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403 It was moved by Councilmember Brandes, and seconded by Councilmember Wood, that Council has made a preliminary determination to proceed with formation of the assess- ment district; directing staff to finalize an agreement with Mark Thomas and Company, Inc., for engineering services, and with Sturgis, Ness, Brunsell and Sperry for legal services, for approval on May 25, 1982; directing staff to negotiate an agreement with the major District proponents for providing advance funding for engineering ser- vices with such agreement to be formally considered on May 25, 1982; and directing staff (with the assistance of Mr. Brunsell) to prepare the appropriate resolutions for consideration by Council at the meeting of May 25, 1982. The roll call vote was as follows: AYES: Councilmembers Brandes, Mercer, Mohr, Wood, and Mayor Butler NOES: None ABSENT: None Screening of projects filed under the Affordable Housing Competition Mr. Glenn presented the report of the Director of Planning and Community Develop- ment (SR 82:175) dated May 6, 1982, regarding this matter. Mr. Fred Hull, representing Homestead Development Company, stated their project consisted of 196 units, with 83 townhomes and 113 single-family detached units, and are designed to fit into the affordable housing category and to meet the requirements of the competition. He stated they meet the requirements for moderate income range of $21,600-$32,400 per year, and that monthly payments will be $641.00-$841.00 with 5-10% down payment. Mr. Hull stated there have been some changes to the plan that was originally submitted; i.e., change in location of the park near the townhomes, changes to floor plans and elevation, changed open carports to enclosed garages, and change in previous design of a portion of the townhomes. Mr. Hull stated'he took exception to the staff report regarding the documented need for rental housing, stating there is a larger number of families in the Bay Area that would rather buy than rent if affordable housing were available. He stated the staff report also indicated their project would be a phased project. He stated that if Council approves this project tonight that 125-150 units will be built this year with final completion of the total project next year on a continuous basis. He stated this project has already established construction financing, a sales program, and a construction sche- dule. Mr. Hull asked Council to consider approving both projects presented under the competition by either increasing the number of units allowed in the affordable housing competition or providing an alternate plan to allow both projects under the Growth Management Program. Councilmember Brandes asked Mr. Hull if this project could meet severe time con- straints. Mr. Hull advised that everything is in order and construction is ready to begin as soon as the project is approved. Councilmember Brandes asked the financial status of the project. Mr. Hull advised that all financing is in order. Mr. Tom Orloff, representing Valley Plaza Apartments, stated he agreed with the staff recommendations indicating the need for affordable rental housing in Pleasanton. He stated that construction could begin on this project within 90 days after approval with an estimated completion date of 9-12 months. He stated there were no changes in the plan that was originally submitted, and that Mr. Matteson has assured him that the financing is available and in order. Mayor Butler asked Mr. Orloff if he would proceed with this project even if he were not awarded the affordable housing competiton. Mr. Orloff stated he will go ahead with the project in whatever way he could, and plans construction of the total project at one time. He advised the apartment rents would range from $400-$700 per month market price rent, and the condominium sales prices would be slightly higher than those of the Homestead project. 13. 5/11/82