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To be continued to April 17, 2012 THE CITY OF -`f CITY COUNCIL AGENDA REPORT 17 p L E ASANTON® April 3, 2012 Community Development Planning Division TITLE: CONSIDER APPLICATIONS FOR: (1) PLANNED UNIT DEVELOPMENTS INCLUDING PUD-85-08-12D (WP CAREY, LOCATED AT THE SOUTHEAST CORNER OF OWENS DRIVE AND WILLOW ROAD) AND PUD-81-30-86D (BRE, LOCATED AT THE NORTHERN CORNER OF GIBRALTAR DRIVE AND HACIENDA DRIVE) FOR MIXED-USE HIGH- DENSITY RESIDENTIAL/COMMERCIAL DEVELOPMENTS IN HACIENDA BUSINESS PARK; (2) AMENDMENTS TO THE PHASE I AND PHASE II DEVELOPMENT AGREEMENTS (P11-0856); AND (3) THE MITIGATED NEGATIVE DECLARATION PREPARED FOR THE PROJECTS SUMMARY The applications are for a mixed-use high-density residential/commercial development containing 251 residential units, four live/work units, and approximately 5,700 square- feet of retail space on the WP Carey site (Site 1); and a high-density residential development containing 247 residential units, four live/work units, and an approximately 0.55-acre public park on the BRE site (Site 2). HOUSING COMMISSION RECOMMENDATION The Housing Commission recommended approval of the affordable housing agreements. Please refer to Attachment 4 and Attachment 5 for the affordable housing agreements. PLANNING COMMISSION RECOMMENDATION The Planning Commission recommended approval of the PUD development plan applications, exceptions to the Hacienda TOD Standards and Design Guidelines, and amendments to the Development Agreement subject to the conditions of approval in Attachment 1 and Attachment 2. RECOMMENDATION 1. Find that the projects would not have a significant effect on the environment and adopt a resolution approving the draft Mitigated Negative Declaration (Attachment 3); 2. Find that the exceptions to the Hacienda TOD Standards and Design Guidelines as stated in the March 14, 2012, Planning Commission staff report (pages 12-15 in Attachment 10) are appropriate for the two sites; 3. Make the PUD findings for the proposed development plans as stated in the March 14, 2012, Planning Commission staff report (pages 21-24 in Attachment 10);