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concurrent test case as staff works through these revisions. He looked forward to working with the City during this project. Patricia Belding. a Pleasanton resident and representing Citizens For A Caring Community addressed Council regarding a letter that was submitted to the City Clerk's office which outlined the issues of owners requesting to convert rental property into condominiums. Citizens For A Caring Community believed such conversions would seriously undermine Pleasanton's ability to meet its General Plan and regional fair share housing goals. As the staff report indicates that the most recent request would result in the loss of rental units for which are currently affordable to low-income households. She asked staff to note that these lower rents do not result from government subsidies or rent control but rather they are produced by market conditions, which Pleasanton has worked diligently to create since the early 1980's. In the last few years, market prices have provided affordable rental units to moderate-income families at lower costs then City restricted units reserved for such households and it appears that this turn has continued to the point that today the market place is now producing rental opportunities for low-income households. For this reason just as the City requires certain rental units with the market rate of apartment complexes to remain affordable and in perpetuity, the City should vigorously protect Pleasanton's existing inventory of rental housing as this would allow Pleasanton to gain the maximum benefit of market place dynamics created as it fulfills its obligation to facilitate development of very low-income rental units within limited numbers while remaining under Pleasanton's housing cap. She believed preserving and increasing the total number of rental units ensured the market place to provide the maximum number of lower income workforce housing at no cost to the City. She believed the City should also conserve at the Proposition 13 lower property tax cost for older apartment complexes, which allows for lower rents. These rents cannot be duplicated in newer apartment complexes without government regulation and costly subsidies. Because Pleasanton has adopted a housing cap it is likely that any rental unit converted to privately owned condominiums could never be replaced and for this reason, conversions of rental housing to condominiums should be banned outright in Pleasanton. She further stated that condominium conversions of commercial property would be more beneficial in that it would address both the need to increase the City's inventory of entry level ownership housing as well as Pleasanton's lopsided jobs and housing balance. She hoped that Council would preserve the emerging beneficial dynamics of Pleasanton's rental market place, which supports the City's General Plan goals and contributes to the fulfillment of regional and state housing obligations at no cost to the City. She further requested Council to prohibit condominium conversions of rental housing. Becky Dennis. a Pleasanton resident, addressed Council in support of the previous speaker and banning the condominium conversions. She believes other cities have ordinances that are adequate in protecting tenants rights and ensuring affordable housing is included in the conversions. Pleasanton is unusual in California as it is a City with a number of housing units in its future. If the City bans condominium conversions and finds other ways, perhaps through the Affordable Housing Fund or partnering with the business community to assist apartment owners who are renting to lower income people to ensure that they could apply through a granting process to assist in maintaining those units, she believed this would be a better approach. Other cities have open-ended housing and there are no limits on the amounts of housing they could build. If the City intends to keep its housing cap and stay in compliance with state law she believed the City's has every reason to make a ban on condominium conversion as part of its housing element so that it is not constantly dealing with the instability of trying to replace something at a much higher cost than what was politically fought as a community over multi- family housing. She believed it inappropriate to direct the Housing Commission and the Planning Commission to decide what kind of a condominium conversion ordinance the City of Pleasanton City Council Minutes 12 09/20/05