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CITY COUNCIL OF THE CITY OF PLEASANTON <br /> <br /> ALAMEDA COUNTY, CALIFORNIA <br /> <br /> RESOLUTION NO. 86-422 <br /> <br /> RESOLUTION DESIGNATING THE TRI-VALLEY MEDIAN INCOME FOR <br /> USE IN THE NORTH PLEASANTON IMPROVEMENT DISTRICT ONLY <br /> <br />WHEREAS, at its meeting of August 19, 1986, the City Council <br /> amended Section 1 (Exempt Projects) of Appendix A <br /> (Growth Management Procedures and Guidelines) of Title <br /> 17 of the Pleasanton Municipal Code; and <br /> <br />WHEREAS, it was determined to be necessary to amend a subsection <br /> of Section 1 to designate the Tri-Valley Median Income <br /> for use in the North Pleasanton Improvement District; <br /> <br />NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON <br />RESOLVES AS FOLLOWS: <br /> <br />Section 1: Section l(c)(ii)(C) of Appendix A (Growth Management <br /> Procedures and Guidelines) of Title 17 of the Pleasanton <br /> Municipal Code is amended to read as follows: <br /> <br /> "C. Rent for lower-income households shall be no <br /> more than an amount equal to thirty percent (30%) <br /> multiplied by eighty percent (80%) of the Bay Area <br /> Median Income for the maximum sized household capable of <br /> occupying the unit. For instance, using present HUD <br /> regulations, rent for a two bedroom unit could be set up <br /> to, but not exceeding, 30% of 80% of the Bay Area Median <br /> Income for a household of four." <br /> <br />Section 2: This resolution shall become effective immediately <br /> upon its passage and adoption. <br /> <br />THIS RESOLUTION ADOPTED SEPTEMBER 2, 1986 BY THE FOLLOWING VOTE: <br /> <br />AYES: Councilmembers - Butler, Mercer, Mohr, and Wood <br />NOES: Mayor Brandes <br />ABSENT: None <br />ABSTAIN: None <br /> <br />ATTEST: <br /> FP/NK C. B~DES, ~R.k~OR <br /> <br />By Doris George, Deputy City Clerk <br /> <br />A.~j,,ROVED AS TO FORM: <br />Pe~f "D'. MacDonald, Cit~ A~6or~y <br /> <br /> <br />