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RESOLUTION NO. 15-787 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLEASANTON APPROVING A GROWTH MANAGEMENT AGREEMENT FOR 4693 AUGUSTINE STREET, AS FILED UNDER CASE NO. P15-0524 WHEREAS, the City has previously approved a Planned Unit Development (PUD-72) by Augustine Group, LP for the construction of three single-family homes (the "Project") at 4693 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) new 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 PUD-72. 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 Augustine Group, LP for PUD-72 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 adoption. PASSED, APPROVED, AND ADOPTED by the City Council of the City of Pleasanton at a regular meeting held on October 6, 2015.