PC 062514 - Laserfiche WebLink

Commissioner Piper inquired if the recent change in ownership is a result of the zoning change in the sense that it made it more desirable for that owner at the time to sell the property now because it is mixed -use. Mr. Dolan replied that it has changed hands since it was rezoned so it was purchased with the new zoning. Commissioner Piper asked Mr. Dolan if he said it was for a minimum of 30 units per acre. Mr. Dolan said yes. He explained that the property has to be zoned for a minimum of 30 units per acres for HCD to presume that you are providing an opportunity to build housing that is affordable. Ms. Wallis stated that it has been shown that anything less than 20 units typically cannot pencil out to include affordable units. She added that HCD has set that standard at 30 units for a project to pencil out to include affordable units. Commissioner Piper commented that it almost seems like they would have to build up and not out. Mr. Dolan stated that there is always the opportunity to have lower density to meet a different category. He indicated, however, that when the City was doing all the rezonings back in 2010 through 2012, staff went to a lower density in order to meet the RHNA requirement, as the City's big need and big deficit then was in the 30- units - per -acre category. He noted that staff calculated the next category down last time at 23 units per acre. He added that there may be some flexibility, for example, documenting the projects at 20 units per acre to produce units that are affordable to people in the moderate income category. He indicated that one can also just say that neither of those categories are being considered for this site; it's all the above - moderate, which means market -rate. He point out that it is just units, and it can be done at whatever density desired. He stated that at a certain point, it gets ridiculous to make that land that close to all those services and BART super -low density; it would be a waste of land with all those attributes. Commissioner Piper asked Mr. Dolan to address it from a number of stories aspect. Mr. Dolan replied that with respect to determining what the residential zoning could be, the 30- unit - per -acre product cannot be done without a good chunk of three stories, and a few four -story components are needed as well. Chair O'Connor asked Mr. Dolan if he remembers what the height of the first phase of CM Capital was. He recalled that it had a four -story component and asked how many feet tall the high point was. PLANNING COMMISSION MINUTES, June 25, 2014 Page 23 of 29