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Ms. Ayala believed this worked well. She mentioned that the other request by the neighbors was that there be some units in the senior housing development that would be available for rental at market rate. This would be of assistance to those seniors who could not qualify for affordable housing. In response to an inquiry by Ms. Ayala, Mr. SwiR indicated that when the development plan was adopted, the zoning for the 23-acre school site was Planned Unit Development (PUD), Senior Housing, Medium Density Residential. Ms. McKeehan noted that schools could be located anywhere, but if the 23-acre site became a school, it would be designated Public and Institutional. In response to an inquiry by Mr. Brozosky, Mr. Swift said the actual zoning for the entire property, including the 23 acres, includes the development plan. The 23 acres does not have a final development plan, instead it has only a zoning designation. The designation of Medium Density Residential, Senior Housing, requires the developer to come back with a subsequent development plan. At the time of approval of the project, Ms. Ayala noted there was a list of questions, and one of the questions to Council specifically asked if it wanted to have an option on the land if the School District determined it would not use the land. She mentioned that staff recommended against this and did not believe there would a use for that property. Had Council done that, she wondered if the property would have been zoned Public and Institutional. Because that would have been part of the option agreement and not the zoning, Mr. Swift indicated the zoning would have been left the same way. However, if the City stepped in after the School District chose not to purchase the property, then it would have been the City's property and would have been zoned consistent with the City's intended use of the property. Because the appraised value of the land is affected by the zoning, Ms. Ayala asked how it would have worked if the School District had the first option and the City had the second option. Ms. McKeehan pointed out that this matter was discussed at a meeting with the School District Liaison Committee. She reported that when appraisers value the property, they determine the highest and best use for the property. After discussing the matter with an appraiser, staffbelieves the property would be discounted about l0 percent less than the highest and best use, if the property were zoned Public and Institutional. Ms. Hosterman asked about the logic behind the recommendation in not taking advantage of the option. Pleasanton City Council 6 11/4/03 MInutes