraries, parks and transportation) identified in the County's Capital Improvements Program. The cash contributions shall be paid in the following amounts: (i). Seven Thousand Three Hundred and Thirty-Three and 18/1 OOs Dollars($7,333.18)for each single-family detached dwelling unit;that is not an Affordable Dwelling Unit, (ii). Five Thousand Four Hundred and Forty-Seven and 57/100s Dollars($5,447.57)for each single family attached dwelling unit that is not an Affordable Dwelling Unit. (iii). Seven Thousand Four Hundred and Nineteen and 91/100s Dollars($7,419.91) for each multifamily dwelling unit that is not an Affordable Dwelling Unit. (iv). Zero Dollars($0.00) for each Affordable Dwelling Unit. 3 B. Annual Adjustment of Cash Proffers. Beginning January 1 of each year following the approval of this rezoning,the amount of each cash contribution required herein shall be adjusted annually until paid,to reflect any increase or decrease for the preceding calendar year in the Comparative Cost Multiplier, Regional City Average, Southeast Average, Category C: Masonry Bearing Walls issued by Marshall Valuation Service(a/k/a Marshall& Swift)(the"Index")or the most applicable Marshall&Swift index determined by the County if publication of the specific index referenced herein in discontinued. In no event shall any cash contribution amount be adjusted to a sum less than the amount initially established by these proffers. The annual adjustment shall be made by multiplying the proffered cash contribution amount for the preceding year by a fraction,the numerator of which shall be the Index as of December 1 in the proceeding calendar year, and the denominator of which shall be the Index as of December 1 in the year preceding the calendar year most recently ended(the"Annual Percentage Change"). 3. Tree Preservation.As A. If the Project is to be developed as per Scenario A of the Application Plan,as part of the final site plan for the Project the Owner will submit a tree preservation plan(the"Scenario A Tree Plan")for thirteen(13)trees within the Project,as shown on the Application Plan,which specifies tree protection methods and procedures, including fertilizing,tree protection fencing,mulching, and site construction activities which shall be complied with during and after development of the Project.Prior to the final site plan approval,the Owner shall submit a bond or other form of surety in the total amount of ($ Thirteen Thousand Dollars and No/Cents($13,000.00). The bond or surety shall be submitted to guaranty the replacement of those trees which are numbered 1, 1 A,2,3,4, 4A, 5, 7, 8, 9, 30, 31, and 32 on the Application Plan(the"Scenario A Bonded Trees") in the event that any of the Scenario A Bonded Trees die within a period of five(5)years after issuance of the last Certificate of Occupancy within the Project.The bond or other surety shall be in a form acceptable to the County Attorney. B. If the Project is to be developed as per Scenario B of the Application Plan, the Owner will submit as part of the Code of Development for Oakleigh Farm a tree protection plan (the "Scenario B Tree Plan") for thirty-nine (39) trees within the Project,as shown on the Application Plan,which specifies tree protection methods and procedures, including fertilizing, tree protection fencing and mulching which shall be complied with during and after development of the Project. Prior to the final site plan approval, the Owner shall submit a bond or other form of surety in the total amount of Twen y-Nine Thousand Dollars ($29,000). The bond or surety shall be submitted to guaranty the replacement of those trees which are numbered 1, 1A, 2, 3,4,4A, 5, 6, 7, 8, 9, 10, 14, 16, 17, 19, 20, 21, 22, 24, 25, 27A, 30, 31, 32, 35, 38, 38A, and 44D on the Application Plan (the"Scenario B Bonded Trees") in the event that any of the Scenario B Bonded Trees die within a period of five(5)years after issuance of the last residential Certificate of Occupancy within the Project. The bond or other surety shall be in a form acceptable to the County Engineer and the County Attorney. 4.Pedestrian Easement. The Declaration of Covenants and Restrictions for the Project shall contain a provision which grants a public right of pedestrian access over all sidewalks within the Project.This right shall be in perpetuity and the Declaration shall name the County of 4 Albemarle, Virginia as a third-party beneficiary with the express right to enforce the provisions of such public right of access. 5. Erosion and Sediment Control. The Owner shall,to the maximum extent practicable as determined by the County's Program Authority, provide additional erosion and sediment controls to achieve a sediment removal rate of eighty percent(80%) for the Prope y. (As a reference, current regulatory structural measures achieve a 60%optimal removal rate.) [SIGNATURE PAGE FOLLOWS] • WITNESS the following duly authorized signature: Owner: OAKLEIGH ALBEMARLE LLC, a Virginia Limited Liability Company By: Printed Name: Title: 31491018_45 6 Document comparison by Workshare Compare on Monday, December 19, 2016 4:28:32 PM Input: Document 1 ID interwovenSite://wm-iw-app/IWOVRIC/31491018/4 Description #31491018v4<IWOVRIC> - Oakleigh Proffers 2016 Amendment Document 2 ID interwovenSite://WM-IW-APP/IWOVRIC/31491018/5 Description #31491018v5<IWOVRIC> - Oakleigh Proffers 2016 Amendment Rendering set Standard Legend: Insertion Deletion Meved-fnani Moved to Style change Format change \io'cd deletion Inserted cell Deleted cell Moved cell Split/Merged cell Padding cell Statistics: Count Insertions 27 Deletions 14 Moved from 2 Moved to 2 Style change 0 Format changed 0 Total changes 45