16 ATTACHMENT 4 EXHIBIT D - Laserfiche WebLink

t' Public I Storage Section 17.40.050 of the Pleasanton Municipal Code provides that the City Council may reduce the required Affordable Housing Fee for commercial, office, or industrial development projects when the developer can demonstrate: (1)that the proposed use will generate substantially fewer workers than the uses which have established the fee; and(2)that the building design is unable to house another use without substantial renovation. Section 17.40.050 specifically identifies"exclusives storage buildings" as one such use eligible for a reduction. 1. The Project Will Result in Substantially Fewer Workers than the Uses Which Have Established the Fee. The Nexus Study estimated that"Office/Light Industrial/R&D"developments would typically require 1 employee for every 400 square feet of development. Applying this ratio to the Project would result in approximately 414 employees. However, self-storage uses such as those anticipated by the Project typically result in only three to five employees, or approximately 0.72%to 1.21%of the number of employees the Nexus Study projects. 2. The Building Design Is Unable to House Another Use Without Substantial Renovation. The Project is designed to accommodate self-storage and cannot be converted to another use without substantial renovation. The design of the facility would not easily be converted to other types of employee- generating uses without extensive modifications. If the facility were to be modified at some point in the future to accommodate other types of uses, the Municipal Code requires the new use pay the full Affordable Housing Fee in effect at that time. 3. A Reduction Pursuant to PMC '17.40.050 Is Consistent with Precedent. The City has previously approved at least two reductions to the Affordable Housing Fee applicable to self- storage developments. In both cases,the City Council approved a 78%reduction of the then-applicable fee based on the significant variance between the number of employees in a self-storage use and the employee- generation anticipated when the Fee was established. On January 15, 2002,the City Council granted a reduction pursuant to PMC § 17.40.050 to a 139,928 square foot self-storage facility located at 3101 Valley Avenue(Resolution No. 02-009). Much like this Project,the Valley Avenue project would generate far fewer jobs than the City typically anticipated for commercial/industrial uses. The staff explained that the three anticipated employees was "less than one-fifth that of a regular warehouse, on a sq. ft. basis, on which the fee was established." SR:02:005 at 4 (emphasis added). Based on the ratio,the City concluded that a reduction to 22%of the applicable fee was appropriate. The City has also granted a similar reduction to 22%of the applicable fee for Central Self-Storage on Stanley Boulevard in 1997. Resolution No. 97-100. These two actions on substantially similar projects demonstrate the propriety of a similar reduction for the Project. However,where the Valley Boulevard and Central Self-Storage projects would produce less than 20%of the anticipated employees, this Project will produce less than 2%. Based on the foregoing and pursuant to PMC § 17.40.050, Public Storage respectfully requests that the City Council grant a reduction of the applicable Affordable Housing Fee commensurate with the anticipated PUBLIC STORAGE Trusted nationwide since 1972- 701 Western Avenue,Glendale,CA 91201 publicstorage.com