South El Monte

City Council

July 15, 2025 Order of Business 10 #d

Agenda Item d

10.d. CONSIDERATION AND APPROVAL OF RESOLUTION NO. 25-070,\nAMENDING THE MASTER AFFORDABLE HOUSING COVENANT AND\nDENSITY BONUS AGREEMENT, AFFORDABILITY COVENANTS AND\nRESTRICTIONS BETWEEN THE CITY OF SOUTH EL MONTE AND KB\nHOME FOR THE PROPERTY LOCATED AT 2540 ROSEMEAD\nBOULEVARD.\nApproval of amendment to the Master Affordable Housing Covenant,\nDensity Bonus Agreement, and Affordability Covenants and Restrictions\nRECOMMENDED ACTION: Staff recommends City Council adopt\nResolution No. 25-070, amending the previously approved Master\nAffordable Housing Covenant and Density Bonus Agreement, and\nAffordability Covenants and Restrictions.\nGeneral Business Item 10.e. next page.