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11. Three members of the City Council own stock in Amador Valley <br /> Savings and do have a conflict of interest within the meaning <br /> of the Political Reform Act regarding any long term agreement <br /> for Amador Valley Savings and Loan projects. However, in <br /> this instance, the Vintage Heights project was given zoning <br /> approval after the Council imposed the Vineyard Avenue <br /> development moratorium. The zoning approval was granted sub- <br /> ject to the following condition of approval: <br /> <br /> "2. That no application for growth management approval <br /> be made until the Vineyard Avenue development <br /> moratorium is lifted." <br /> <br /> Thus, with respect to the Vintage Heights project, it is not <br /> a discretionary determination but simply an unavoidable fact <br /> that application for growth management approval cannot be <br /> accepted this year. <br /> <br />12. There has been significant discussion between neighbors, <br /> councilmembers and Falcon Development regarding a possible <br /> development plan modification to provide a park site on that <br /> project site. Nevertheless, the Falcon project is recommen- <br /> ded'for negotiation at its full approved density with the <br /> caveat that any long term agreement will reflect the develop- <br /> ment plan which Council ultimately approves. <br /> <br />13. Projects from 12-50 units would continue to develop as at <br /> present. When the Council establishes the annual housing <br /> target in September, the Council also sets the yearly alloca- <br /> tion for smaller projects and the maximum size for smaller <br /> projects. <br /> <br />14. Projects from 50-100 units would also continue to develop as <br /> at present. One method is pursuant to Section 17.36,050 PMC <br /> under which Council has discretion to waive the 100 unit <br /> minimum for long term agreement applications. In the alter- <br /> native, projects in the size range of 50-100 units can <br /> develop over several years and avoid the public needs fee by <br /> obtaining two consecutive small project allocations. <br /> <br />15. The Long Term Agreement Committee should be directed to nego- <br /> tiate final long term agreements with the owners as listed on <br /> the summary page in accordance with the recommendations set <br /> forth herSin. <br /> <br /> <br />