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<br />8. Documentation and specifications regarding the exterior appearance, <br />materials and finishes of the development for each of the affordable <br />dwelling units illustrating that the appearance of affordable units are <br />comparable to the appearance of the market-rate units. <br />9. An Affordable Dwelling Unit Management Plan documenting policies <br />10. and procedures for administering the affordable dwelling units in <br />accordance with the Affordable Housing Performance Agreement. <br />11. All other information that the City may require that is needed to achieve <br />the Council’s affordable housing goals. <br />9. Recorded Agreements, Conditions and Restrictions. <br />a. An Affordable Housing Performance Agreement shall be executed between the City and <br />a Developer, in a form approved by the City Attorney, based on the Affordable Housing <br />Plan described in Section 8 of this Policy, which formally sets forth development approval <br />and requirements to achieve Affordable Housing in accordance with this policy and <br />location criteria. The Agreement shall identify: <br />i. The location, number, type, and size of affordable housing units that are to be <br />constructed. <br />ii. Sales and/or rental terms; occupancy requirements. <br />iii. A timetable for completion of the units; and <br />iv. Restrictions to be placed on the units to ensure their affordability and any terms <br />contained in the approval resolution by the City as applicable. <br />b. The applicant or owner shall execute all documents deemed necessary by the City, <br />including, without limitation, restrictive covenants, and other related instruments, to <br />ensure the affordability of the affordable housing units in accordance with this Policy. <br />c. The applicant or owner must prepare and record all documents, restrictions, easements, <br />covenants, and/or agreements that are specified by the City as conditions of approval of <br />the application prior to issuance of any zoning permits or approvals for any development <br />subject to this Policy. <br />d. Documents described above shall be recorded with the County Registry of Deeds as <br />appropriate. <br />10. Definitions. <br />a. Affordable Dwelling Unit: The required affordable dwelling units within a residential <br />project subject to this policy shall meet an income eligibility and rent affordability standard <br />for the term as set in this Policy. <br />b. Affordable Housing Plan: A plan that documents policies and procedures for <br />administering the affordable dwelling units in accordance with the Affordable Housing <br />Performance Agreement. <br />c. Affordable Housing Performance Agreement: Agreement between the City and the <br />developer which formally sets forth development approval and requirements to achieve <br />Affordable Housing in accordance with this policy. <br />d. Area Median Income (AMI): the AMI as determined by the Metropolitan Council of the <br />Twin Cities at the time of development.