My WebLink
|
Help
|
About
|
Sign Out
18 ATTACHMENT 1-4; 6-9
City of Pleasanton
>
CITY CLERK
>
AGENDA PACKETS
>
2013
>
041613
>
18 ATTACHMENT 1-4; 6-9
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
8/28/2015 3:03:53 PM
Creation date
4/10/2013 3:42:07 PM
Metadata
Fields
Template:
CITY CLERK
CITY CLERK - TYPE
AGENDA REPORT
DOCUMENT DATE
4/16/2013
DESTRUCT DATE
15Y
DOCUMENT NO
18 ATTACHMENT 1,4,6,9
Jump to thumbnail
< previous set
next set >
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
206
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
AI lACHMENT I <br /> Recorded at the Request of <br /> and when recorded, return to: <br /> City of Pleasanton <br /> P.O. Box 520 <br /> Pleasanton, CA 94566 <br /> Exempt per(inv. Code§273&? <br /> AFFORDABLE HOUSING AGREEMENT <br /> This AGREEMENT is made this _day of , 2013, by the CITY OF <br /> PLEASANTON, a Municipal Corporation ("City"), and PLEASANTON PARTNERS, LLC a <br /> Delaware limited liability company ("Developer"). <br /> Recitals <br /> A. Developer currently owns an 8.4 acre site at 4452 Rosewood Drive, Pleasanton, <br /> California, more particularly described in Attachment I attached hereto and incorporated <br /> herein by reference (the "Property"). <br /> B. For the Property, Developer has obtained all necessary entitlements to develop a mixed <br /> use and residential housing project consisting of 305 apartment units, 6,1330 square feet of <br /> leasing and recreational facilities, and approximately 7,520 square feet cf <br /> commercial/retail development (collectively the "Project"). <br /> C. Developer and the City wish to make a certain number of the apartment units within the <br /> Project available to households with incomes between one hundred percent (100%) <br /> (median income) and fifty percent (50%) (very-low income) of the Area Median Income. <br /> D. Area Median Income (AMI) shall mean the area median income for the San Francisco- <br /> Oakland-Fremont Metropolitan Statistical Area adjusted for household size in accordance <br /> with adjustment factors adopted and amended from time to time by the United States <br /> Department of Housing and Urban Development (HUD) pursuant to Section 8 of the <br /> United States Housing Act of 1937 or any successor statute. <br /> E. Execution of this Agreement meets the requirements of the City's Inclusionary Zoning <br /> Ordinance and shall be in lieu of paying the City's Lower Income Housing Fee for the <br /> Project. <br /> NOW, THEREFORE, in consideration of the mutual covenants, agreements and <br /> conditions contained herein, City and Developer agree as follows: <br /> I. Of the 305 apartment units, 46 shall be "Affordable" units. Developer shall make eight <br /> (8) Affordable units available for rent to households at or below 50°/, of the Area Median <br />
The URL can be used to link to this page
Your browser does not support the video tag.