RES 2024023 - Laserfiche WebLink

Resolution No 2024-023 Page 2 of 2 SECTION 1. Finds that the Consistency Checklist for the 55 -Unit Project and the Affordable Housing Agreement is in conformance with the analysis and conclusions of the Pleasanton General Plan 2005-2025 ("General Plan") Program Environmental Impact Report ("EIR") (State Clearinghouse No. 205122139) and qualifies for an exemption from additional environmental review under CEQA Guidelines Section 15183 because the 55 -Unit Project and the Affordable Housing Agreement are consistent with the development density and land use characteristics established by the City as analyzed by the General Plan EIR. SECTION 2. Finds that the proposed Affordable Housing Agreement between the City and Catalyst 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 an Affordable Housing Agreement between the City and Catalyst which: restricts the eight (8) affordable units to be sold to qualified median -income (100% AMI) households or housing providers; provides that Catalyst shall receive $375,000 per affordable unit; the City Council allocates up to $250,000 in Affordable Housing Funds (Account 12230700) to be made available, if needed, to pay the difference between the affordable housing cost purchase price for a qualified median -income buyer and the $375,000 price payable to Catalyst; these funds are to be available to pay such difference for five (5) years following issuance of a building permit for the project; such funds, if unused, shall be returned to the Affordable Housing Fund (Account 12230700); a copy of the Affordable Housing Agreement 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 amendments and the approval by the City Attorney. SECTION 4. Allocates $250,000 from the Affordable Housing Fund (Account 12230700) for the purposes described herein. SECTION 5. 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 April 16, 2024. I, Jocelyn Kwong, City Clerk of the City of Pleasanton, California, certify that the foregoing resolution was adopted by the City Council at a regular meeting held on April 16, 2024, by the following vote: Ayes: Councilmembers Arkin, Balch, Nibert, Mayor Brown Noes: Councilmember Testa Absent: None Abstain None Joc�lYn Kwo1g, C�y Clerk APP OVED TO FORM: Daniel G. Sodergren, City Attorney