RES 08236 (2) - Laserfiche WebLink

RESOLUTION NO. 08-236 (2) A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLEASANTON, ADOPTING THE TRI-VALLEY TRANSPORTATION DEVELOPMENT FEE PURSUANT TO THE REQUIREMENTS OF THE JOINT EXERCISE OF POWERS AGREEMENT WHEREAS, the Association of Bay Governments (ABAG) projects an additional 157,000 new residents, 58,000 new households and 121,000 new jobs in the geographical area comprising the San Ramon Valley, Livermore Valley and Amador Valley by the year 2020; and WHEREAS, unless the traffic impact of the additional residents, households and jobs is timely and adequately mitigated, the quality of life for the existing residents of the Cities and Counties within the Tri-Valley area will be adversely affected; and WHEREAS, the City of Pleasanton entered into a Joint Exercise of Powers Agreement (JEPA) with the Counties of Alameda and Contra Costa, the Cities of Dublin, Livermore, San Ramon and the Town of Danville to collect Tri-Valley Transportation Development Fees on developments within their respective jurisdictions requiring a Land Use Entitlement to fund off- site infrastructure necessary to mitigate the effects of the ABAG projected growth; and WHEREAS, the Tri-Valley Transportation Council (TVTC) identified and prioritized a list of Projects (PROJECTS), as set forth in Exhibit A, attached hereto and incorporated herein by this reference, necessary to provide for the mitigation of the ABAG grown projections; and WHEREAS, the TVTC commissioned a study entitled Tri-Valley Transportation Council Nexus Study (STUDY) to determine what fees should be collected for each land use to generate sufficient revenue to fund the unfunded cost of the selected PROJECTS; and WHEREAS, the TVTC by Resolution No. 2008-05 directed each of the signatories of the JEPA to collect the following development fees as set forth in Exhibit B, attached hereto and incorporated herein by this reference, which are less than those determined by the Study to be necessary for the designated Fiscal Years and land uses, which fees are less than those determined by the STUDY to be necessary to fund the unfunded cost of the projects titled List A as 1st priority and titled List B as 2nd priority in Exhibit A; and WHEREAS, the TVTC acknowledges the need for the creation of additional housing in the Tri-Valley affordable to very low, low, and moderate income households as defined respectively in the State of California Health and Safety Codes Sections 50105, 5007.5, and 50093 or as amended; and WHEREAS, the State of California Housing and Community Development (HCD) encourages affordable housing to remain deed restricted for 45 years for single family residences and 55 years or longer for multi-family projects and by affordability covenants recorded on the property; and WHEREAS, TVTC waives the TVTD fee for all very low, low and moderate income affordable housing units meeting the applicable State of California Health and Safety Code Sections requirements and having a minimum affordability term of 55 years (multi-family) and 45 years (single family) based on the percentage of affordable housing units to the total number of units in the project; and