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Attachment B STATE OF MINNESSOTA COUNTY OF RAMSEY CITY OF SHOREVIEW ORDINANCE NO.1002 AN ORDINANCE TO AMEND CHAPTER 200 OF THE MUNICIPAL CODE THE COUNCIL OF THE CITY OF SHOREVIEW ORDAINS that Chapter 200, Development Regulations, is hereby amended by revising Section 202, Definitions, Section 20S.080 Residential Overview, Section 20S.083 Attached Residential District (R2), and Section 20S.084 Multiple Dwelling Residential District (R3). Section 202 Definitions. 202.070. Unless specifically defined below, in Section 205.097 pertaining to Flood Plan Management, or in Section 208.020 pertaining to Signs, words or phrases used in the City of Shoreview Code of Ordinances shall be interpreted so as to give them the some meaning as they have in common usage and so as to give subject code its most reasonable application. Affordable Housing. Housing if affordable when no more than 30 percent of the gross income of the household is required to pa_y for such housing and utility costs, fees and charges. Affordable Rents. Affordable rent and utilities as part of the Inclusionary Housing Policy will be based on the higher of the HUD Fair Market Rents for the Metropolitan Statistical Area or, if applicable, the Multifamily To Subsidy Projects (MTSP). Income limits are used to determine qualification levels as well as set maximum rental rates for projects funded with tax credits or tax exempt housing bonds authorized under the Internal Revenue Code. as adiusted annually. Area Median Income (AMI). The median household income as most recently determined by the United States Department of Housing and Urban Development for the Minneapolis -St. Paul -Bloomington Metropolitan Statistical Area, as adjusted for household size and number of bedrooms. Density Bonus Unit. A unit as a result of increase in density permitted above the per acre limit established by the city code.