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Mr, William Alexander, Architect, presented drawings of the project, and stated the design was a culmination of many ideas and design of many people in Pleasanton/~ Mrl Kenneth Levy, Attorney representing the sponsor of the project, told the Council the total fees for the project when the feasibility study was under- zaken in 1970 amounted to $69,430.00° He traced the steady increase of those iees, which include sewer, water, park dedication and the recently approved bedzoom tax, over the last two years, and stated the project now faces fees in the amount of $220,000.00~ That figure renders the project economically un- ._ feasible because of fixed expenses imposed by the Department of Housing and Urban Development for such low and moderate income projects~ Mr, Levy re- quested the Council to grant some relief in the fees down to approximately $104,000~00 in order to provide this housing project and without removing the amenlties/ Mr~ Julian Fltzhugh, Program Manager for Bay Area HUD projects, stated that HUD is interested in creating sound housing environment, and is behind the Pleasanton Greens project but at this point cannot approve the application based on the $220,000~00 total levy~ Mayo~ Reid asked the staff to indicate the information needed to present a report to the City Council regarding waiving the fees on this project. Mro Edgar stated a letter from Pleasanton Greens would be required stating the specific nature of their request, substantiated by detailed information justifying the request for fee reduction. He further stated the City staff should have comments and recommendations from the Pleasanton Housing Authority regarding this project~ Mr~ Brian Little, Vice President of Bankers Mortgage Company, stated his company is prepared to lend three million dollars to Pleasanton Greens, and complimented the team that put this project together. Kenneth Levy, Attorney, questioned the Housing Authority input regarding ._ this project~ Mrl/Bernie Gerton, Realtor and former Councilman, stated the criteria for a decision is the need for this type of housing, bearing in mind the precedent that might be set in reduction of fees for these kinds of projects in the future. He further stated that people who will be going into Pleasanton Greens couldn't a~ford to go into any buildings put up by private developers in Pleasanton. Mrs.. William Alexander, Architect, stated he had reduced his fees in connec- tion with this project. Mr~ Dean Hansen, Contractor, of Building Block Modules, the company which will. build the project, told the Council that his firm usually allows 8% for overhead and profit but for this project that figure is less than 5% because they feel it is a good and deserving project° Mr!~ William Alexander, Architect, presented cost comparisons and fees in- volved, stating the costs had been cut as low as possible. Mr. Russell Calkins, representing Pleasanton Greens, summarized the need for moderate income housing in Pleasanton, stating that Pleasanton Greens can ~upply a portion of that need~ He further stated that the large attendance In the audience tonight support this project, seeking only to serve Pleasanton in this unique way° -- Mayor Reid commended the Pleasanton Greens people on their testimony. Mr John Bowling, Pleasanton Housing Authority, commented on this project, stating the problem was not one of statutory limitations but rather how the project would relate to other privately developed projects in the City if, in fac[~ the project were built from private funds. 4. i2/i8/72