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addition, the Council approved a Disposition, Development, and Loan Agreement with MidPen Housing Corporation (MidPen) that establishes the relationship between the City and MidPen relative to project development and ownership, and a Memorandum of Understanding (MOU) with Pleasanton Gardens that memorialises the terms for the anticipated transfer of the Pleasanton Gardens site to the City. Finally, the City Council appropriated $10 million of Lower Income Housing Funds to provide project financial support. As currently proposed, the project will be constructed in two phases with the Kottinger Place, Regalia House Site and 4138 Vineyard being in the first phase. The phasing will limit the impacts of tenant relocation and be consistent with various funding sources. Any required tenant relocation will be coordinated by MidPen in close cooperation with the City. The development pattern and density for the proposed project require a General Plan Amendment and Planned Unit Development rezoning and development plan approvals. These applications require review and recommendation by the Housing Commission, Planning Commission and action by the City Council. The Housing Commission recommended approval of the proposed project to the City Council at their February 20, 2014, meeting. Part of their recommendation included information related to public financial contributions to the proposed project and loan terms, disposition or property terms, and unit affordability levels. With regard to affordability, none of the units will be market rate, and the affordability levels will range between 30%and 60% AMI, with 30% AMI being maintained for all existing residents. This project was reviewed and recommended for approval by the Planning Commission at a work session held on March 12, 2014, and at a regular meeting held on April 23, 2014. For a detailed description of the discussion at these meetings, please see the attached draft minutes in Attachment 5. The project is now before the Council for final decision.. SITE DESCRIPTION The proposed 6.43-acre project site consists of the following four parcels: t 240 Kottinger Drive (Existing Kottinger Place) — 3.47 acres Kottinger Place is currently improved with 50 affordable senior homes developed in 1972 and owned and operated as a HUD Public Housing property by the Housing Authority of City of Pleasanton. The 50 existing homes consist of 32 studio, 16 one- bedroom, and two two-bedroom units. The site also includes a small community room, laundry facilities, and open space for gardening and socializing. The existing homes are not accessible, making it difficult for residents to age-in-place, and due to demand, the studios often house couples, which has created crowded living environments. The over 40-year old homes are also experiencing increasing maintenance and repair needs. For these reasons, the Task Force determined that. demolition of the existing homes should be considered. Page 3 of 13