RES 12524 - Laserfiche WebLink

RESOLUTION NO. 12-524 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLEASANTON, APPROVING THE AFFORDABLE HOUSING AGREEMENT BETWEEN THE CITY OF PLEASANTON AND BRE PROPERTIES, INC., AS FILED UNDER CASE NO. PUD-81- 30-86D. WHEREAS, Pleasanton Municipal Code Chapter 17.40 (adopted by Ordinance No. 1488) sets forth a Lower Income Housing Fee requirement to support an affordable housing program which authorizes the City to enter into regulatory agreements with developers to exempt projects from the lower-income housing fee if a project provides fifteen percent (15%) of its residential units at affordable levels; and WHEREAS, BRE Properties, Inc. has made an application to the City for an Affordable Housing Agreement for the construction of a mixed-use, high-density residential/commercial development located at the northern corner of Gibraltar Drive and Hacienda Drive, filed under Case No. PUD-81-30-86D; and WHEREAS, the Pleasanton Housing Commission at its meeting of November 17, 2011 reviewed and recommended approval of the Affordable Housing Agreement; and WHEREAS, a duly noticed public hearing was held by the City Council on April 17, 2012, at which time the public was given the opportunity to comment on the Affordable Housing Agreement; and WHEREAS, the City Council considered all the information presented at the public hearing regarding the terms of the Affordable Housing Agreement. NOW, THEREFORE, BE IT RESOLVED THAT THE CITY COUNCIL OF THE CITY OF PLEASANTON DOES RESOLVE, DECLARE, DETERMINE, AND ORDER THE FOLLOWING: SECTION 1. Finds that the proposed Affordable Housing Agreement between the City of Pleasanton and BRE Properties, Inc., is consistent with the City's General Plan and the objectives of the Lower-Income Housing Fee Ordinance and the City's affordable housing polices. SECTION 2. Approves the Affordable Housing Agreement between the City of Pleasanton and BRE Properties, Inc., a copy of which is attached hereto as Exhibit A and incorporated herein by this reference; and authorizes the City Manager to execute the Affordable Housing Agreement in generally the form attached as Exhibit A. SECTION 3. This resolution shall become effective upon the effective date of the ordinance approving the PUD development plan and development agreement amendment for this project. PASSED, APPROVED, AND ADOPTED by the City Council of the City of Pleasanton at a regular meeting held on April 17, 2012. 1