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ATTACHMENT 6 THE CITY OF Housing Commission Ill Information Report pLE ASANTON® REVISED February 18Item 0 80 SUBJECT: Amendment to an Affordable Housing Agreement for the Civic Square Apartments (4800 Bernal Avenue) Recommended for City Council Approval in February 2009 (PUD- 84- 21 -4M) STAFF RECOMMENDATION: Recommend the City Council approve the Draft Amended Affordable Housing Agreement for the Civic Square Apartment Development ATTACHMENTS: 1. Draft Affordable Housing Agreement 2. Housing Commission Minutes from February 16, 2009 3. Housing commission Agenda Report from February 16, 2009 Background In February of 2009 the Housing Commission approved an affordable housing agreement with Braddock and Logan as part of its proposal to remodel the existing rental office, remove the existing tennis court and add 12 new apartment units in three building at its Civic Square apartment complex located at 4800 Bernal Avenue. While the development did not meet the threshold to be subject to the City's Inclusionary Zoning Ordinance, all parties agreed to an affordability level consisting of two apartment units restricted to households with incomes at 80% or less of the Area Median Income (AMI) and 10 apartments units to households with incomes at 120% or less of the AMI. In May 2009, the City Council decided against taking action on the PUD application and requested the developer pursuer further amenities including green building, including photovoltaic rooftop energy, universal design, affordability for perpetuity and additional units. In response, the developer has redesigned the project to include 36 new units with a completely redesigned center area including a new expanded swimming pool and sun deck, a 540 square foot resident lounge, a 700 square foot exercise facility, and a new 520 square foot leasing office. Page 1