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HACIENDA PLEASANTON LP
City of Pleasanton
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LONG TERM AGREEMENT
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HACIENDA PLEASANTON LP
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8/23/2013 4:47:59 PM
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8/23/2013 12:21:43 PM
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LONG TERM AGREEMENTS
LONG TERM AGREEMENTS - DOCUMENT DATE
5/21/2013
LONG TERM AGREEMENTS - NAME
HACIENDA PLEASANTON LP
LONG TERM AGREEMENTS - TYPE
MISC AGMT
LONG TERM AGREEMENTS - RECORD SERIES
704-06 (Long Term Agreements)
LONG TERM AGREEMENTS - DESTRUCTION DATE
PERMANENT
LONG TERM AGREEMENTS - NOTES
ST ANTON
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Income/ household income statistics for the San Francisco-Oakland-Fremont <br /> Metropolitan Statistical Area within I S months of the previous revi sion,rents for <br /> the Affordable units may be adjusted based on the annual percentage increase in <br /> the San Francisco-Oakland Consumer Price Index for urban wage earners and <br /> clerical workers. <br /> F. The rents described herein shall exclude gas and electricity,and to the extent not <br /> paid for by the Developer, water and garbage; provided,however,'hat if any or <br /> all of such utilities are offered at no cost to market rate units they shall also be <br /> offered at no cost to the Affordable units. <br /> G. The Affordable units shall be dispersed throughout the Project unless otherwise <br /> approved by the City.The Affordable units shall not be fixed in the Project and <br /> may change depending on vacancies. <br /> H. The Affordable units shall have comparable interior standards of q aality(e.g., <br /> appliances, interior features/amenities,services,etc.) as the market rate units. <br /> Affordable units shall be rented to qualified applicants in accordan:e with the <br /> City's Preference System,as may be amended, with the most current version set <br /> forth in Attachment 2. unless otherwise mandated by federal or stare laws <br /> governing fair housing and low income housing tax credits upon which the City <br /> and Developer shall mutually agree to a different process as permitted by such <br /> laws. <br /> J. Once each year,the Developer(or the Developer's successor in interest) shall <br /> provide the City a report detailing the average annual income of to rants <br /> occupying the Affordable units for each of the income categories listed in this <br /> Section I ,the number persons in each household occupying the Affordable units, <br /> the number of vacancies and new rentals during the year for the Affordable units. <br /> K. No tenant qualifying as a tenant under the very low income restrictions set forth <br /> above upon initial occupancy shall be denied continued occupancy of a unit in the <br /> Project because,after admission, the aggregate gross income of all tenants in the <br /> unit occupied by such tenants increases to exceed the qualifying vtry low income <br /> limit. However,should the aggregate gross income of tenants in a very low <br /> income unit,as of the most recent determination thereof,exceed one hundred <br /> forty percent(140%)of the very low income limit for such unit occupied by the <br /> same number of tenants, the next available unit of comparable or smaller size <br /> must be rented to (or held vacant and available for immediate occupancy by) a <br /> tenant qualified under the very low income restrictions set forth above.The unit <br /> occupied by such tenants whose aggregate gross income exceeds the very low <br /> income limit shall continue to be treated as an Affordable unit at tie initial <br /> income limit for which such tenants qualified for occupancy unless and until an <br /> available unit in the Project of comparable or smaller size is rentec to persons <br /> 3 <br />
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