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STRATEGIC PLAN/POLICY ALIGNMENT The recently adopted ONE Pleasanton Strategic Plan includes Goal A: Funding our Future – Fiscal Sustainability, Strategy 7 to “Conduct an analysis and update development impact fees to keep pace with new development.” The 6th Cycle Housing Element incorporates Programs 2.1, 2.2, and 2.3 to evaluate and update the City’s IZO, consider modifications to the inclusionary rate, and monitor and update the in-lieu housing fee – to support policy goals of having market-rate projects build affordable units, generate funding for affordable housing programs and activities, and mitigate demand for affordable housing while ensuring inclusionary requirements and fees do not constrain market-rate housing production. IZO AMENDMENTS AND FEES: NEXT STEPS Staff will prepare an amended draft IZO reflective of the City Council’s recommendations for review and recommendation for adoption by the Planning Commission in September. Any other related amendments would be presented at this time, such as conforming amendments to the ODS, and the Housing Opportunity Sites (HOZ) designation. City Council recommendations for the inclusionary rates will be incorporated into the Draft Fee Study for the Affordable Housing Fee; that study will be brought back as part of a package to City Council in October, along with the Nexus Studies and recommendations for the Capital Facilities Fee and Traffic Impact Fee. Public hearings for adoption of the new fees, and the amended IZO (and related code amendments), are anticipated in November 2024. Prepared and Submitted by: Approved by: Ellen Clark Director of Community Development Gerry Beaudin City Manager Attachments: 1.PMC Chapter 17.44: Inclusionary Zoning Ordinance 2.Objective Design Standards for Housing Element Sites, Excerpted Pages Page 18 of 40