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Mayor Pico believed there was some justification in giving COI some relief. Since the original nexus study, the Pleasanton BART station has been opened. He did not think Pleasanton's allocation for jobs/housing was fair because those who make the allocations ignore the fact that there is a BART station. Many people commute in and out of Pleasanton and we are not given credit for that. He could see the logic in adjustment to the COI to allow for the fact that many employees do not live in Pleasanton and commute in by BART. He would like to charge the maximum possible for each categoW and not count on the fact that there would be assistance from the state in the future. Ms. Hosterman agreed. She referred to the Economic Development Alliance for Business meeting last week where the message was rents are down, unemployment is up and there is no guarantee of any substantial new COI development. She liked the staff recommendation and encouraged watching it carefully to see if future adjustment is necessary. Ms. Ayala pointed out the staffrecommendation is not the highest for COI. Mr. Brozosky noted the City of San Francisco charges $7.00 per square foot for COI. Mr. Campbell asked if charging $8,650 for single family detached housing just increased the price of the homes? Mayor Pico said yes or else it provides more incentive to provide onsite inclusionary zoning housing units. He then asked if a fee based on square footage of single family homes had been considered. It would be good to encourage new homes of 1,500 square feet or less. He suggested $8,650 for houses over X amount of square feet and half or a significantly lower amount for more affordable homes. Mr. Bocian said the Housing Commission did look at a number of options similar to that. A year and a half ago the Housing Commission felt the fee should be based on a percentage of the sales price, but when the new Housing Commission reviewed the options recently, the feeling was that the residential fee should be much lower and the COI should be higher. Mayor Pico asked if there would still be nexus to take the staff recommendation for residential and take the higher recommendation for COI. Mr. Bocian said yes. It was moved by Mayor Pico, seconded by Mr. Campbell, to adjust the Lower- Income Housing Fee to be $8,650 for single family detached, $2,144 for multi-family, and $2.28 per square foot for CO1. Ms. Ayala liked the idea of charging less for a smaller home. Mayor Pico agreed to amend his motion. Pleasanton City Council 19 05/20/03 Minutes