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4. Adopt resolutions approving the affordable housing agreements for the two sites (Site 1, Attachment 4 and Site 2, Attachment 5); 5. Adopt a resolution (Attachment 6) approving the Development Agreement Amendment to: (a) extend the term of the Development Agreement to five years from the date of approval of the two Development Plans, filed as Case Nos. PUD-85-08-12D and PUD- 81-30-86D; and (b) incorporate approval of the development standards and design guidelines of the Hacienda Transit Oriented Development (TOD) Standards and Guidelines, filed as Case No. P11-0856; 6. Introduce the attached draft ordinances (Site 1, Attachment 1 and Site 2, Attachment 2) approving PUD-85-08-12D and PUD-81-30-86D, development plan approval to construct: (1) 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; and (2) a high-density residential development containing 247 residential units, four live/work units, and an approximately 0.55-acre public park, subject to the conditions of approval listed in Attachment 1, Exhibit A-1 and Attachment 2, Exhibit A-2; and 7. Adopt a resolution approving the Growth Management Agreements for the two sites (Attachment 7). FINANCIAL STATEMENT The projects would be expected to generate revenues to cover its costs of service. Increases in property and sales taxes would be used to provide services, such as police, fire, etc., for the increased demand generated by the apartments and commercial/retail uses for both sites. The applicant would also be responsible to pay the costs of the necessary utility and infrastructure improvements for the projects. BRE will construct trails and park improvements/amenities, and the City will bear financial responsibility for maintaining the asphalt portion of the trails and park as part of its ongoing park maintenance operations. PROJECT BACKGROUND On March 1, 2011, City Council adopted the Hacienda Transit Oriented Development (TOD) Standards and Design Guidelines which were an outcome of the Settlement Agreement for the Urban Habitat v. City of Pleasanton litigation and the Hacienda TOD Task Force. The standards and guidelines provide direction in regard to uses, density, affordability, building mass and height, setbacks, open space, parking, access, and street character for three vacant sites in Hacienda Park, including the two pertaining to these two PUD applications. In addition to Planning and Housing Commission application review, the public review of these two PUD applications has included two separate work sessions, the first of which was held on October 17, 2011 with the Planning Commission and the second on February 8, 2012 at a Joint Workshop with the City Council and Planning Commission. Staff has included the October 17, 2011 Planning Commission work session meeting Page 2 of 14