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THE CITY OF Housing Commission <br /> • <br /> Agenda Report <br /> pLEASANTON0 February 21,2013 <br /> SUBJECT: Approval of an Affordable Housing Agreement <br /> with Pleasanton Partners for a 305 Unit Apartment <br /> Development at 4452 Rosewood Drive (PUD-85-08- <br /> ID-4M) <br /> STAFF RECOMMENDATION: Approve the attached affordable housing agreement <br /> with Pleasanton Partners, LLC and recommend that it <br /> be approved by the City Council as part of the PUD <br /> approval process. <br /> ATTACHMENTS: 1. Recommended Affordable Housing Agreement <br /> 2. lnc/usionart, Ordinances after Palmer and Patterson, <br /> publication from Goldfarb & Lipman LLP <br /> 3. City Resolution 10-390 concerning enhancements to <br /> existing non-discrimination policies <br /> BACKGROUND <br /> The approximately 8.4-acre southern portion of the 60.9-acre California Center property (CARR <br /> America) was one of the nine sites rezoned in January 2012 for high-density multifamily <br /> development in order to meet the City's share of the regional housing need. The zoning for the <br /> northern approximately 52.5-acres was not changed and is zoned Planned Unit Development-- <br /> Industrial/Commercial-Office (PUD-I/C-O) with a Hacienda land use designation of Mid-Rise <br /> Office Planning District (OMPD). The 8.4-acre southern portion of the site is required to provide <br /> a density of at least 35 units per acre (294 units) with no more than 40 units per acre (336 units). <br /> Up to 10,000 sq. ft. of retail is also permitted on this site with no minimum required. Recently, <br /> Pleasanton Partners, LLC has submitted a development application for the 8.4-acre site that <br /> includes: <br /> • Five residential buildings housing 305 apartment units, three community/leasing office <br /> buildings totaling approximately 6,830 sq. ft. in area, and two retail buildings totaling <br /> approximately 7,520 sq. ft. in area. The density of the project is 36.3 dwelling units per acre <br /> on the 8.4-acre project site. There would be two residential building types: one podium style <br /> building containing 197 units and four garden style buildings containing a total of 108 units. <br /> Page - I - <br />