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RESOLUTION NO. 15-794 <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLEASANTON <br /> APPROVING A GROWTH MANAGEMENT AGREEMENT BETWEEN THE <br /> CTIY OF PLEASANTON AND PONDEROSA HOMES II, INC., FOR THE <br /> CONSTRUCTION OF 25 SINGLE-FAMILY HOMES AND RELATED SITE <br /> IMPROVEMENTS AT 3410-3450 CORNERSTONE COURT, AS FILED UNDER <br /> CASE NO. PUD-111 <br /> WHEREAS, the City has approved PUD-111 by Ponderosa Homes II, Inc. for the <br /> construction of 25 single-family homes (the "Project"); and <br /> WHEREAS, Ordinance 2112 of the City of Pleasanton sets forth a Growth <br /> Management Program (at Chapter 17.36 of the Pleasanton Municipal Code) which <br /> authorizes the City to enter into agreements with developers to achieve orderly growth <br /> rates for residential development; and <br /> WHEREAS, Ordinance 2112 states that for the current Regional Housing Needs <br /> Allocations (RHNA) cycle (5th Cycle from January 1, 2014 — October 31, 2022), the <br /> annual Growth Management unit allocation shall not exceed the number of units <br /> required to meet the City's RHNA for the fifth cycle divided by the number of years in <br /> that cycle; and <br /> WHEREAS, the Project's units would be used to meet the RHNA for the fifth <br /> cycle; and <br /> WHEREAS, a duly noticed hearing concerning the Growth Management <br /> Agreement was held by the City Council on October 6, 2015; and <br /> WHEREAS, based on the Initial Environmental Study, a negative declaration was <br /> adopted for this Project by the City Council on October 6, 2015; and <br /> WHEREAS, the City Council finds that it is in the best interest of the City to enter <br /> into a Growth Management Agreement for the above referenced PUD. <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 approves the Growth Management Agreement with Ponderosa <br /> Homes II, Inc. for PUD-111 in substantially the same form as the agreement attached <br /> hereto as Exhibit A, which is incorporated herein by this reference, and authorizes the <br /> City Manager to sign the agreement when approved as to final form by the City <br /> Attorney. <br />