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RESOLUTION NO. 15-786 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLEASANTON APPROVING A GROWTH MANAGEMENT AGREEMENT FOR 4745 AUGUSTINE STREET, AS FILED UNDER CASE NO. P15-0512 WHEREAS, the City has approved a Design Review (P15-0290) by Alok Demireddy for the construction of a three unit apartment (the "Project") at 4745 Augustine Street (the "Property"); and WHEREAS, Ordinance 2112 of the City of Pleasanton sets forth a Growth Management Program (at Chapter 17.36 of the Pleasanton Municipal Code) which authorizes the City to enter into agreements with developers to achieve orderly growth rates for residential development; and WHEREAS, Ordinance 2112 states that for the current Regional Housing Needs Allocations (RHNA) cycle (5th Cycle from January 1, 2014 — October 31, 2022), the annual Growth Management unit allocation shall not exceed the number of units required to meet the City's RHNA for the fifth cycle divided by the number of years in that cycle; and WHEREAS, the Project's three (3) proposed units would be used to meet the RHNA for the fifth cycle, and not exceed the currently available growth management unit allocations; and WHEREAS, a duly noticed hearing concerning the Growth Management Agreement was held by the City Council on October 6, 2015; and WHEREAS, the City Council finds that it is in the best interest of the City to enter into a Growth Management Agreement for the above referenced Project. NOW, THEREFORE, BE IT RESOLVED THAT THE CITY COUNCIL OF THE CITY OF PLEASANTON DOES RESOLVE, DECLARE, DETERMINE, AND ORDER THE FOLLOWING: SECTION 1. It approves a Growth Management Agreement with Alok Demireddy for P15-0290 in substantially the same form as the agreement attached hereto as Exhibit A, which is incorporated herein by this reference, and authorizes the City Manager to sign the agreement when approved as to final form by the City Attorney. SECTION 2. This resolution shall become effective immediately upon adoption. PASSED, APPROVED, AND ADOPTED by the City Council of the City of Pleasanton at a regular meeting held on October 6, 2015.