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ATTACHMENT 2 <br /> RESOLUTION NO. <br /> A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLEASANTON <br /> DIRECTING THE CITY ATTORNEY TO DRAFT, AND AUTHORIZING THE CITY <br /> MANAGER TO EXECUTE, AMENDMENTS TO: THE DISPOSITION, <br /> DEVELOPMENT AND LOAN AGREEMENT; AFFORDABLE HOUSING <br /> REGULATORY AGREEMENT AND DECLARATION OF RESTRICTIVE <br /> COVENANTS; AND GROUND LEASE WITH SUNFLOWER IRBY, LLC TO <br /> DECREASE THE NUMBER OF STAFF UNITS FROM TWO TO ONE, AND RENT <br /> THE RELEASED STUDIO UNIT TO A QUALIFIED PERSON AT 60% OF AREA <br /> MEDIAN INCOME (AMI) <br /> WHEREAS, the Sunflower Hill Project is housing for individuals with special needs, <br /> which the City has supported with a lease of public property dedicated as part of the Irby <br /> Ranch project, a loan from the City's lower-income housing fund (LIHF), and a portion of <br /> the City's share of Alameda County Measure Al funds for affordable housing projects; <br /> and <br /> WHEREAS, Sunflower Hill has partnered with Satellite Affordable Housing <br /> Associates (SAHA), an experienced affordable housing developer, which has entered into <br /> with the City a Disposition, Development and Loan Agreement, a Regulatory Agreement, <br /> and a Ground Lease as Sunflower Irby LLC, a limited partnership for which SAHA is part <br /> of the partnership structure; and <br /> WHEREAS, SAHA has requested amendments to those agreements to make the <br /> project more financially supportable in the long-term by having the City approve a <br /> decrease in the number of staff units from two to one, with the released studio unit then <br /> rented to a qualified person at 60% of area median income (AMI). As the proposed <br /> change would still have staff on-site to serve and assist special needs residents, it is <br /> recommended that the City Council approve such amendments. <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: Directs the City Attorney to prepare amendments to the Disposition, <br /> Development and Loan Agreement; Affordable Housing Regulatory Agreement and <br /> Declaration of Restrictive Covenants; and Ground Lease with Sunflower Irby, LLC, to <br /> decrease the number of staff units from two to one, and rent the released studio unit to a <br /> qualified person at 60% of area median income (AMI). <br /> SECTION 2: Finds that the amendments are exempt from review under the <br /> California Environmental Quality Act (CEQA) pursuant to Guideline 15061(b)(3)) as there <br /> is no possibility that the amendments in question may have a significant effect on the <br /> environment, <br />