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Mr. Swift said the economy gets hot and cold with respect to office and retail uses. It is <br />usually very good in Pleasanton for residential, so when the economy is poor for office or <br />commercial, the City sees requests to change. The decision is made in terms of the <br />overall General Plan and what makes sense for the total community. <br /> <br />Stuart Guendl, 5801 Christie Avenue, Suite 455, Emeryville, California, representing Bay <br />Rock Residential, said they had received consent from the Hacienda Property Owners <br />Association for the parcel at 5727 West Las Positas, also known as the Nearon/Bay Rock <br />Property to change that use to residential. Their pending application has been at the City <br />for approximately 1V2 years. The various City departments have reviewed it but nothing <br />site specific relative to architectural design. There has been some neighborhood outreach <br />and they have recently conducted some preliminary am and pm traffic runs, subsequent to <br />the completion of the City traffic model. They have basically been in limbo for <br />approximately 1 year waiting for the traffic model to be updated. Their proposal includes <br />33 units per acre. In March, at the Planning Commission workshop regarding High <br />Density Housing, the Planning Commission identified several things that they believe <br />make this a preferred multi family site, mainly the proximity to services and schools and <br />existing residential. It was stated at that time that the majority of the Planning <br />Commissioners expressed a need for the development of vacant sites within the Park. <br />His site consists of five acres, which are substantially vacant, excepting a small auto care <br />facility that was formerly used by HP auto fleet. The density, and its proximity to jobs <br />and the freeway, also make this a smart growth community. There has also been some <br />discussion with the Verona Homeowners. They believe their site to be ideal in terms of a <br />physical layout because it backs up to the Tassajara Canal, is bordered by the Valley Care <br />Medical Facility and is fronted by a large street. They attended the housing workshop in <br />May and expressed their willingness to embrace the City's current Inclusionary Zoning <br />Ordinance. From a private, for profit, developer's perspective, inclusionary housing <br />requirements throughout the Bay Area range anywhere from 10% - 25%. They are <br />willing to look at 15% as a financial break-even point. Anything beyond 15% puts them <br />into a subsidized housing issue and requires them entering the tax-exempt bond area. <br />They are not requesting any financial inducements as part of the proposal, not asking for <br />any fee waivers. The staff report speaks very directly about the traffic issues, but density <br />and the type of housing have important impacts on affordability. They are interested in <br />developing condominiums on the property. They believe that there are two key high- <br />density apartment type-sites, theirs and the Shakley site. Most of the other ones, either <br />from land cost or other requirements, are going to mru into for sale sites. The fastest <br />growing segment of the worker population is their target market, $50,000 - $100,000 <br />average income per year. It can be met by a variety of housing types. It is very difficult <br />to get a contiguous five-acre site. This site allows, through outreach and working with <br />staff, a variety, of combinations to create an acceptable site plan, allowing for additional <br />neighborhood retail and mass transit. <br /> <br />Bob Plemmons, 5721 Belleza Drive, expressed his concerns about the apartments being <br />proposed for his neighborhood. He has been to several Planning Commission meetings <br />and to City Council. Their concern is the adjustment and change in life style. When he <br />came to Pleasanton they looked at the major plans the City had and evaluated where they <br /> <br />Minutes of the 10 06.29.04 <br />Joint Workshop <br />City Council & Planning Commission <br /> <br /> <br />