RES 87247 - Laserfiche WebLink

CITY COUNCIL OF THE CITY OF PLEASANTON ALAMEDA COUNTY, CALIFORNIA RESOLUTION NO. 87-247 RESOLUTION INITIATING GENERAL PLAN AMENDMENT AND AMENDING THE PROCEDURES AND GUIDELINES REGARDING CRITERIA FOR LOW INCOME EXEMPTIONS FOR GROWTH MANAGEMENT PROGRAM IN NORTH PLEASANTON WHEREAS, at its meeting of June 2, 1987, the City Council reviewed the staff report (SR 87:255) from the Director of Planning and Community Development regarding the applications of the Northern Group and Trammell Crow for lower-income exemptions to the Growth Management Program; and WHEREAS, Council is concerned about the large number of lower-income exemptions in the North Pleasanton area; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON RESOLVES AS FOLLOWS: Section 1: The City Council hereby initiates a General Plan amendment to establish up to 650 maximum market rate units with up to an additional 350 low income exemption units to be set aside for a total of 1,000 housing units maximum per year. Section 2: Section 1 (Exempt Projects) of Appendix A to Title 17 of the Pleasanton Municipal Code is hereby amended by changing subsections (c)(i)(B) and (c)(i)(C) to read as follows: "B. Units must be reserved for lower income households for a period of at least fifteen (15) years. C. Rent for lower-income households shall be no more than an amount equal to thirty percent (30%) multiplied by eighty percent (80%) of the Primary Metropolitan Statistical Area (PMSA) median income for the maximum sized household capable of occupying the unit. For instance, using present HUD regulations, rent for a two bedroom unit could be set up to, but not exceeding, 30% of 80% of the PMSA median income for a household of four." Section 2: This resolution shall become effective immediately upon its passage and adoption.