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Mr. Oliver AnJo, 2403 Raven Road, indicated he appreciated Mr. Dunkley's efforts and the City's need for housing, but in view of the possibility of losing the down- town Southern Pacific parks and the development of Happy Valley and surrounding area, he felt the land should be retained as a park and used for recreational development. Mr. Kephart indicated we now have 154 acres of undeveloped park land. Council recommended the matter be referred back to the City Attorney to prepare a report on the legal ramifications of dealing with the non-profit corporation. It was moved by Councilmember Butler, and seconded by Councilmember Wood, to authorize staff to begin negotiations and study regarding development of the low- cost housing on City-owned land. The roll call vote was as follows: AYES: Councilmembers Butler, Kephart, Mohr, Wood, and Mayor Mercer NOES: None ABSENT: None Request to Close Main Street for Christmas TreeLightin~ Mr. Walker presented the report of the Assistant to the City Manager (SR 81:418) dated November 24, 1981, regarding this matter. It was moved by Councilmember Wood, and seconded by Councilmember Kephart, that Resolution No. 81-411, authorizing the closing of Main Street between 6:30 p.m., and 8:00 p.m., for the lighting of the Christmas Tree on December 2, 1981, and amending the budget by approximately $254.00 to reflect the increased overtime costs, be adopted. The roll call vote was as follows: AYES: Councilmembers Butler, Kephart, Mohr, Wood, and Mayor Mercer NOES: None ABSENT: None Mayor Mercer recessed the meeting at 10:15 P.M. Mayor Mercer reconvened the meeting at 10:25 P.M. REPORTS OF THE CITY ATTORNEY Growth Management Implementation and Adoption of Ordinance No. 1006~ an urgency ordinance exemp. t.i. ng projects entering into agreement to participate in the mortgage revenue bond program of the City of Pleasanton from the requirements of the City Residential Allocation Program Mr. Walker presented his information report (IR 81:35) dated November 24, 1981, regarding outstanding Residential Allocation Program approvals and their affect on population benchmarks. He reviewed the proposed ordinance exempting projects from RAP which agree to participate in the bond program and briefly outlined those pro- jects which are ready to enter the bond program. Mhyor Mercer declared the public hearing open. Mr. Bill HiPst, 147 Bernal Avenue, presented the concerns of his client, Mr. Parfish, who has a project on Vineyard Avenue. He indicated he would like the word "substantial" removed from Section 1 of Ordinance No. 1006. Mr. Parfish has been advised by the underwriters of the bond program that because he would be construct- ing factory built or mobile homes, for him to participate to an extent greater than 8-10 units would proJudice the City's bond rating and adversely affect the City's ability to market the bonds. Mr. Parrish would like an exemption from the Residen- tial Allocation Program or the Growth Management Plan even though he cannot partici- pate in a number greater than 8-10 units. Needs clarification as to whether he would retain his exemption if the bond program fails. 9. 11/24/81