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2 <br /> <br /> Mark Sweeney, 4309 Hacienda Drive, Prudential Property <br /> Company, explained that if there was a default, the City would not <br /> be responsible for the bonded indebtedness. Their current contract <br /> with Robertson Homes requires that all the .NPID Assessment <br /> District's be paid off at the close of escrow and therefore this <br /> property would not be subject to NPID bonds after Robertson <br /> purchases 'it. He indicated that conditions of approval included <br /> the requirement that the agency servicing this project certify that <br /> adequate water be available prior to the issuance of the building <br /> permits. Also included in the conditions of approval is a written <br /> agreement with the Pleasanton Unified School District that the <br /> impacts of this project be mitigated. This project has a 50 ft. <br /> landscape buffer in between all the streets and the nearest <br /> building to the project, which is significantly deeper than any <br /> other projects in North Pleasanton. The project ~s built over <br /> parking garages to allow flexibility and to beautifully landscape <br /> the area. Th~ Design Review Board, Planning Commission, City <br /> Council, and City Staff all contributed significantly to making <br /> this project a very nice and pleasing one. He pointed out that one <br /> third of the project will be specifically approved for affordable <br /> housing, and the balance of the property would be entry level for- <br /> sale housing. The 200+ members of the General Plan Citizens Review <br /> Committee recommended this type of project. In conclusion, <br /> Robertson Homes would be happy to meet with and/or give a tour of <br /> any of their projects in the Bay Area to members of the community <br /> who are concerned with this project. Prudential'would meet with <br /> anyone to discuss any aspect of Hacienda Business Park. <br /> <br /> Mayor Mercer askedMr. Sweeney to address traffic issues. He <br /> askedMr. Sweeney if residents of the project would be obligated to <br /> pay for any intersection that has been heavily impacted. <br /> <br /> Mr. Sweeney stated that once this property is sold to <br /> Robertson Homes, Robertson's obligation, as it relates to the North <br /> Pleasanton Improvement District, would end. If any additional <br /> infrastructure is needed in the future, Robertson Homes will not be <br /> responsible. There is a lower trip generation rate as opposed to <br /> office buildings, but the trip distribution rate is at different <br /> times and in different directions. <br /> <br /> Mayor Mercer askedMr. Sweeney if the property owners who live <br /> in North Pleasanton but are not part of the NPID would be <br /> responsible for paying for an intersection if it exceeded the <br /> conditions of the overall approval of the Hacienda Business Park or <br /> would it be only those members of the NPID who pay? <br /> <br /> Mr. Sweeney answered it would be NPID members only. He stated <br /> that Robertson Homes will not be asked to participate in any future <br /> assessment districts related to traffic mitigation. <br /> <br /> /7/92 <br /> 2 <br /> <br /> <br />