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detached single-family homes, subject to the Conditions of Approval, Exhibit "A" (Attachment #1). FINANCIAL STATEMENT The proposed development would have a negligible financial impact on the City. Increases in property and sales taxes would be used to provide services, such as police, fire, etc., for the increased demand generated by the 13 residences. The applicant would also pay development impact fees (e.g., low-income housing, public facilities, traffic, water/sewer connection, etc.) that are used to pay for the cost of new City and regional facilities and infrastructure necessitated by development. BACKGROUND The proposed development is located in the Downtown Specific Plan (DTSP) Area. The City Council approved the DTSP in March 2002. The Specific Plan Land Use Designation for the subject site is High Density Residential. In conjunction with the adoption of the DTSP, the General Plan Land Use Designations of several properties were changed to make them consistent with the DTSP Land Use Designations. The General Plan Land Use Designation for the subject site was changed from Medium Density Residential to High Density Residential in the 2005 — 2025 General Plan. The City Council reviewed the applicant's previous proposal for a 14-unit development at its public hearing held on December 7, 2010. After reviewing the application and hearing public testimony, the City Council referred the proposal back to the Planning Commission and provided direction to the applicant. This revised 13-unit project is the applicant's response to the City Council. The Planning Commission reviewed the revised 13-unit development plan at a public workshop held on February 9, 2011 and at a public hearing held on July 13, 2011. For a detailed description of the discussion at the prior City Council and Planning Commission meetings, please see the attached Planning Commission staff report and minutes. The Planning Commission reviewed and unanimously recommended approval of the PUD rezoning and the 13-unit development plan at its meeting of July 13, 2011. The application is now before the Council for final decision. SITE DESCRIPTION The project site, comprised of five parcels totaling approximately 1.17 acres, is located on the north side of Stanley Boulevard. The site topography is relatively flat and contains an existing single-family dwelling built in 1908 and a variety of trees, shrubs, and grasses. The property is bordered on the east by a single-family home and the Del Valle Manor townhome development. The business Window-ology (window covering sales office and warehousing) borders the site to the west. The Union Pacific Railroad borders the site to the north. Single-family homes in the Jensen Tract neighborhood are located on the opposite side of the railroad tracks. Pleasanton Mobile Home Park and single-family homes are located to the south of the subject site, on the other side of Stanley Boulevard. Figure 1, the 2010 aerial photograph/location map on the following page, shows the project site (outlined in red) and the adjoining land uses. Page 2 of 11