CCMIN080586 - Laserfiche WebLink

485 Mr. Joe Callahan, Callahan Pentz Properties, stated his company is the seller of the property to Prometheus Development Company, and he is'pleased with the quality of the proposed project. He asked that Council give consid- eration to the applicant's request for concurrent approval for a low income exemption from the Growth Management Program' in order to accommodate the in- creased units. In ~ddition, the applicant is seeking approval to modify the guidelines under which the lower income portion of the proposed 456 unit proj- ect are rented, as follows: (1) that only 15% of the total 456 unit project be offered at a lower income rate as opposed to 25%; (2) that the below market rents be offered for only 10 years instead of 15 years; and (3) that the Tri- -- Valley Median Income rate be used. He advised that the subdivision improve- ment costs are far more than in any other part of town. Mr. Callahan empha- sized the advantages of high density in a commercial area, but stated that the cost of land acquisition and participation in various assessment districts will make the costs prohibitive unless exemptions and rezoning are allowed. No one in the audience spoke in opposition to the item. There being no further testimony, Mayor Brandes declared the public hear- ing closed on the application and the negative declaration. Mayor Brandes stated this is a unique situation to provide housing in a commercial area thereby reducing traffic and providing housing that is not welcome in residential areas of the city. He advised he has no problem with the guideline modifications and felt they should be included as standards for all apartment housing. Council discussion ensued regarding the lower-income set-aside and from what source these allocations would be provided from. Councilmember Mercer stated there is a lot of benefit to putting apartment housing in North Pleasanton; it will cut down on traffic, and provide high density type housing needed in Pleasanton. He stated it is difficult for a developer to develop in North Pleasanton because of the higher costs unless some kind of a break is given. He stated that Council has to provide -- incentives for high density development to occur; North Pleasanton allows a unique opportunity to permit that. Councilmember Mohr stated she has a problem with the low income ratio change and could not like to vote in favor of the project without additional information regarding this matter. She stated that Council should consider changing the mediun low income ratio to the Tri-Valley level on all growth management program applications. It was moved by Mayor Brandes, and seconded by Councilmember Mohr, that Resolution No. 86-372, determining on the basis of a review of initial en- vironmental study done for this project, that no significant environmental impact would occur as outlined in the City's guidelines and that a Negative Declaration is appropriate in connection with PUD-85-17, application of Pro- metheus Development Company for a major modification to an approved develop- ment plan to allow for the development of a 456 unit multi-family residential complex, to be located on an approximately 16.3 acre site in the area bounded by Andrews Drive, Owens Drive, Old Santa Rita Road, and Tassajara Creek, be adopted. The roll call vote was as follows: AYES: Councilmembers Mercer, Mohr, and Mayor Brandes - 8 8-5-86