CCMIN090297 - Laserfiche WebLink

6, PI. IBLIC: HEARINGS AND OTHER MATTERS Item 6a(D PUD-81-1t0-71D, Security Capital Pacific Trust/Prudential Insurance Company of America Application for PUD plan approval for a 540-unit a_nartment complex including a three-acre public park to be located on an approximately :/6.4 acre site (Lot 60. Hacienda Business Park) generally located south of the intersection of Hacienda and Oweus Drives. (SR97:259) Item 6a(2) Request for ~owth management transfer and alloration for additional 78 units. (SR97:260) Item 6a(3] Request for a waiver of City fees for the proposed Security Capital Pacific Trust apartment PrOject in Hacienda Business Park (PUI)-81-30-71D). (SR97:258) Item 6af4) Neighborhood hrk Mitigation Agreement in the Hacienda Business Park Brian Swift presented the staff report for Item 6a(1) and 6a(2). Ms. Dennis asked if Option 1 (under item 6a(2)) was based on people not coming forward for building permits. Mr. Swift said under the existing growth management program a qualified lower income housing project can apply any time. Council's rules with respect to the existing growth management program allow approval of more than 750 units as long as those are not current applications. He said the 78 units would not exceed the 750 new unit allocation. Steven Bocian presented the staff report for Item 6a(3). Ms. Dennis asked what the value of the affordable housing fee is and if there were any way to extend the term beyond thirty-five years? Mr. Bocian said about $370,000. He said there had been discussions on extending the term beyond thirty-five years. It was determined thirty-five years was reasonable. Ms. Ayala asked if the fee would be $300,000 a year beyond the thirty-five years? Mr. Bocian said it is $300,000 a year currently. It is hard to project what the actual fee would be in thirty-five years. Mr. Pico asked if Council could add a condition that could extend the period in perpetuity. Pleasanton City Council 9/2/97 Minutes 5