11 ATTACHMENT 8 - Laserfiche WebLink

Mr. Bocian stated that the City's Inclusionary Zoning Ordinance allows the use of various alternatives to meet the City's inclusionary requirement subject to review and approval by the City Council. However, the provisions in the IZO accommodate the developer's proposal with exception of the requirement that units be produced within five years. Mr. Bocian noted that as an alternative to the above proposal, the developer can meet its IZO requirements by paying the City's in-lieu fee estimated at $479, 043. Due to the unique features of the Oak Grove project, staff is recommending that the Commission recommend approval of the developer's proposal to satisfy the City's inclusionary requirement by the use of off-site units as outlined above. If the Commission approves the developer's proposal staff will incorporate the concept into the development agreement and into the affordable housing agreement that will be forwarded to the City Council as part of the project approval documents. The Commission invited comments from members of the public. Marry Inderbitzen, 4218 Casterson Court, Pleasanton, addressed the Commission as the applicant's representative. He addressed staff's comment regarding the proposed ten- year compliance period, stating that realistically it will be approximately three years before construction on the project can actually begin construction. In addition, the project consists of custom home lots so absorption is a factor that will affect the progress and timing of the project. Therefore, ten years was felt to be a more practical time period for fulfilling the alternative of building affordable units off site. The Commission asked staff is there are any parcels of land available today in the city where affordable housing could be built. Mr. Bocian replied that there are sites and that the City Council's preferred land use plan identifies potential locations. Vice Chairperson Stark asked whether it would be appropriate to require a cash performance bond to ensure compliance with the terms of the Affordable Housing Plan. Mr. Bocian stated that there is a provision in the IZO, but staff does not believe that it would be necessary in this case. Commissioner Jones commended Mr. Inderbitzen for putting together a project that addresses the City's inclusionary requirement in a creative way. He put a motion on the floor to approve the project per staff s recommendation. The Commission discussed the motion. Chairperson Hodgett stated that she is somewhat uncomfortable with the proposed ten-year time frame. She proposed that the agreement state afive-year period consistent with the language in the IZO but with the provision for another five-year extension if there are factors that warrant additional time. Page-2-