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SUPPLEMENTAL
City of Pleasanton
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CITY CLERK
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2024
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041624
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SUPPLEMENTAL
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4/16/2024 12:11:00 PM
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CITY CLERK
CITY CLERK - TYPE
AGENDA REPORT
DOCUMENT DATE
4/16/2024
DESTRUCT DATE
15Y
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2 <br /> <br />strategic plan, this priority-setting type work has been incorporated into duty #1. This allows the <br />commissions to weigh in on the priorities for the budget year. <br />Commissions have also been kept engaged through the quarterly and annual reports provided <br />to the commissions. These have included performance measures, qualitative data and high <br />level budget information. This has been incorporated into duty #3. <br /> <br />Agenda Item #23: Planning Commission Approval of a Proposed Project at 3200 Hopyard Road <br />Density Bonus Law <br />1. Q. What is the difference between “concessions” and “waivers” as defined in density <br />bonus law? Does the 55-unit project alter the requested concessions and waivers <br />compared to the 57-unit project? <br />A. Concessions and waivers in State Density Bonus Law are similar in that both refiect <br />reductions or exceptions from typical development standards in order to allow a density bonus <br />project to achieve its allowable density. However, they differ in the following ways: <br />(1) A “Concession” (also known as an “incentive”) is a reduction in site development standards <br />or modiflcation of zoning or design requirements, the basis for granting of which is that it <br />would result in “identiflable and actual” cost savings to the project. State law prescribes <br />how many concessions must be granted based on the proportion of affordable units in the <br />project – ranging from 1 to 4 concessions. <br />(2) A “Waiver” is also a reduction in development standards – however, the basis for granting <br />waivers is that the standard would “physically preclude” the project from being built at the <br />permitted density and with any concession. An unlimited number of waivers may be <br />requested. <br />The number of concessions (one) allowed for the project is the same with either version of <br />the project - the threshold to qualify per Density Bonus Law is 10% lower-income or 10 % <br />moderate income units, which would be met with either option. There is no difference in <br />the number of concessions and waivers requested between the two versions of the project <br />– the text at the end of the second paragraph on Page 4 of 9 should have been more carefully <br />worded to read: “The applicant has requested one incentive and 11 waivers for the 57-unit <br />project, and one incentive and 11 waivers for the 55-unit project, which are summarized <br />below in Table 1.” <br /> Affordable Housing Agreement and City Contribution <br />2. Q. For Option 2, if the Council chose to retain the units at 100% AMI, what would the City’s <br />obligation be with respect to funding or purchase of the units? Would the AHA need to be <br />revised? <br />A. (1) The current draft AHA for Option 2 (55 units) includes the following key terms: <br />a) The developer agrees to make the units available for sale at $375,000 per unit, <br />which is equivalent to 100% AMI (using current cost factors).
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