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consistent with the U.S. Census Bureau and the State of California definitions of a housing unit when determining the housing cap. Although State law provides that second units (which otherwise meet the Initiative's definition of a housing unit) are not to be counted towards the housing cap, unresolved and hence subject to interpretation is whether assisted living facilities, which likewise may meet the Initiative's definition of housing unit, should count toward the housing cap. Counting rooms in assisted living facilities against the housing cap will reduce the number of units available in the City, potentially impacting the availability of workforce housing. Fiscal Impact: If the Initiative is adopted, shifting units from hillsides to other areas of the City, will likely result in a fiscal impact to the City in the form of decreased net annual operating revenues ranging from $69,000 to $183,000, as well as the loss of up to $2.8 million in one-time development impact fees for infrastructure projects. Additionally, the Pleasanton Unified School District is projected to receive $3.6 million to $12.9 million less in one-time development school impact fees than would have otherwise been anticipated when the housing cap is reached. The following table summarizes the fiscal impacts related to the hillside policy: Summa of Fiscal Im acts related to Hillside Polic Range of Reduction in Net Revenues Maximum Minimum Annual _ Reduction in Net Revenues Per Year $ 183,000 $ 69,000 One-Time Development Fees City $ 2,797,984 $ - Pleasanton Unified School District $ 12,903,296 $ 3,590,230 Other Agencies $ 2,423.232 $ 478.380 Total One-Time Develo ment Fees $ 18,124,512 $ 4,068,610 For the second element of the Initiative defining a "housing unit", if units within assisted living facilities are counted against the housing cap, this will also have revenue impacts to the City, estimated as a loss of $101,000 to $194,000 in net annual operating revenues and a loss of $6.5 to $11.5 million in one-time development impact fees for infrastructure. Counting assisted living units against the housing cap also reduces the one-time development school impact fees projected to be received by the School ' For example, the City's Parkview Assisted Living Facility includes 86 units which have a bathroom and kitchenette (e.g. kitchen sink, mini refrigerator and microwave oven) but all residents have a meal plan. Taking the definition in the Initiative literally, these types of units would count against the housing cap. Historically, however, the City has exempted units within assisted living facilities from the City's housing cap. Conversely, all independent living units for seniors (e.g., the units within Ridgeview Commons, Kottinger Place, Pleasanton Gardens, etc.) have been counted towards the housing cap, as well as all conventional housing units, including single-family, multi-family, and mobile homes that house seniors (see Sections 5.20 and 5.25, below). Page 3 of 5