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<br /> <br /> <br /> <br />P24-0334, Pleasanton Municipal Code Amendments Planning Commission, September 11, 2024 <br />Exhibit A, PMC Amendments, Page 16 <br /> <br /> <br /> <br /> <br />Table 17.38.050 <br />Incentives/Concessions Summary <br />Target Group Target Units <br />Very Low Income 5% 10% 15% <br />Low Income 10% 20% 30% <br />Moderate Income (Common Interest <br />Development, Condo or PUD only) <br />10% 20% 30% <br />Maximum Incentive(s)/Concession(s) 1 2 3 <br />Notes: <br />An incentive or concession may be requested only if an application is also made for a <br />density bonus. <br />Under this chapter, senior citizen housing is not eligible for an incentive or concession <br />as set forth in this section, except for the reduction of off-street parking. <br />An additional incentive or concession may be requested for a child care facility <br />pursuant to Section 17.38.090. <br />See Section 17.38.100 regarding incentives for condominium conversion projects. <br /> <br />C. Types of Incentives or Concessions. An incentive or concession shall mean any reduction in site <br />development standards, any modification of zoning or architectural design requirements, or other <br />regulatory exceptions which will result in identifiable, financially sufficient, and actual cost reductions <br />necessary to facilitate the construction of the housing development. Incentives or concessions shall <br />include, but not be limited to, the following: <br /> 1. Incentives or Concessions Not Requiring Financial Report from Developer. Upon written <br />request by the developer, the following incentives and concessions shall be available in the amounts <br />specified in subsection B of this section without any requirement that the applicant demonstrates to the <br />city that the requested incentive or concession results in identifiable, financially sufficient, and actual cost <br />reductions to the project. <br /> a. A 20 percent reduction in one of the setbacks. <br /> b. A 10 percent reduction in minimum lot sizes and/or dimensions. <br /> 2. Incentives or Concessions Requiring Financial Report from Developer. The following <br />incentives and concession, when requested by the developer, shall require that the developer provide a <br />financial report (pro forma) that demonstrates how the requested incentive or concession results in <br />identifiable, financially sufficient, and actual cost reductions to the project: <br /> a. An incentive or concession that exceeds the level of reduction specified for the <br />standards identified in subsection (C)(1) of this section. <br />Docusign Envelope ID: 88F9D41F-89FB-4400-B0AF-42A9BB94F8D7