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the developer may request, and is eligible for a waiver or modification of the standards upon submittal of a financial report substantiating the need. Other provisions In addition to the density bonus and incentive /concession requirements summarized above, pursuant to the law, the density bonus ordinance also allows the following benefits: • Parking ratios: The law allows for reduced parking ratios', inclusive of handicapped and visitor parking, as follows: Zero to one bedrooms: one on -site parking space per unit Two to three bedrooms: two on -site parking spaces per unit Four and more bedrooms: two and one -half parking spaces per unit Land donation: A housing developer who donates land to the City for development of very low income housing is eligible for additional density bonus, not to exceed the maximum of 35 percent; • Child care facilities: A developer of affordable housing who includes child care facilities is also entitled to a bonus of additional square feet or an additional incentive or concession; • Condo conversion: A condo conversion project that includes the provision of low or moderate income units is eligible for a density bonus or incentive; Lastly, the ordinance provides specific standards for standards for the target units. It includes requirement s review, including findings, and mandates a density b specific provisions. OUTREACH AND PUBLIC NOTICE affordability and development for application submittal and onus housing agreement with A notice regarding the proposed code amendment and related Planning Commission public hearing were published in The Valley Times on August 3, 2013. ENVIRONMENTAL ASSESSMENT The adoption of the 2012 Housing Element was part of the project which was described in the Supplemental Environmental Impact Report certified by the City Council on January 4, 2012. The proposed amendment to the Pleasanton Municipal Code shown The current parking requirements for multifamily development are as follows: Condominiums: two spaces per unit Apartments: Two bedrooms or less: two spaces for first four units; one and one half spaces for each additional unit Three bedrooms or more: two spaces per unit Visitor parking: one space for each seven units TOD sites: one and one half spaces per unit Case No. P13 -2102, City of Pleasanton Planning Commission Page 7 of 8