CCMIN062904 - Laserfiche WebLink

includes things such as common dining facility, even though the apartments are for independent living. There will be a common facility for families and social gatherings. There will also be a library, flexible spaces for classrooms, computer room, beauty salon, medical personnel and general meeting spaces. A 1,500 square foot community clubhouse is planned that could be used by the public. The commercial component is planned for quick service businesses such as an ice cream shop or coffee shop. They have met with the neighborhood and found that people were positive towards this project. It creates the lowest impact on the neighborhood. The proposed buildings are 35' tall. The buildings adjacent to the project are 25' - 35' tall. The minimum setback for the project is 15'. Max Nardoni, representing Klein Financial Corporation, 4030 Palos Verdes Drive, #106, Rolling Hills Estates, California, financial advisors to the project, said as a proposed 100% senior housing project, his company is trying to structure and propose multi-family housing tax exempt bonds and tax credit financing for the project. He encouraged the parties participating in the project to move forward as quickly as possible. The interest rates are very low and the project now is a financially feasible project. The demand for tax-exempt bonds at the state level is very competitive. The project is smaller in scale than some previous proposals. This project works from a planning standpoint as well as from a financing standpoint. There is a growing need for senior housing, especially affordable senior housing. There is no impact on the schools with this project. Architecturally it will be the nicest building in the neighborhood. Most of the other buildings were built approximately 10 - 15 years ago. There is generous parking proposed. Allowing the project to proceed on a parallel basis would give flexibility to the City and the developer. Councilmember Brozosky said higconcern is the City has very limited funds left in the in lieu housing fee account, because of commitments already made for assisted living center. The City has heard a lot from the businesses in the community there is a demand for work force housing. Anything the City uses on the senior housing takes money that the City has for work force housing. Eriene Demarcus, 4542 Mohr Avenue, expressed her concern about the lack of a shopping center in the subject area. The area now has boarded up windows and spaces that are empty, which is an eyesore. She urged Council to expedite the senior project. Councilmember Campbell returned to the Council Chambers. Pat Belding, 7703 Highland Oaks Drive, Chairperson representing Citizens for a Caring Community, a community group interested in promoting affordable housing. She stated for some time her group has been encouraging the Council to take action to implement the rezoning of enough properdes to meet its fair share of housing for low and very low income residents of Pleasantnn, as required in the 2003 Housing Element. This would involve planning for 700 housing units, including senior and work force housing. They were happy to see the staff report for the meeting discuss the possible properties for high density residential in Pleasanton. They were disappointed with staff's suggestion that Minutes of the 7 06.29.04 Joint Workshop City Council & Planning Commission