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2. Find that the proposed PUD development, plan and development agreement are consistent with the General Plan; 3. Make the PUD findings for the proposed development plan as stated in the February 26, 2014, Planning Commission staff report (pages 28-30 in Attachment 8); 4. Find that the exceptions to the Housing Site Development Standards and Design Guidelines as stated in the February 26, 2014, Planning Commission staff report (pages 14-15) are appropriate; 5. Adopt a resolution approving the Affordable Housing Agreement for the project (Attachment 2); 6. Introduce the draft ordinance approving the Development Agreement for the project Attachment 3); 7. Introduce the draft ordinance approving Case PUD-81-30-88D, PUD development plan, subject to the Conditions of Approval, Exhibit "A" (Attachment 1); and 8. Adopt a resolution approving the Growth Management Agreement for the project Attachment 4). FINANCIAL STATEMENT The project would be expected to generate revenues to cover its costs of service. Increases in property tax and would be used to provide services, such as police, fire, etc., for the increased demand generated by the apartments. The applicant would have to pay development impact fees (e. g., in- lieu park dedication fee, public facilities fee, traffic fees, water/sewer connection fees, etc.) that are used to pay for the cost of new City facilities and infrastructure necessitated by development. BACKGROUND The project site was formerly known as the CM Capital Properties site and was one of the nine sites rezoned in January 2012 for high-density multifamily development in order to meet the City's share of the regional housing need. The CM Capital Properties site consists of two parcels: a 5.9-acre parcel located at 5850 West Las Positas Boulevard and a 6.7-acre parcel located at 5758 West Las Positas Boulevard. These two parcels are not required to be developed together. On September 4, 2012, the City Council adopted the Housing Site Development Standards and Design Guidelines (hereafter referred to as "Standards") to guide development on the nine sites. Summerhill Apartment Communities proposes to construct 177 residential units on an approximately 5.9-acre portion of the site, meeting the density requirement of 30 dwelling units per acre. Page 2 of 11