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EXHIBIT A <br /> Proposed Code Amendment <br /> Adding a New Chapter 17.38 (Density Bonus) to Title 17 of the Pleasanton <br /> Municipal Code <br /> protecting housing for very low, low, and moderate income <br /> households. <br /> (2) The off-site target units must not result in a significant <br /> concentration of target units in any one particular <br /> neighborhood. <br /> (3) The off-site target units shall conform to the requirements of <br /> all applicable city ordinances, standards and plans, and the <br /> provisions of this chapter. <br /> (4) The occupancy and rents, or for-sale costs, of the off-site <br /> target units shall be governed by the terms of a deed <br /> restriction, and if applicable, a declaration of covenants, <br /> conditions and restrictions similar to that used for the on-site <br /> target units. <br /> (5) The density bonus housing agreement, as required by <br /> Section 17.38.130, shall stipulate the terms of the off-site <br /> target units. If the construction does not take place at the <br /> same time as the project development, the agreement shall <br /> require the units to be produced within a specified time <br /> frame, but in no event longer than five years. A cash deposit <br /> or bond may be required by the city, refundable upon <br /> construction, as assurance that the target units will be built. <br /> d. Fee Waiver or Deferral. The city council, by resolution, may waive <br /> or defer payment of city development impact fees and/or building <br /> permit fees applicable to the target units or the project of which <br /> they are a part. Fee waivers shall meet the criteria included in the <br /> city's adopted policy for evaluating waivers of city fees for <br /> affordable housing projects. The density bonus housing <br /> agreement, as required by Section 17.38.130, shall include the <br /> terms of the fee waiver. <br /> e. Other regulatory incentives or concessions proposed by the <br /> developer or the city which result in identifiable, financially <br /> sufficient, and actual cost reductions. <br /> 3. Except as provided in subsection (C)(1) of this section, a developer <br /> requesting one or more incentives or concessions must include with <br /> the application detailed financial report (pro forma) to demonstrate that <br /> such incentive or concession would result in necessary, identifiable, <br /> financially sufficient, and actual cost reductions that could not be <br /> achieved without the incentive or concession. <br /> Page 9 of 18 <br />