17A - Laserfiche WebLink

District by $1.1 to $11.9 million when the housing cap is reached. The following table summarizes the fiscal impacts: Summa of Fiscal Im acts related to Housin Unit Definition Ranste of Reduction Minimum Maximum Annual _ Reduction in Net Revenues Per Year $ 101,000 $ 194,000 One-Time Development Fees City $ 6,539,148 $ 11,485,584 Pleasanton Unified School District $ 1,083,456 $ 11,947,320 Other Agencies $ 12.402.324 $ 15.094.332 Total $ 20,024,928 $ 38 527,236 In summary, the effects of the Initiative on hillside development and counting units towards the housing cap, as well as the impacts to City revenues and operating expenses, will vary depending upon the interpretation and implementation of the Initiative. CONCLUSION The Initiative, if adopted, will impose additional regulations for hillside housing developments proposed on steep slopes or near ridgetines, and potentially alter the historical practice in the way housing units have been counted towards the housing cap. Moreover, if the Initiative is adopted, many definitions (e.g. ridgeline; slope; independent living; etc.) would need to be clarified and processes (e.g. how to measure slope; which developments are exempt) developed consistent with the intent of the Initiative. The City Council may consider: . Accepting the report, and proceed to Item 17b. Asking for voter approval of a ballot measure to establish a community task force, including stake holders, to implement the principles in, and clarify the application of, the Initiative. (Such Council sponsored initiative would be viewed as a complementary ballot measure to the Initiative at issue here.) Placing a measure on the ballot to reaffirm the 1996 General Plan policies for ridgeline protection, growth control as well as other existing hillside development regulations. (Such Council sponsored initiative would be viewed as an alternative to the Initiative at issue here and would need to provide language that states that if it received more votes than the Save Pleasanton Hill's & Housing Cap Initiative, the Save Pleasanton's Hills Initiative would be of no force or effect.) Page 4 of 5