RES 2024005 - Laserfiche WebLink

RESOLUTION NO. 2024-005 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLEASANTON APPROVING THE AFFORDABLE HOUSING AGREEMENT BETWEEN THE CITY OF PLEASANTON AND CITY VENTURES FOR THE PROJECT AT 2025 SANTA RITA ROAD WHEREAS, City Ventures has made an application to the City for an Affordable Housing Agreement related to its 42 unit three-story townhome style condominium project on a 1.96-acre site currently occupied by the Tri-Valley Inn & Suites Motel located at 2025 Santa Rita Road, and approved by Design Review (P-23-0332) and Vesting Tentative Map 8676 (P23-0605) (the "Project"); and WHEREAS, at its meeting of January 18, 2024, the Housing Commission reviewed and recommended approval of the Affordable Housing Agreement for the Project that provides that City Ventures shall pay the applicable Affordable Housing Fee to meet the Project's requirements under the Inclusionary Zoning Ordinance; and WHEREAS, a duly-noticed public hearing was held by the City Council on February 20, 2024, at which time the public was given the opportunity to comment on the Affordable Housing Agreement; and WHEREAS, the City Council considered all the information regarding the terms of the Affordable Housing Agreement. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON DOES RESOLVE, DECLARE, DETERMINE, AND ORDER THE FOLLOWING: SECTION 1. Finds that the adopted Findings and Statement of Overriding Considerations for the Pleasanton 2007-2014 Housing Element Update and Climate Action Plan General Plan Amendments and Rezonings (State Clearinghouse No. 2011052002), which was a supplement to the Pleasanton General Plan Update 2005-2025 Program Environmental Impact Report (State Clearinghouse No. 205122139) is adequate to serve as the environmental documentation for this Project's Affordable Housing Agreement and satisfies all the requirements of CEQA. SECTION 2. Finds that the proposed Affordable Housing Agreement between the City of Pleasanton and City Ventures is consistent with the City's General Plan and the objectives of the City's affordable housing polices, including fulfilling the requirements of Municipal Code Chapters 17.40 Affordable Housing Fees and 17.44 Inclusionary Zoning. SECTION 3. Approves the Affordable Housing Agreement between the City of Pleasanton and City Ventures, a copy of which is attached hereto as Exhibit A and incorporated herein by this reference; and authorizes the City Manager to execute the Affordable Housing Agreement in generally the form attached as Exhibit A, subject to minor amendments and the approval by the City Attorney. SECTION 4. This resolution shall become effective immediately upon its passage and adoption. PASSED, APPROVED, AND ADOPTED by the City Council of the City of Pleasanton at a regular meeting held on February 20, 2024.