12 ATTACHMENT 6 - Laserfiche WebLink

Mr. Ebrahimi led the Commission through a PowerPoint presentation that included: • Details about the four main buildings of Spanish colonial design • The type of high quality materials that will be used • SummerHill considers this to be a"Class A" apartment complex • The complex will include 1-, 2-, and 3-bedroom units • The plan includes open space, pool, BBQ area, fitness center, club room, business center, and other amenities • Parking areas (including some covered/sheltered) • Solar/thermal heating • Convenient access to public transportation and bicycle amenities • Preservation of existing trees on the site Commissioner Mermelstein was advised that there will be a total of seventeen (17) ADA (handicap accessible) units of varying size and unit type. Commissioner Lopez asked about the cost differential between market rents and providing affordable units at the different affordability levels. Mr. Ebrahimi advised that economic conditions make a difference in the cost basis. He discussed the difference between 80%AMI and 100%AMI units and noted that the cost to build is the same for the different units. Mr. Bocian addressed Commissioner Lopez's concern noted tha,:-00%AMI for a 3-bedroom units is about$2,500/mo, while 80%AMI is $1,900/mo. The Commission invited comments from members o 5 pu•%3 Beck Dennis Citizens for a Carin• Communi 2'ottin•er Place -k Force—suggested the Commission take into consideration the Lowe •Elom-,gin``'•using Fee Nexus Study when looking at the different affordability categories based on ,;,'`I. She noted that eligible households must often be at or near the high end of s,,:ch affor. ..ity category which makes it especially difficult in Pleasanton where market ho i` Cw;_ts ar'2ceptionally high. She asked staff if this development met the City's affordable h•''C!,,.,ing „J ,., =nts. Mr. Bocian provided addition:� .jaa ,,=tion :out household income eligibility requirements and the affordability levels bas ,„0,frin duff -ntpe7 ntages of the AMID He noted that individuals can earn less than the limit an awl b,,{g((f[ it. ;; ,, 'ough at some point they also have to have a minimum income in order to' 'I%'e to a'o'd the rent, even at the below-market level.. Chairperson W- - closet e sting for public comment at 7:40 p.m. Commissioner Lo•` eiterat- that in the future, she would like to see options that might include fewer afford o',..:-,u •ut at deeper levels of affordability, noting that Pleasanton has a particular need for mor-',o and very low income rental units. A motion was made by Commissioner Mermelstein, seconded by Commissioner Lopez, recommending approval of the Affordable Housing Agreement with SHAC Las Positas Apartments LLC (Summerhill) as recommended in the agenda report. ROLL CALL VOTE: AYES: Commissioners Lopez, Mermelstein, and Chairperson Welsh. NOES: None ABSENT: Commissioner Casey ABSTAIN: None Page- 2-