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2 ordinance in delivering affordable units; with modifications to be evaluated to better achieve that goal; and WHEREAS, since its adoption, the Inclusionary Zoning Ordinance has resulted in the production of hundreds of below-market-rate housing units in Pleasanton and contributed a valuable source of funding to support the production of affordable housing and programs that preserve access to and support affordable housing for Pleasanton households; and WHEREAS, in January 2024, the City retained professional services firm Economic and Planning Systems (EPS) to provide analysis and recommendations with respect to modification to the inclusionary rate and target affordability limits, and in this particular respect to evaluate the feasibility of such changes with respect to the overall production of market-rate residential units; and WHEREAS, the City Council held public workshops on May 7, 2024 and August 20, 2024, to study potential amendments to the inclusionary rate and required affordability levels as stated in the IZO, and consider and provide direction on various potential amendments to the IZO; and WHEREAS, on September 11, 2024, the Planning Commission held a duly- noticed public hearing and considered the written agenda report, relevant exhibits, direction from City Council and recommendations from City staff concerning this application, and received testimony from interested parties; and NOW, THEREFORE BE IT RESOLVED by the Planning Commission of the City of Pleasanton, based on the entire record of proceedings, including the oral and written staff reports and all public comment and testimony: Section 1: Findings Pursuant to the California Environmental Quality Act (CEQA) The adoption of this Resolution is not a project within the meaning of Section 15378 of the California Environmental Quality Act (CEQA) Guidelines because there is no potential for it to result in a physical change in the environment, either directly or indirectly, in that the inclusionary ordinance is related only to the affordability of housing and does not modify the physical characteristics of housing, or change or modify the allowable density of projects. Additionally, it is also exempt from CEQA pursuant to CEQA Guidelines Section 15061(b)(3) because it can be seen with certainty that there is no possibility of a significant effect on the environment and contains no provisions that will directly or indirectly result in a physical change in the environment. Section 2: The Planning Commission hereby recommends to the City Council approval of Case No. P24-0505 for amendments to Pleasanton Municipal Code (PMC) Chapters 17.44 – Inclusionary Zoning; and related amendments to PMC Chapter 17.40 – Affordable Housing Fee; Chapter 18.38 – Housing Opportunity Zone District; and the Objective Design Standards for Housing Element Sites Section 3: This resolution shall become effective 15 days following its passage.