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M�, <br />3. <br />BOOK 90 Far.434 <br />ORDINANCE 93-29 <br />i. Identify the subiect 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 unit's corresponding 15 or <br />20 year affordability timeframe pursuant <br />to subsection (4)(a)2.a; and <br />iii. Identifv that the initial owner and each <br />iv. <br />ve <br />iv. <br />subsequent owner of an owner -occupied <br />affordable dwelling unit must satisfy and <br />comply with the windfall recapture <br />provisions referenced in subsection <br />(4)(a)2.d.ii.; and <br />vii. SPecify that no provision of the <br />restrictive covenant may be amended <br />without the consent of the Board of <br />County Commissioners of Indian River <br />County. <br />a. An applicant may obtain a density bonus by <br />ro eczs uziiizin zne on-site arforgable <br />dwellina unit density bonus he affordable <br />housing density bonus shall be determined as <br />follows: <br />Coding: Words in type are deletions from existing law. <br />Words underlined are additions. <br />11 <br />20 <br />