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<br />. Promote joint development with other governmental or quasi-governmental agencies to <br />implement community development programs. <br /> <br />MATCHING PLAN <br /> <br />The matching requirements of HUD programs will be satisfied primarily through the use of City <br />Lower Income Housing Funds, where needed, or through funds provided by non-profit agencies <br />which are the sub-recipients ofHUD funds allocated to the City. The matching requirement is <br />included in City application forms for federal funding used for sub-recipients and the <br />requirement is ensured throughout the project review and approval process. <br /> <br />PUBLICLY OWNED LAND <br /> <br />The 7.4-acre parcel ofland on Case Avenue where "The Promenade" apartment project was <br />recently completed was provided by the City through a long-term ground lease. The property had <br />an appraised value of approximately $2.2 million at the time of construction. In 2006, the City <br />will contribute (through a similar ground lease) an additionaI3.6-acre site on Sunol Boulevard <br />valued at approximately $3.5 million for the construction of an assisted care facility for seniors. <br />This property is estimated to have a value of over $3.5 million. In 2004, an agreement was <br />reached in which the City is acquiring 318 acres of land from the 500+ acre Bernal property <br />south of the Alameda County Fairgrounds. These lands are designated for "public uses." A <br />citizens task force has been working to develop a recommended plan for utilizing the property. <br />A voter initiative approved 581 housing units on the other 200 acres of the Bernal property, <br />including 87 below-market rental and ownership units. The potential for accommodating <br />additional affordable housing was removed through the passage of "Measure V" in November <br />2002. However, the acquisition of these 318 acres may still provide the City with some limited <br />options to consider additional housing development should future conditions and community <br />needs warrant. The City also identified in its most recent Housing Element update a list of <br />parcels that have the potential for future affordable housing development. This may also provide <br />future opportunities for public ownership ofland to promote affordable housing. <br /> <br />Action Plan . FY06 <br />City of Pleasanton <br />Page 11 <br />