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15
City of Pleasanton
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2013
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052113
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5/16/2013 4:26:15 PM
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5/14/2013 12:23:22 PM
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CITY CLERK
CITY CLERK - TYPE
AGENDA REPORT
DOCUMENT DATE
5/21/2013
DESTRUCT DATE
15Y
DOCUMENT NO
15
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the financial risk/advantages of making its IUC's available to another development and <br /> the terms of any transfer would occur between it and the developer seeking to utilize the <br /> IUC's. <br /> In addition to the terms related to the issuance and use of IUC's, the agreement also <br /> reflects the City's agreement to waive the City Public Facility Fee and a portion of the <br /> Traffic Impact Fee so that the total fee waiver equals $500,000. This amount of waiver <br /> is based on financial information provided by St. Anton Partners indicating the amount <br /> of financial support required to close the financing gap required to meet the 50% AMI <br /> goals established by both parties. The fee waiver would occur at the time of building <br /> permit and only if the project includes 35 units affordable at 50% AMI. As indicated <br /> previously, the loss of development fee revenue will be reimbursed from proceeds from <br /> the Lower Income Housing Fund and as such, there will be no reduction in fee revenue <br /> to the City. <br /> Growth Management <br /> The growth management agreement for the project is included with Attachment 3. The <br /> agreement states that all 168 units will receive growth management approval in 2013. <br /> Exceptions Requested by Applicant <br /> The project conforms to most of the Standards. As described on pages 12 and 13 in <br /> the attached Planning Commission staff report, the applicant requested four exceptions <br /> to the Standards: a reduction in the percentage of ground floor units with street entries; <br /> a reduction in the rear yard minimum for a corner of one building; a reduction in the side <br /> yard minimum for a small portion of the "U"-shaped building, and an exception to the <br /> requirement for stepping back of facades above 35 feet in height. Since the Planning <br /> Commission report was completed, the applicant has redesigned some of the ground <br /> floor units to meet the requirement for 75 percent of units to have street entries <br /> (additional ground floor entries shown in Attachment 9). Staff and the Planning <br /> Commission support the remaining requested exceptions based on the unusual <br /> configuration of the lot, the required density for the site, and the quality of design. <br /> Developer's Binding Commitment Regarding use of In-Lieu Park Fees <br /> St. Anton Partners has provided a letter dated May 15, 2013 making a binding <br /> commitment to pay in lieu park fees prior to building permit issuance to be used for <br /> improvements to Bernal Park. The letter is included as Attachment 8 and is referred to <br /> in Exhibit A Condition of Approval No. 5. <br /> HOUSING COMMISSION ACTION <br /> At its May 2, 2013, meeting, the Housing Commission approved the agreement <br /> described on pages 5 to 9 of this report. This was a variant of an option presented in <br /> the Housing Commission Agenda Report (Attachment 7, Exhibit D). Draft minutes of <br /> the Housing Commission meeting are included in Attachment 6. <br /> PLANNING COMMISSION ACTION <br /> The Planning Commission held a public hearing on May 8, 201:3, to review the <br /> proposed project. Detailed information on this meeting is provided in Attachment 5, <br /> Page 9 of 14 <br />
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