PC-91-016 - Laserfiche WebLink

The project will add housing consistent with the city's growth management plan and to off -set the jobs/housing imbalance which has been projected through rapid commercial/industrial development in north Pleasanton. The grazing use on the Bonde property adds little to the state's existing and future food supply. Development on the site will be contiguous to development on three sides of the site. Lastly, permanent open space has been provided for the City's General Plan, sufficient to provide the physical, social, and(~sthetics assets needed by present and future residents of Pleasanton. Indeed, 55% of the proposed project will remain as significant open space. The ripeness of the Bonde parcel for development in the late 1980's and early 1990's was not known in 1979 and could not have been known at that time. The City's dream of significant commercial/ industrial development in north Pleasanton gained momentum with the approval of a number of business parks in 1981 and 1982, particularly the 573 acre Hacienda Business Park opened in June of 1982. A large increase in local employment throughout the mid eighties led to gradual absorption of previously available residential lands to the point that this parcel is now the logical next density residential classification. Given the 650 units per year limitation on the number of market rate housing units which can be built pursuant to the Growth Management Plan, development of a logical contiguous site such as the Bonde parcel within the city's developed area is preferable to sites which are further out on the fringe areas of the City further from adequate roads and utilities. Finally, the payment of the cancellation fee of 12.5% of the fair market value will generate government revenues form the Bonde property well in excess of property taxes which would have been recei ved from the property. A portion of the cancellation fees are directed to the Farmlands Mapping Account of the state General Fund and another portion of the cancellation fee is directed to the soil conservation program. B. There is no proximate noncontracted land which is both available and suitable for the use to which it is proposed the contracted land be put, or, that development of the contracted land would provide more contiguous patterns of urban development than development of proximate noncontracted land.