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District by $1.1 to $11.9 million when the housing cap is reached. The following table <br />summarizes the fiscal impacts: <br />Summary of Fiscal Impacts related to Housing Unit Definition <br />Range of Reduction <br />Minimum Maximum <br />Annual <br />Reduction in Net Revenues Per Year <br /> <br />101,000 $ 194,000 <br />One-Time Development Fees <br />City <br />Pleasanton Unified School District <br />Other Agencies <br />Total <br /> <br />6,539,148 <br />1,083,456 <br />$ 11,485,584 <br />$ 11,947,320 <br />_~ 15,094,332 <br />$ 38,527,236 <br />~ 12,402,324 <br />$ 20,024,928 <br />In summary, the effects of the Initiative on hillside development and counting units <br />towards the housing cap, as well as the impacts to City revenues and operating <br />expenses, will vary depending upon the interpretation and implementation of the <br />Initiative. <br />CONCLUSION <br />The Initiative, if adopted, will impose additional regulations for hillside housing <br />developments proposed on steep slopes or near ridgelines, and potentially alter the <br />historical practice in the way housing units have been counted towards the housing cap. <br />Moreover, if the Initiative is adopted, many definitions (e.g. ridgeline; slope; independent <br />living; etc.) would need to be clarified and processes (e.g. how to measure slope; which <br />developments are exempt) developed consistent with the intent of the Initiative. <br />The City Council may consider: <br />. Accepting the report, and proceed to Item 17b. <br />• Asking for voter approval of a ballot measure to establish a community task force, <br />including stake holders, to implement the principles in, and clarify the application of, <br />the Initiative. (Such Council sponsored initiative would be viewed as a <br />complementary ballot measure to the Initiative at issue here.) <br />Placing a measure on the ballot to reaffirm the 1996 General Plan policies for <br />ridgeline protection, growth control as well as other existing hillside development <br />regulations. (Such Council sponsored initiative would be viewed as an alternative to <br />the Initiative at issue here and would need to provide language that states that if it <br />received more votes than the Save Pleasanton Hill's & Housing Cap Initiative, the <br />Save Pleasanton's Hills Initiative would be of no force or effect.) <br />Page4of5 <br />