PC 02/13/1991 - Laserfiche WebLink

~ that would define an economic cost benefit analysis showing the tax revenues to the city versus the cost of services to the project. He commented that the Shapell ErR could not determine whether their project would benefit the city or not. He would want some determination of the water table on Foothill Road. chairman Mahern stated no action will be taken tonight and the case is continued until February 27. Traot 6362. A-X Homes/Garms Application to subdivide an approximately 118 acre parcel into 48 sinqle-family lots, and two remainder parcels located at 4440 Foothill Road. Zoning for the property is PUD (Planned Unit Development) - Low Density Residential Distriot. continued to February 27, 1991. Tract 6400 - Laurel Creek Estates Application to subdivide an approximately 271 acre parcel into 100 single-family lots with a minimum lot size of 15,000 sq. ft. looated generally southwest of the Dublin Canyon Road/Foothill Road street intersection. zoning for the property is PUD (Planned Unit Development) - Low Density Residential District. continued to February 27, 1991, per applicant's request tonight. PUD-90-20/PeDDertree Park Application for Planned Unit Development (PUD) approval to rezone approximately 4.26 acres of land from the General Industrial zoning district to the PUD - High Density Residential District and development plan approval to provide for the construction of 21 single-family detached dwelling units and 15 townhomes looated at the southwest corner of the Rhe.. Drive/Oakland Avenue street intersection. Mr. Swift presented the staff report recommending approval of Case PUD-90-20 subject to the conditions of the staff report. THB PUBLIC HEARING WAS OPENED. Joe Callahan, Callahan Properties, 5674 stoneridge Drive, represented the application. He felt that staff did an excellent job on the staff report. He stated he is concerned that the moderate income program really has no program. The objective is they are trying to qualify families of 2-6 people. In doing the income calculations necessary to qualify, it is found that a price range from somewhere in the $150,000 range to the $190,000 range depending on the family size comes into play. The concern he has is that they are using the standard formula and identifying a maximum price based on conventional financing for the moderate income units. In fact, these units will qualify for the County Bond Program which currently is a 7.5% for 30 year MINUTES PLANNING COMMISSION FEBRUARY 13, 1991 PAGE 13 " .