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2 Adopt a resolution for the project (Attachment 1) approving the following a A General Plan amendment (P15-0245) to change the land use designation from "Retail/Highway/Service Commercial, Business and Professional Office" to "High Density Residential", b A Specific Plan amendment (P15-0405) to change the Downtown Specific Plan designation for 3988 Stanley Boulevard from "Downtown Commercial" to "High Density Residential", 3 Make the PUD findings for the proposed development plan and Vesting Tentative Map as stated in the August 10, 2016, Planning Commission staff report (pages 30- 34 in Attachment 9), 4 Introduce the draft ordinance approving the Planned Unit Development (PUD) Development Plan (PUD-110) and Rezoning (P15-0246) to construct 87 single- family homes and create an approximately 1 64-acre parcel for future development of an affordable multi-family residential community for individuals with special needs, needs and rezone the property from "A (Agriculture) District" and "C-S (Service Commercial) District" to the "PUD-HDR/OS (Planned Unit Development — High Density Residential/Open Space) District", subject to the Conditions of Approval, Exhibit "A" and Zoning Unit Map in Exhibit "B" (Attachment 2), 5 Adopt a resolution approving Vesting Tentative Map 8245, subject to the Conditions of Approval, Exhibit "A" (Attachment 3), 6 Adopt a resolution authorizing the City Manager to execute project Framework (Attachment 4) between the City, Irby Ranch, LLC, a California Limited Liability corporation, and Sunflower Hill, a California public benefit corporation 7 Introduce the draft ordinance approving the Development Agreement for the project, (Attachment 5), 8 Adopt a resolution approving the Affordable Housing Agreement for the project (Attachment 6), 9 Adopt a resolution approving the Growth Management Agreement (Attachment 7) for 87 growth management unit allocations (P15-0406) for the project, FINANCDAL STATEMENT The project would be expected to generate revenues to cover its costs of service Increases in property taxes would be used to provide services, such as police and fire services for the increased demand generated by the homes The applicant will be required to pay development impact fees that will be used to offset the cost of City facilities and infrastructure necessitated by the development Other financial obligations and commitments are tied to the construction of the Nevada Street extension, other public improvements, and affordable housing, and they are referenced in the Page 2 of 20