City of Malden - File #: 516-22

• File #: 516-22
• Version: 1
• Type: Ordinance
• Status: Passed
• File created: 12/7/2022
• In control: City Council
• On agenda: 2/14/2023
• Final action: 2/14/2023
• Title: Be it hereby Ordained by the Malden City Council that the Code of the City of Malden (MCC) 12.12.300(G)(3) Inclusionary Zoning is hereby amended by striking and including the following language regarding fractional units:
• Sponsors: Peg Crowe

Date	Ver.	Action By	Action	Result
2/14/2023	1	City Council	enrolled	Pass
2/14/2023	1	City Council	rules suspended	Pass
2/14/2023	1	City Council	ordained	Pass
12/13/2022	1	City Council	referred	Pass

Title

Be it hereby Ordained by the Malden City Council that the Code of the City of Malden (MCC) 12.12.300(G)(3) Inclusionary Zoning is hereby amended by striking and including the following language regarding fractional units:

Body

Fractional Units. Where the required number of Affordable Housing Units results in a fraction of a unit, the required number shall either be:

a.                     rounded down to the nearest whole number and the difference shall be realized as a cash payment made to the Affordable Housing Trust Fund equal to the fractional unit multiplied by three hundred thousand dollars ($300,000) the current fee-in-lieu; or

b. rounded up to the nearest whole number.