PC 070903 - Laserfiche WebLink

ROLL CALL VOTE AYES: Commissioners Arkin, Roberts, and Sullivan NOES- Commissioner Kemeny ABSTAIN: None ABSENT: Commissioner Maas Resolution No. PC-2003-29 was entered and adopted as motioned. G'oxrxmissioner Kemeny noted that he voted against the modified motion because he believed the parcel map would be acceptable without the public trail access- d. Review of the utilization of affordable housing credits for affordable units provided as part of the Busch property senior apartment project for recommendation to the G'ity Council_ Steve Bocian, Deputy City Manager, advised that the City Council had heard this item, and directed it back to the Housing Commission and the Planning Commission. He presented the staff report, and described the background of this item. He noted that the changes to the affordable housing agreement were: I . An additional £ee waiver was granted; and 2. The City had agreed under the original agreement to provide a grant to the project of approximately $205,000; the grant was changed to a loan. He noted that the developer requested that those units above the 87 affordable housing units be available for credits in the following uses: 1 _ Any additional development on the Busch property beyond the 393 units, primarily on the school district site, the credits from the additional 51 units could apply as meeting the affordability requirements for any future residential development onsite; 2. The developer requested that those credits may be applied offsite, to a yet- undeterxrxined in the City; and 3. They could potentially transfer those credits to another developer. Mr. Bocian advised that the way the affordable housing agreement was drafted, if the credits were used on the Busch property, it would be approved- Zf the credits ware to be used offsite, it would require City Council review prior to applying the credits- The City's inclusionary zoning ordinance requires certain levels of affordability to be built into developments, and also offered a number of alternatives that the City Council xnay consider: 1. The units could be built offsite; 2. The developer could pay a low income housing fee; PLANNING COMMISSION MINUTES _Tuly 9, 2003 Page 16