PC 09/25/1991 - Laserfiche WebLink

Mr. Iserson noted that a condition has been added that the number of 36" box trees that the individual home owner is required to plant has been increased from three to six trees. This would address the immediate site. Chairman Mahern asked if RTC (as successor to Lincoln National Savings and Loan) had a specific reason for failing to renew the letter of credit in favor of the City which secured the completion of the public improvements or whether it was just a sign of the economy. Mr. Iserson said his understanding was that RTC originally approved the letter of credit, but then changed their mind in June. It appeared to be a sign of the economy and RTC's allover the u.s. Commissioner McGuirk discussed Option 5 of the staff report (page 5) with Mr. Iserson. Specifically, could the PUD Design Guidelines be modified for the entire development? Mr. Iserson felt such an option was not particularly feasible at this time. If the PUD criteria were changed at this point to affect the design of the houses in the entire development, such as in reduction of height, FAR, color, roofing, materials, and grading, the buyers of these lots who may have intended a house size/design to fit the original restrictions would be penalized. There are other legal considerations, as well, such as the Vesting Tentative Map in effect for the development. Commissioner McGuirk expressed concern about those people who have not yet started the permit process and felt it would be difficult to assess the impact on this group of buyers. THE PUBLIC HEARING WAS OPENED. Ted Fairfield of Pleasanton, Civil Engineer, represented the application. He stated that he has been involved in the project since the beginning processes. He felt even though the project has some problems, it is still a great project and is hoping it will be able to move forward quickly. Except for the problems between Lincoln Savings and RTC, the project would not be stuck where it is now. He noted the purpose of the hearing tonight has to do with a PUD modification and explained why it is essential. There is an attempt being made to get together a new financial workout plan (which is nearing fruition), all of which is subject to a number of things, one of which is bankruptcy court approval for a Chapter 11. This approval hinges upon a PUD modification and without it they can go no farther in correcting the problem. Mr. Fairfield continued to say that the reforestation plan is nearly complete at this time. About five of the 20 lots being discussed are in escrow; five others have been sold. Mr. Fairfield advised that the staff report is candid and fair and the developer is in agreement with all the conditions. If given the ability to go ahead by the bankruptcy judge, the priority of work would almost have to be primarily resolving the matter of erosion control questions that the City Engineer has, planting of trees in the middle bench or reforestation, and during that process trenching must be done for utility lines. After that is complete the street trees Minutes Planning Commission September 25, 1991 Page 4 ,. .