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i. Identify the subject unit as an <br />affordable dwelling unit and specify that <br />at no time may the identified unit be <br />utilized as a model home, construction <br />office or other non-residential occupancy <br />use; and <br />ii. Identify the units corresponding fifteen <br />or twenty year affordability timeframe; <br />and <br />iii. Identify that the initial owner and each <br />subsequent owner of an owner -occupied <br />affordable dwelling unit must satisfy and <br />comply with the re -sale provision of the <br />county's local housing assistance plan; <br />and <br />iv. Identify the Board of County <br />Commissioners of Indian River County or <br />its community development department or <br />as its designee, as the agency with <br />enforcement and verification authority to <br />enforce the terms of the covenant, and as <br />the contact agency for closing agents to <br />obtain estoppel letters; and <br />V. Identify any additional terms or <br />conditions relating to the provision of <br />the affordable dwelling unit as <br />established by the Board of County <br />Commissioners via its review and approval <br />of the corresponding planned development <br />approval. <br />vi. Specify that monitoring the occupancy of <br />the affordable dwelling unit shall be <br />included in the compliance monitoring <br />activities of the county's local housing <br />assistance program, or a suitable <br />substitute determined by the Indian River <br />County Board of County Commissioners. <br />vii. Specify that no provision of the <br />restrictive covenant may be amended <br />without the consent of the Beard of <br />County Commissioners of Indian River <br />County. <br />6. An applicant may obtain a development density bonus <br />for a planned development project in compliance <br />with one of the following options: <br />55 <br />