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Lower Income Housing Fund (Fund 2711 <br /> Amount collected in previous fiscal years subject to 5 year limitation: $7,296,298 <br /> Funds are committed to the following projects: <br /> • Kottincier Place Redevelopment— project#271002 <br /> Description: Redevelopment of Kottinger Place with an increase in <br /> units ranging from 120 to 150 units. <br /> Approximate project completion date: 2015 <br /> Project cost: $42,000,000 <br /> % funded by development impact fees: 19% <br /> Source of funding: Lower Income Housing Fees, Tax Credits, <br /> HUD 202 Funds, private bank loans <br /> Section 2: City Clerk shall certify to the passage of this resolution and enter it into the <br /> book of original resolutions. <br /> PASSED, APPROVED AND ADOPTED by the City Council of the City of Pleasanton at <br /> a regular meeting held on <br /> I, Karen Diaz, City Clerk of the City of Pleasanton, California, certify that the foregoing <br /> resolution was adopted by the City Council at a regular meeting held on the , by the following <br /> vote: <br /> Ayes: <br /> Noes: <br /> Absent: <br /> Abstain: <br /> Karen Diaz, City Clerk <br /> APPROVED AS TO FORM: <br /> Jonathan P. Lowell, City Attorney <br />