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the focus of a Hacienda Transit Oriented Development planning effort that is being guided by the Hacienda Task Force. Consistent with a provision in the 2003 Housing Element to rezone land sufficient to accommodate the City's share of the regional housing need, on November 3, 2009 the City Council approved Ordinance No. 1998 (Exhibit C). That ordinance rezoned the three subject sites to allow Mixed Use development and required a minimum density of 30 units per acre for any residential development. On October 19, 2010, the City Council approved Ordinance No. 2012 (Exhibit D) that eliminated Section 5 of Ordinance No. 1998 which stated that any subsequent development plan for mixed use or residential development could not be approved until the completion of the PUD Major Modification. This action was taken in accordance with a Settlement Agreement approved by the City Council in the matter of Urban Habitat v. City of Pleasanton. (See Exhibit F) Also included in the Settlement Agreement is a requirement that the City adopt Core Development Standards (see Section 7.3.1. of Exhibit F) for the three vacant parcels near the BART station in Hacienda, and that the standards are adopted no later than January 4, 2011. PROJECT DESCRIPTION The Core Development Standards required by the Settlement Agreement are as follows: (1) Density: Minimum of 30 units per acre (2) Affordability: The greater of (a) 15 percent of all units, or (b) 130 units, will be made available exclusively to very-low income (50% of AMI) households. Through the affordable housing agreements entered into between the City and each developer, these affordable units will be deed - restricted in perpetuity. The affordable housing agreements will be recorded and will run with the land. (3) Section 8 Rental Assistance Vouchers: Through the affordable housing agreements entered into between the City and each developer, the developments will be required to accept HUD Section 8 Rental Vouchers as a means of assisting qualified applicants. (4) Bedroom Mix of Affordable Units: A minimum of 10 percent of the total affordable units will be three - bedroom units; a minimum of 35 percent of the total affordable units will be two- bedroom units; and the remaining affordable units will be one bedroom units. (5) Location of Affordable Units: Affordable units will be dispersed throughout the development. The attached draft sections (Exhibit B) incorporates the above core standards. The Planning Commission is being asked to make a positive recommendation to the City Council regarding the adoption of this draft Ordinance. DISCUSSION The adoption of Core Development Standards for the three Hacienda sites is one of a series of actions described in the Settlement Agreement. All residential development applications for these sites will be subject to these Core Development Standards. At the same time, the Case No. PRZ -57, City of Pleasanton Planning Commission Page2of3