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RESOLUTION NO. 15-793 <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLEASANTON <br /> APPROVING THE AFFORDABLE HOUSING AGREEMENT BETWEEN THE <br /> CITY OF PLEASANTON AND PONDEROSA HOMES II AS FILED UNDER <br /> CASE NO PUD-111 <br /> WHEREAS, Ponderosa Homes II, Inc. has made an application to the City for an <br /> Affordable Housing Agreement for the construction of 25 single family residential homes <br /> 3410-3450 Cornerstone Court, as filed under Case No. PUD-111; and <br /> WHEREAS, the Pleasanton Housing Commission reviewed and recommended <br /> approval of the Affordable Housing Agreement at its meeting of August 20, 2015; and <br /> WHEREAS, a duly-noticed public hearing was held by the City Council on <br /> October 6, 2015, at which time the public was given the opportunity to comment on the <br /> Affordable Housing Agreement; and <br /> WHEREAS, based on the Initial Environmental Study, a negative declaration was <br /> adopted for PUD-111 by the City Council on October 6, 2015; and <br /> WHEREAS, the City Council considered all the information presented at the <br /> public hearing regarding the terms of the Affordable Housing Agreement. <br /> NOW, THEREFORE, BE IT RESOLVED THAT THE CITY COUNCIL OF THE <br /> CITY OF PLEASANTON DOES RESOLVE, DECLARE, DETERMINE, AND ORDER <br /> THE FOLLOWING: <br /> SECTION 1. It finds that the proposed Affordable Housing Agreement between the <br /> City of Pleasanton and Ponderosa Homes II, Inc. is consistent with the City's General Plan <br /> and the objectives of the City's affordable housing polices. <br /> SECTION 2. It approves the Affordable Housing Agreement between the City of <br /> Pleasanton and Ponderosa Homes II, Inc., a copy of which is attached hereto as Exhibit <br /> A and incorporated herein by this reference; and authorizes the City Manager to <br /> execute the Affordable Housing Agreement in generally the form attached as Exhibit A, <br /> subject to approval by the City Attorney. <br /> SECTION 3. This resolution shall become effective immediately upon the <br /> effective date of the ordinance approving PUD-111. <br /> PASSED, APPROVED, AND ADOPTED by the City Council of the City of <br /> Pleasanton at a regular meeting held on October 6, 2015. <br /> 1 <br />