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<br />Mr. Bocian said the rental housing stock is currently at 23.8%. The City was under the <br />25% amount and any further condominium conversions would place the City further away from <br />that goal. <br /> <br />Mr. Brozosky inquired as the whether the Council could deny this item now. <br /> <br />Mr. Roush said it would depend on how the numbers work. This is the type of issue <br />Council would consider at in terms of deciding whether or not to approve or deny condominium <br />conversions. Council would need to review the General Plan and it's polices and if it conflicts, <br />would give the Council grounds to deny the application. <br /> <br />Mr. Brozosky indicated that he has been speaking with the youth in Pleasanton. The <br />youth are concerned about housing and would like to see more rental opportunities. <br /> <br />Mayor Hosterman inquired about approving Option 3 and how soon it could be brought <br />back to Council? <br /> <br />Mr. Bocian said at least 90 days. <br /> <br />If Council returned this item to staff for further review, Ms. McGovern had several issues <br />to address. The first issue would be to direct staff to review the Inclusionary Zoning Ordinance <br />simultaneously with the review of the Condominium Conversion Ordinance to determine what <br />types of provisions could be added so that affordability would be included if rental apartments <br />were converted into for-sale condominiums, particularly addressing the Lower Income Fee <br />option which currently state that it can be used in lieu of providing inclusionary housing. She <br />would not support this and believed if existing rental apartments were converted into for-sale <br />condominiums, affordability needed to be included. She recalled that the City Manager or his <br />designee is responsible for monitoring the sale occupancy and resale of inclusionary units. She <br />asked how this was being monitored. <br /> <br />Mr. Bocian said staff monitors it on a regular basis and keeps the City Manager <br />informed. <br /> <br />If the condominium conversions were approved, Ms. McGovern believed the rental <br />properties would be less in the community and that it would require subsidies for rent because <br />the market would be smaller for availability and the prices would increase. She wondered how <br />many inclusionary units staff has the manpower to monitor and asked how many units were <br />currently available for sale. <br /> <br />Mr. Bocian said there are slightly over 100 for sale units and the City is involved with <br />these on a regular basis. Clearly one of the City's goals, if the Council wants to look at the <br />ordinance, would be to make sure there is a clear link between the Inclusionary Zoning <br />Ordinance and any converted project. Technically Pleasanton Manor does provide workforce <br />housing but it does not provide affordable housing that the City could count against the regional <br />need if it was converted. There was a requirement that Pleasanton Manor provide a number of <br />affordable units. Clearly it eliminates a type of housing that there is a strong interest in even <br />though it does not meet the regional needs. Staff does not have an issue with including the <br />Housing and Planning Commissions as part of its review process. <br /> <br />Pleasanton City Council <br />Minutes <br /> <br />15 <br /> <br />09/20/05 <br />