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THE CITY of G CITY COUNCIL AGENDA REPORT 6 pL£ASANTONa November 18, 2014 Community Services TITLE: DESIGNATE $250,000 FROM THE LOWER INCOME HOUSING FUND FOR POTENTIAL NEW OR UPDATED SCHOOL DISTRICT FACILITIES IN SUPPORT OF GENERAL PLAN POLICIES FOR SPECIAL-HOUSING NEEDS UNDERSERVED CHILDREN IN PLEASANTON SUMMARY As part of the City Council's decision regarding the Auf der Maur development's (PUD- 87) affordable housing agreement, the City Council considered using $250,000 from the development's $4.5 million in-lieu fee payment to support underserved PUSD students as recommended by the City School Liaison Committee. As an outcome of that discussion, the City Council decided that the use of these fees would be determined at a later date as part of a comprehensive budget review. Notwithstanding that decision, because the Auf der Maur fee will not be received until a City certificate of occupancy is issued for the development, which may be two or more years away, the issue of supporting the Committee's recommendation remains. As such, this report provides an alternative for utilizing City Lower Income Housing Fees to fund this project in the near future. In the event the City Council's identifies these services as a priority use for the Auf der Maur fees, it can authorize a reimbursement to the Lower Income Housing Fund (LIHF) for the advance payment of the fees. RECOMMENDATION Approve a one-time appropriation of $250,000 from the Lower Income Housing Fund (271900) for a potential future PUSD grant to be used for new or updated facilities for special-housing needs underserved children in Pleasanton. FINANCIAL STATEMENT Approval of this recommendation would reduce the LIHF by $250,000. The Housing Fund has a current balance of approximately $16 million of which $10 million is appropriated to the Kottinger Gardens affordable senior housing project. This is a one- time appropriation and not part of the City's ongoing City Grant or other funding programs. If the City Council determines that the Auf der Maur fees are appropriate for this project, it can authorize a reimbursement to the Housing Fund.