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ATTACHMENT 3 <br /> RESOLUTION NO. 10- <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLEASANTON, <br /> APPROVING THE AFFORDABLE HOUSING AGREEMENT BETWEEN THE <br /> CITY OF PLEASANTON AND CIVIC SQUARE, LLC, REGARDING THE CIVIC <br /> SQUARE APARTMENTS EXPANSION PROJECT <br /> WHEREAS, Ordinance No.1488 of the City of Pleasanton sets forth a Lower <br /> Income Housing Fee requirement to support an affordable housing program (at <br /> Chapter 17.40 of the Pleasanton Municipal Code) which authorizes the City to enter into <br /> regulatory agreements with developers to exempt projects from the lower- income <br /> housing fee if a project provides fifteen percent (15 of its residential units at <br /> affordable levels; and <br /> WHEREAS, Civic Square, LLC has made an application to the City for an <br /> Affordable Housing Agreement for the Civic Square Apartments expansion project; and <br /> WHEREAS, the Civic Square Apartments expansion project is categorically <br /> exempt from the requirements of the Califomia Environmental Quality Act (CEQA), <br /> Section 15332, In -Fill Development Projects, Article 19; and <br /> WHEREAS, a duly noticed public hearing concerning the Affordable Housing <br /> Agreement was held by the City Council on April 20, 2010; and <br /> WHEREAS, the City Council considered all the information presented at the <br /> public hearing by Civic Square, LLC, staff, and members of the public regarding the <br /> terms of the Affordable Housing Agreement. <br /> NOW, THEREFORE, BE IT RESOLVED THAT THE CITY COUNCIL OF THE CITY OF <br /> PLEASANTON DOES RESOLVE, DECLARE, DETERMINE, AND ORDER THE <br /> FOLLOWING: <br /> SECTION 1. Finds that the proposed Affordable Housing Agreement between <br /> the City of Pleasanton and Civic Square, LLC, is consistent with the City's General Plan <br /> and the objectives of the Lower Income Housing Fee ordinance and the City's <br /> affordable housing policies. <br /> SECTION 2. Approves the Affordable Housing Agreement between the City of <br /> Pleasanton and Civic Square, LLC, a copy of which is attached hereto as Exhibit C and <br /> incorporated herein by this reference; and authorizes the City Manager to execute the <br /> Affordable Housing Agreement. <br /> SECTION 3. This resolution shall become effective immediately upon its <br /> passage and adoption. <br /> 1 <br />