12 ATTACHMENT 6 - Laserfiche WebLink

DRAFT Commissioner Allen inquired if it would be appropriate for staff to quickly summarize for the residents the school agreement and the Housing Commission agreement so everyone understands what those agreements are. Ms. Stern stated that she would be quoting from the Planning Commission report which was prepared the day after the Housing Commission acted for its recommendation, which will go to the City Council for approval. She indicated that.Ms. Soo was at that meeting. She stated that the Housing Commission is proposing a total of 27 units, which is 15 percent of the total number of units, and it consists of six units of very-low-income housing, 50 percent of the Area Median Income (AMI) or below; 12 units of the 80 percent of the AMI; and nine of the 100 percent of the AMI. She added that there is a variety of one-, two-, and three-bedroom units in those. Commissioner Allen commented that 85 percent of the units would then be at market rate. Ms. Seto explained that that is consistent with what the Pleasanton Municipal Code generally provides for, with various changes in State law and court decisions. She added that staff feels this is the best approach the City can reach with the developer for affordable housing and making sure that they are there. Ms. Seto continued that she would not be able to speak with definitiveness about the agreement between the School District and the developer because that is the agreement they have reached. She stated that it was a public matter, and Mr. Kernan is available to answer any questions. She noted that, generally, there are State laws about minimum levels of school funding, and she would assume that through the agreement process, that has been met and exceeded in this case. Mr. Dolan stated that for clarification purposes, the mitigation is a cash payment of fees and then often some additional gift from the applicant. Chair Olson inquired if that is based on the number of students that come from the project. Ms. Seto replied that it is actually based on the number of units because no one knows exactly how many school children there are going to be in every unit. Commissioner O'Connor requested confirmation that he believes that formula takes into account three bedrooms, two bedrooms, and one bedroom. Ms. Seto replied that she believes it does. She reiterated that Mr. Kernan would be best able to address that specifically. THE PUBLIC HEARING WAS RE-OPENED. Mr. Kernan stated that very similar to the affordable housing requirement, there are statutory limits as to what a school district can impose on the State of California as there are limits for affordability percentages. He indicated that what this has required is for the DRAFT EXCERPT: PLANNING COMMISSION MINUTES, 2/26/2014 Page 8 of 13