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4. Option 4. Hybrid approach: Reduction of 0 percent for the office (consistent <br /> with past practice) and reduction of 98.8 percent for new storage area <br /> (consistent with actual employee generation). Total fee would be $37,475. <br /> 5. Option 5. Typical methodology approach. Reduction of 0 percent for the <br /> office and reduction of 97.3 percent for the new storage area, consistent with the <br /> widely used SANDAG employee generation rate for storage facilities, and the <br /> office component. Total fee would be $69,671. (Staff Recommendation). <br /> Table 3- Fee Options <br /> Option 1 Option 2 Option 3 Option 4 Option 5 <br /> No Consistent with Applicant Hybrid Typical <br /> Reduction Past Approvals Request Approach Methodology <br /> Office Fee Rate $13.02 $13.02 $0.16 $13.02 $13.02 <br /> Storage Fee Rate $13.02 $2.99 $0.16 $0.16 $0.35 <br /> (77 percent (98.8 percent (98.8 percent (97.3 percent <br /> reduction) reduction) reduction) reduction) <br /> Office Fee $11,718 $11,718 $140.62 $11,718 $11,718 <br /> Storage Fee $2,146,425 $493,678 $25,757 $25,757.10 $57,953 <br /> Total Fee $2,158,143 $505,396 $25,898 $37,475 $69,671 <br /> Fee as Proportion 100 percent 23.4 percent 1.2 percent 1.7 percent 3.2 percent <br /> of Non-Adjusted <br /> Fee <br /> Staff recognizes the importance of affordable housing in Pleasanton and across the <br /> region. The intent of the Affordable Housing Fee is to help offset a need for this housing <br /> created by new projects which may generate employees that may have difficulty finding <br /> local affordable housing. <br /> Quite clearly, the housing need created specifically by this project is significantly lower <br /> than that assumed in the Nexus Study for a typical industrial use. Based on the <br /> provisions in the PMC allowing a fee reduction, the Nexus Study's basis for the fee (i.e., <br /> assumed generation of 1 employee per 400 square-feet), actual employee generation <br /> (i.e., 5 employees), design of the building, and past precedent for approving such <br /> reductions, staff suggests that a fee reduction for this project would be appropriate. The <br /> degree of reduction is at the discretion of the Council. The PMC is clear in its intent to <br /> provide flexibility to reduce fees for exactly this type of circumstance, and staff believes <br /> a reduction is warranted, even if not at the rate requested by the applicant. <br /> Option 1 would not grant any reduction of the Affordable Housing Fee, which would <br /> require payment of the entire amount, $2,158,143. Although this would generate the <br /> largest contribution to the City's Affordable Housing fund, it would be significantly <br /> Page 11 of 14 <br />