19 ATTACHMENT 3 - Laserfiche WebLink

From: Ellen Holmgren To: ;Mayor and City Council Cc: Pleasanton City Clerk;Ellen Clark;Meaan Campbell;Shweta Bonn;Sachiko Riddle;ElecJcv Hopkins'Steve Hernandez Subject: FW:March 15,2022 City Council Agenda Item 21 Date: Monday,March 14,2022 1:09:20 PM Dear Jeff Schroeder, Thank you for your email regarding Item 21 on the City Council Agenda for Tuesday, March 15, 2022. This email acknowledges receipt of your email to the Mayor and City Council, the Interim City Manager, and City staff. Thank you again for your interest in the City of Pleasanton. Regards, Ellen Holmgren, Administrative Assistant City of Pleasanton From: Pleasanton City Clerk Sent: Monday, March 14, 2022 12:58 PM To: Ellen Holmgren Subject: FW: March 15, 2022 City Council Agenda Item 21 From:Jeff Schroeder Sent: Monday, March 14, 2022 12:09 PM To: Pleasanton City Clerk Subject: March 15, 2022 City Council Agenda Item 21 Dear Mayor and City Council Members: A few remarks regarding Housing Element Policies as discussed in the Staff Report: 1. LIHF expenditures: It is important to note that State Law requires that projects accepting public monies pay prevailing wages for the construction of affordable housing. This can easily add Thirty(30%) percent or more to the cost of the project so this expenditure should be made very judiciously if at all. These funds may be better spent providing assistance to home buyers, renter assistance, etc. a. Another way to capitalize on these fees would be to incentivize projects to go beyond the minimum requirement in the IZO by allowing them to receive IZO fee credits for units provided in excess of the requirement directly from another developer. This would prevent the City from having to receive the funds and create a public funding contribution.