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03
City of Pleasanton
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2009
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081809
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8/13/2009 12:30:36 PM
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8/13/2009 12:30:34 PM
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CITY CLERK
CITY CLERK - TYPE
STAFF REPORTS
DOCUMENT DATE
8/18/2009
DESTRUCT DATE
15 Y
DOCUMENT NO
03
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B. The monthly rent for 23 of the 50% Units shall not exceed one twelfth of 50% of <br /> the Area Median Income for a single- person household multiplied by 30 The <br /> monthly rent for 46 of the 50% Units shall not exceed the rent for a one bedroom <br /> unit with allowable utility allowances at 50% of the Median Income Level for <br /> Alameda County as published annually by the California Tax Credit Allocation <br /> Committee. <br /> C. The monthly rent for 55 of the 60% Units shall not exceed one twelfth of 50% of <br /> the Area Median Income for a single person household multiplied by 30 The <br /> monthly rent for 5 of the 60% Units shall not exceed the rent for a one bedroom <br /> unit with allowable utility allowances at 60% of the Median Income Level for <br /> Alameda County as published annually by the California Tax Credit Allocation <br /> Committee. The monthly rent for the 9 two bedroom units shall not exceed one- <br /> twelfth of 60% of the Area Median Income for a two person household multiplied <br /> by 30 <br /> D. If HUD fails to issue revised median household income statistics for the Oakland <br /> Primary Metropolitan Statistical Area within 15 months of the previous revision, <br /> rents for units referred to in this Section I may be adjusted based on the annual <br /> percentage increase in the San Francisco- Oakland Consumer Price Index for <br /> urban wage earners and clerical workers. <br /> E. The rents described herein shall exclude utilities in the broadest sense, including, <br /> but not limited to gas, electricity, water, garbage, television cable, telephone, and <br /> internet service; provided, however, that if such utilities are offered at no cost to <br /> tenants who rent market rate units they shall also be offered at no cost to the <br /> tenants who rent Affordable units. <br /> P. The Affordable units shall be located randomly throughout the apartment building <br /> as reasonably determined by the Owners so as not to cluster such units. The units <br /> described in this section shall not be fixed in the building and may change <br /> depending on vacancies. <br /> O. The Affordable units shall have the same interior standards of quality (e.g., <br /> appliances, interior features /amenities, services, etc.) as the market rate units. <br /> H. 'the unit mix for the Affordable units shall be: <br /> One bedroom units at 50% of Area Median Income 69 units <br /> One bedroom units at 60% of Area Median Income 60 units <br /> Two bedroom units at 60% of Area Median Income 9 units <br /> All Affordable units shall be rented in accordance with the City's Preference <br /> System, as may be amended, with the most current version attached as Exhibit 2. <br /> 2 <br />
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