PC 02/14/96 - Laserfiche WebLink

. . . Commissioner Hovingh and Chainnan Lutz noted that they spoke with Mr. Tom Allen. PUBLIC HEARING WAS OPENED Mark Sweeney, 4309 Hacienda Drive #558, represented Prudential Insurance of America. Mr. Sweeney advised that due to poor market conditions, high fees, quality construction standards, and low income requirements, Spanish Oaks became economically infeasible to build. He also commented that there is very little of the high density residential zoning in Pleasanton, and even less in the proposed General Plan update. Mr. Sweeney stated that there are 598 units in Pleasanton with rent restrictions, 147 units are due to have the low-income restriction expire within the next year. The proposed project would add back 116 of those units for another 25 years. Regarding the park situation, this project has been conditioned with a high park fee and the applicants have not sought to lower that fee, Prudential has offered land for sale to the City at below-market rates and has held land off the market in the hopes of the City being able to secure a community park. The property owner is the Prudential Insurance Co. and is co-applicant with A. G. Spanos Corporation. Mr. Sweeney had a few comments regarding the conditions: Condition 5b: He thought the project would already have been given growth management. Condition 6: This will be discussed by Mr. Barber. Condition 21: Agree with staff that this condition is inappropriate. Condition 55: They hope this condition intends to say that no other access to this project is allowed on Owens Drive. They do hope they will be allowed driveway access for the remainder portion of this parcel on Owens Drive at a future date. In response to Commissioner Hovingh, Mr. Sweeney advised that their project has taken the same 462 units from the Spanish Oaks project and lowered the density by developing 20 acres instead of 14 acres. Commissioner Barker noted that the project has a number of nice amenities. She inquired if they would seek a 50 percent rebate on park fees. Mr. Sweeney advised that is not the issue on the park fees. Their position is the $6/sq. ft. in bonds being assessed. These capital improvements benefit the entire community. He noted that Prudential is selling this land for considerably less than what they could sell it for "for-sale housing," They would like to be recognized for community improvements to the freeway improvements, fire and water system improvements and Planning Commission Minutes Page 7 February 14, 1996