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Mayor Pico wanted it made dear that if Council approved staff's recommendation <br />this evening, it would only be to direct staff to continue its discussion with EAH and not <br />to approve or agree to participate in the development of the 2.76-acre site located on <br />Vineyard Avenue with an affordable senior rental housing development. Based on the <br />timeline of others projects of this type, he believed it would take over a year before a <br />final report would come to Council for its consideration. He pointed out thal there would <br />be a potential change in the makeup of the Council and there were no assurances that the <br />new Council would approve this type of project. <br /> <br /> Mr. Bocian concurred with Mayor Pico's comments. He noted that this project <br />would take some time since it is not even on the Council's priority list. <br /> <br /> Mr. Brozosky asked how much money was not committed in the Lower Income " <br />Housing fund. <br /> <br /> Mr. Bocian reported that $5.3 to $5.6 million dollars was not committed in the <br />Lower Income Housing fund. In addition to this amount, $2.7 million dollars has been <br />set aside for the Assisted Living project. Even though there has been no legal <br />documentation signed binding Council to it, staff is still reserving the $2.7 million dollars <br />for this project. <br /> <br /> When Council approves new development, which might include inclusionary <br />housing for subsidized units, Mr. Brozosky pointed out that the City waives the lower <br />income housing fees to the Capital Improvement Program. These fees are then backfilled <br />from the Lower Income Housing fund. Based on what is currently in the General Plan <br />and once the City reaches build out, he asked if the City had sufficient funds to backfill <br />all the inclusionary housing that has been committed. <br /> <br /> Mr. Bocian could not provide a direct answer to Mr. Brozosky's question, as staff <br />is not aware of the nature of all of the projects that will come before the City. He pointed <br />out that the staffreport included a table that illustrated projects that have been presented <br />to City staffthat may require use of the Lower Income Housing fund. The table shows <br />the demand will far exceed the money that staffbelieves it will have in the Lower Income <br />Housing fund. He felt comfortable saying that there would not be enough money for all <br />of the projects that come before the City. The City will need to become creative in terms <br />of leveraging its money, and working with the developers in trying to come up with an <br />appropriate financing plan that does not rely heavily on the City's Lower Income <br />Housing fund. <br /> <br /> Mr. Brozosky noted that a task force is being formed for the purpose of reviewing <br />and making recommendations regarding Kottinger Place and Pleasanton Gardens. He <br />believed it might be possible to relocate these residents to the site on Vineyard Avenue <br />while Kottinger Place and Pleasanton Gardens were being redeveloped. He did not want <br />Council to reach the point where the 2.76-acre site was built and then not have sufficient <br />funds for the redevelopment of Kottinger Place and Pleasanton Gardens. He would like <br /> <br />Pleasanton City Council 14 01/20/04 <br />Minutes <br /> <br /> <br />