RES 221274 - Laserfiche WebLink

EXHIBIT A RECORDING REQUESTED BY RECORDING FEE: 0.00 AND WHEN RECORDED MAIL TO: City of Pleasanton Office of the City Clerk P. O. Box 520 Pleasanton, CA 94566 This document is exempt from recording fees Pursuant to Government Code§ 27383 and Exempt from Documentary Transfer Tax pursuant To Revenue and Taxation Code§ 11922 AFFORDABLE HOUSING AGREEMENT This AFFORDABLE HOUSING AGREEMENT ("Agreement") is made this day of 202_, by the CITY OF PLEASANTON, a Municipal Corporation ("City"), and AVS Ranch, LLC, a California Limited Liability Company (hereinafter called "Owner"). Recitals A. Owner currently owns a legal or equitable interest in land consisting of approximately One Hundred Eleven (I 11) acres in Pleasanton, California, more particularly described in Attachment 1 attached hereto and incorporated herein by reference (the "Property"). B. For the Property, Owner has obtained City approval (PUD -138) to develop a 2 2 - unit single- family residential project (collectively the "Project"). The Project includes both the payment of the City's Affordable Housing Fee, as well as the provision of an Accessory Dwelling Unit on each of the 22 single family homes, which provides additional affordable housing options for Pleasanton residents. C. Execution of this Agreement memorializes the requirements of the City's Inclusionary Zoning Ordinance (see Pleasanton Municipal Code Chapter 17.44) for the Project. NOW, THEREFORE, in consideration of the mutual covenants, agreements and conditions contained herein, City and Owner agree as follows: Owner shall pay the applicable Affordable Housing Fee in effect at the time the Owner pulls the building permit for each single family home in the Project. The amounts outlined in Table 1, below, are a sample of the Affordable Housing Fees in effect January 1, 2021 through December 31, 2021. Page 1 of 3