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Minutes Planning Commission 3/2/587 The public hearing was opened. Louis Bunch, Trammell Crow, introduced Tom Stovall, the architect for the project. Mr. Bunch stated that staff has done a good job in reviewing the project. Pleasanton, in particular Hacienda Business Park, is the type of market they like to build at. Mr. Bunch indicated that they agree with the staff report except for the points discussed by Mr. Swift. Mr. Stovall, the architect, then spoke. Mr. Stovall reviewed the various renderings including the perspective, site plan and elevations of the project. The colors and materials were then discussed. Chairman Lindsey asked Mr. Bunch what the expected average per-foot rental cost would be for the units. Mr. Bunch said they would probably average $800 per month with the exception of the affordable, smaller units, the average size which is a little less than 800 sq. ft. Chairman Lindsey referred to Page 11 of the staff report referring to rental fees and asked how this project will compare with the existing projects in the City. Mr. Bunch indicated that they have a complete amenity package which will include a swimming pool, buffer amenities, tot lot, exercise room, etc. Commissioner Innes asked out of the 6,000 units developed by this developer, how many have been retained under their ownership. Mr. Bunch said they have retained ownership of most of them and at this time manage 30,000 apartments. Commissioner Innes had some concern with 212 units being approved with 16 units per acre. Mr. Bunch stated he hoped their product would be competitive with other projects in the other. Many of their units will have a beautiful streetscape. Mr. Bunch said he felt the area is a good one for the project with AT&T and the hospital site so near. Commissioner Berger discussed the rental of $1/per sq. ft. and the fact that there are no covered parking areas in the development. There is a good distance to walk from one unit to the parking area. Mr. Bunch said that they are within 150 feet from parking at the farthest unit. Mr. Bunch stated that some units would be rented for lesser amount than others. Commissioner Innes state he was not comfortable with what he was hearing relative to this project regarding to the amenities and the amount of rent charged for them. Mr. Bunch said it is expensive to develop within the City of Pleasanton, and they are building a quality project. Joe Callahan, Callahan, Sweeney & O'Brien, introduced Acoustical Engineer Charles Salter. Mr. Callahan stated the staff member of the ALUC was brand new to the job and was not aware of the issues, procedures, etc. when he completed his staff report. - 6 -