18 ATTACHMENT 1-4; 6-9 - Laserfiche WebLink

DRAFT (a) Pleasanton Traffic Impact Fee. Developer shall pay to City the Pleasanton Traffic Impact Fee in accordance with the City's Non-NPID fee schedule in effect on the Effective Date of this Agreement, and (b) Tri-Valley Transportation Committee Fee. Developer shall pay to the City the Tri-Valley Transportation Committee Fee as may be applicable. Section 3.04.Below Market Rate Units. As more particularly set forth in the AHA, assuming Developer develops the 305 apartment unit project as contemplated by the GMA and the Project Design Review,Developer shall be obligated to make Fifteen percent(15%) or forty six (46) affordable units available for rent within the Project Site, in accordance with the following: (a) Eight(8)affordable units to households at or below 50%of the Area Median Income ("AMI"); (b) Fifteen (15) affordable units to households at or below 80% of the AMI; (c) Twenty Three (23) affordable units to households at or below 100% of the AMI; (d) The AHA shall more specifically identify the affordable unit mix, including required number of unit types, units for the physically disabled, unit construction quality and location, for these affordable units; (e) The affordable unit rents shall be based on the following household sizes: (1) Studio Unit: One (1) person household; (2) 1 Bedroom Unit: Two (2) person household; (3) 2 Bedroom Unit: Four(4) person household; (4) 3 Bedroom Unit: Five (5) person household; and (f) City acknowledges and finds that in recognition of the Project compliance with the fifteen percent(15%) affordable housing calculation provided in the City's inclusionary zoning ordinance, the Project is exempt from any obligation to pay the City's Lower Income Housing Fee. (g) Developer acknowledges and has demonstrated to the City that the affordable units provided for in this section are not subject to the Ccsta Hawkins Rental Housing Act under the exception provided in Civil Code section 1954.50 and based upon the parties entering into this Development Agreement. Through this Development Agreement Developer is receiving valuable consideration from City, namely the vested rights and entitlements conferred by a Development 6