(a) Information to Be Considered. The County shall determine economic feasibility as discussed under Sections 13.10.393 and 13.10.394 and the financial equivalency of any alternative incentive(s) as discussed under Section 13.10.392 only after review of economic analysis and information supplied by the applicant, and other interested parties, and County staff. The applicant may be required to submit financial information, including without limitation a statement showing sources and uses of funds and/or a complete development pro forma, on a standardized form provided by the County Planning Department.
(b) Basis of Decision. The County may consider a development feasible without any additional concession, incentive, modification, or waiver of development standards if the net economic burden of providing the affordable units necessary for the density bonus does not adversely affect the overall feasibility of the development.
(c) Fee. Applications requesting a waiver or modification under Section 13.10.394, shall be accompanied by a fee reflected in the Unified Fee Schedule, to compensate for the cost of determining development feasibility. In addition, where the County proposes to provide a concession or incentive that the Applicant contends does not significantly assist the economic feasibility of the proposed development, the Applicant shall submit a fee reflected in the Unified Fee Schedule, to compensate for the cost of the County’s determination of economic impact. (Ord. 4346, 12/13/94)