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<br />this were to happen, he would like to ensure that the City gets the Infrastructure that is <br />needed in this community. <br /> <br />Ms. Hosterman agreed with Mayor Plco's comments. She did not want to be in a <br />situation where housing credits were sold to other developers that would take on its own <br />value and be floating around the community, particularly if Council would not have the <br />opportunity to weigh In on future development sites. She favored staff recommendation <br />Alternative One. She believed that Alternative One and Altemative Three are addressed <br />in the Inclusionary Zoning ordinance. In the event that the project exceeds the total <br />number of incluslonary units required in the Ordinance, the project owner may request <br />inclusionary unit credits, which may be used to meet the affordable housing <br />requirements of another project. Inciusionary unit credits are issued to and become the <br />possession of the project owner and may not be transferred to another project owner <br />without approval of the City Council. Council has ultimate control on how these units <br />may be applied in the future. <br /> <br />Mr. Broz08ky asked staff for clarification on Alternative One. <br /> <br />Mr. Bocian said that Ponderosa Homes would like to be able to use the <br />remainder of the credits at a different site if they cannot use all of the credits on the <br />School District site. Alternative One states that the inclusionary unit credits may only be <br />used on one site. Ponderosa Homes cen use the credits at an altemate site only if the <br />School District exercises its option. <br /> <br />When the Incluslonary Zoning ordinance was brought forward to Council, Ms. <br />Ayala recalled a discussion where no one would be coming before the Council until the <br />developer had identified a location of where it would be using its credits. <br /> <br />Mr. Bocian recalled the discussion about the guidelines that Council adopted, <br />which state that the request for Incluslonary unit credits must be made as part of the <br />application process. Generally during that process. the developer would have an idea <br />on where it was going to use those credits. The Planning Commission wanted a time <br />limit placed on when the developers would actually use these credits, which was not <br />adopted. The Inclusionary Zoning ordinance allows for an alternative whereby the <br />developer may wait within the five-year period to pick a site to use the credits. At the <br />time of the new application, staff will want to know where the developer plans to use the <br />credits at the time the Council considers the new application. <br /> <br />Mr. Broz08ky wondered if Ponderosa Homes needed to disclose today where it <br />plans to use these credits? <br /> <br />Under Alternative One, Mr. BocIan said that if the School District closes escrow, <br />Ponderosa Homes would be allowed to return to Council and request to use the credits <br />on one other site. <br /> <br />Mr. Campbell believed the community is in need of affordable units. The <br />developer is trying to provide affordable units and he believed Council should be as <br />flexible as possible to give Ponderosa Homes as many opportunities as possible to <br />provide affordable housing to our community. The main goal is for the incluslonary unit <br />credits to be used, and he did not object to these credits being used on any alternative <br />site. <br /> <br />Pleasanton City Council <br />Minutes <br /> <br />8 <br /> <br />11102104 <br />