16 ATTACHMENT 4 EXHIBIT D - Laserfiche WebLink

ATTACHMENT 9 Public Storage November 11, 2020 [Sent via email] Ellen M. Clark Mayor and City Council Planning Manager City of Pleasanton Community Development Department 200 Old Bernal Avenue City of Pleasanton Pleasanton, CA 94566 200 Old Bernal Avenue Pleasanton, CA 94566 RE: P19-0128 and P19-0129—3716 Stanley Boulevard Dear Ms. Clark, Mayor Thorne, and City Council: Public Storage submitted applications for Design Review and a Conditional Use Permit to remove seven existing storage buildings and construct a new three-story storage building, a one-story storage building, a one-story office totaling 249,650 square feet at its existing facility at 3716 Stanley Boulevard(the"Project"). On October 1,2019, representatives from Public Storage received a fee estimate for the proposed development estimating the Affordable Housing Fee at$2,056,818.72 based on a net new storage space area of 162,723 square feet. On October 28, 2020 the Planning Commission approved the subject application. The project had been revised at the request of staff and the approved project now includes net new storage space of 165,756 square feet. On November 10, 2020, representatives from Public Storage received a revised fee estimate based on the approved development estimating the Affordable Housing Fee at$2,158,143.12. Pursuant to Pleasanton Municipal Code § 17.40.050, Public Storage respectfully requests a reduction of the Affordable Housing Fee associated with the Project. A. Background on the City's Ordinance. The City adopted the latest iteration of its Affordable Housing Fee on September 18, 2018. The Fee was developed in part based on the Nonresidential Development Housing Linage Fee Nexus Study prepared by Economic& Planning Systems, Inc. (2018) ("Nexus Study").1 In reaching its recommended values, the Nexus Study determined that"Office/Light Industrial/R&D"uses would require 1 employee for every 400 square feet of development, resulting in an increased demand for housing. Nexus Study at 14. Based on this projected demand, the Nexus Study concluded that the City could justify a fee ranging from $8.50 to $17.01 per square foot. On September 18,2018, the City Council raised the Affordable Housing Fee applicable to industrial and office uses from $3.15 per square foot to $12.64 per square foot. The current fee has been adjusted to $13.02 per square foot. B. Request for Reduction Pursuant to PMC 17.40.050. Attachment 3 to Agenda Item#14 Staff Report on"Resolution Amending the Master Fee Schedule Effective January 1,2019 to Include Changes to Capital Facility,Transportation and Affordable Housing Development Impact Fees"(Sept. 18,2018). PUBLIC STORAGE Trusted nationwide since 1972'- 701 972"701 Western Avenue,Glendale,CA 91201 publicstorage.com