CCMIN012098 - Laserfiche WebLink

Mayor Tarver used Brian McQuire as an example. Brian has four existing homes and two more could be added to increase the value. Then offer $50,000 to someone and ask them not to develop their land. Ms. Ayala asked Ms. Belzer to explain density transfer. Ms. Belzer asked if the Council was leoking at ways to cluster development. Mayor Tarver said if you have one property owner with four units and one unit is added what would the value be? The fifth unit value would be paid to other property owner. He felt staff s challenge would be to put a plan together that keeps the number of units down but created high price units to pay for the infrastructure. He believed the market value of the units could be as much as $600,000. Mr. Pico felt it was too late at night to make a decision on density transfer. Staff needs direction on how to proceed. Ms. Michelotti said it could be explored at a later date. In regards to the road realignment, the abandoned Vineyard Avenue would serve as a way for children to walk to school without having to be on the main thoroughfare. Ms. Dennis believed staff's recommendation was acceptable but she wanted to explore the high end housing, to have it pay for the infrastructure. Use the infrastructure to enhance the property value and minimize the city's cost share. She wanted to look at the road issue because if the City did need property dedicated were there any tradeoffs available. Ms. Michelotti asked if the goal was for the City to have less infrastructure costs? The option Council is directing staff to look at requires the City to pay for a portion of the infrastructure. She wanted to know if this was the ultimate objective of Council. She had reservations about the ability to have the same value of high end housing, especially in the western area. She felt there would be a difference in pricing of houses. Ms. Dennis asked if smaller bed and breakasts could be accommodated in the Specific Plan. Mayor Tarver understood if the density was increased on the westem side it would not be high priced houses. The high priced houses would be on the east side. He supported higher densities on the west side in order to save the east side. He would like some kind of compensation for the property owners on the east side that would be losing potential development rights to save the Corridor. He liked the bed and breakfast concept if it would be marketable. He would support the road alignment if it followed the concept of enhancing the property values and reducing the number of units. He was not interested in subsidizing beyond Pleasanton City Council 1/20/98 Minutes 21