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Council debates monitoring, documentation in draft CIMD affordability covenant; staff seeks to finalize language
Summary
Staff presented a revised draft covenant for workforce/affordable units under the CIMD process; councilors debated the level of tenant verification and monitoring, and one applicant said the current revisions are acceptable pending minor future edits.
At a Feb. 10, 2025 workshop, City of Boca Raton staff briefed the council on a revised draft of the CIMD covenant for affordability and engaged councillors and applicants about monitoring, tenant verification and administrative burden.
Brandon Chadd, the city’s development services director, said that since council action in October staff had worked with applicants and that the latest draft, distributed the morning of the workshop, "substantially addresses and resolves" most comments. Chadd identified one outstanding point from a submission received by the mayor: whether income should be determined solely from the prior year’s tax returns or projected for the lease year and substantiated by pay stubs, bank statements or…
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