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whether assisted living facilities,which likewise may meet the Initiative's definition of <br /> housing unit, should count toward the housing cap. Counting rooms in assisted living <br /> facilities against the housing cap will reduce the number of units available in the City, <br /> potentially impacting the availability of workforce housing. <br /> Fiscal Impact: <br /> If the Initiative is adopted, shifting units from hillsides to other areas of the City, <br /> will likely result in a fiscal impact to the City in the form of decreased net annual <br /> operating revenues ranging from$69,000 to $183,000,as well as the loss of up to $2.8 <br /> million in one-time development impact fees for infrastructure projects. Additionally, the <br /> Pleasanton Unified School District is projected to receive$3.6 million to $12.9 million <br /> less in one-time development school impact fees than would have otherwise been <br /> anticipated when the housing cap is reached. The following table summarizes the fiscal <br /> impacts related to the hillside policy: <br /> Summary of Fiscal Impacts related to Hillside Policy <br /> _Range of Reduction in Net Revenues <br /> Maximum Minimum( <br /> Annual - <br /> Reduction in Net Revenues Per Year $ 183,000 $ 69,000 <br /> One-Time Development Fees <br /> City $ 2,797,984 $ - <br /> Pleasanton Unified School District $ 12,903,298 $ 3,590,230 <br /> Other Agencies $ 2.423.232 $ 478.380 <br /> Total One-Time Development Fees $ 18,124,512 $ 4,068,610 <br /> ' For example,the City's Parkview Assisted Living Facility includes 86 units which have a bathroom and <br /> kitchenette(e.g.kitchen sink,mini refrigerator and microwave oven)but all residents have a meal plan. <br /> Taking the definition in the Initiative literally,these types of units would count against the housing cap. <br /> Historically,however,the City has exempted units within assisted living facilities from the City's housing <br /> cap. Conversely,all independent living units for seniors(e.g.,the units within Ridgeview Commons, <br /> Kottinger Place,Pleasanton Gardens, etc.)have been counted towards the housing cap,as well as all <br /> conventional housing units, including single-family,multi-family,and mobile homes that house seniors <br /> (see Sections 5.20 and 5.25,below). <br /> 2 <br />