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<br />. A reserve of approximately $3 million for the potential redevelopment of Kottinger <br />Place. <br />. A reserve of approximately $3.7 million for future new rental units for very-low and <br />low-income households. <br />· A reserve of approximately $500,000 to support a rental subsidy program as a means <br />of obtaining increased affordability or additional units in existing developments. <br />. Continued support for the City CDBG program. <br />· Support for regional affordable housing programs that benefit Pleasanton and <br />educational and resource material to better inform the public of available affordable <br />housing programs. <br /> <br />D. Discussion Regarding the Mid-Term City Capital Improvement Program (CIP) <br />for Fiscal Year 2006/07 <br /> <br />Steven Bocian informed the Commission on the purpose of the Mid-Term Capital <br />Improvement Program (CIP) and indicated that unlike previous Mid-Term CIP's, staff is <br />focusing on funding five projects that the City Council has identified as top priority. As a <br />result, staff was approaching the Mid-Term CIP as ifthere will not be any new or <br />significantly amended projects. Because of this situation, this item is informational and <br />does not require Commission action. <br /> <br />Commissioner Harris opened the floor for any questions and indicated he was opposed to <br />the cost of the Kottinger Creek Renovation project. Commissioner Jones indicated the <br />City had bigger needs than the Kottinger Creek project. <br /> <br />9. MATTERS INITIATED BY MEMBERS OF THE COMMISSION <br /> <br />Commissioner Stark requested that staff schedule a visit and short presentation from the <br />new Board chair and Executive Director from the Tri-Valley Housing Opportunity Center <br />as soon as they are appointed. Scott Erickson replied that staff is looking forward to <br />presenting the new board and director to the Commission and anticipates that this will <br />probably take place in March or April. <br /> <br />10. DISCUSSION OF AGENDA FOR MARCH 16. 2006. MEETING <br /> <br />Scott Erickson noted that the following items are tentatively scheduled for discussion at <br />the Commission's March 16 meeting: <br /> <br />. Review and recommendation regarding housing-related applications for federal <br />Community Development Block Grant (CDBG) and HOME Investment Partnership <br />Program (HOME) funds; <br />. Approval of annual Agency Plan Update for the Pleasanton Housing Authority; and <br />. Information regarding proposed changes to the condo conversion ordinance. <br /> <br />Page - 10 - <br />