RES 86579 - Laserfiche WebLink

CITY COUNCIL OF THE CITY OF PLEASANTON ALAMEDA COUNTY, CALIFORNIA RESOLUTION NO. 86-579 APPROVAL 0 GROWTH MANAGEMENT EXEMPTION FOR MOZART DEVELOPMEN'P COMPANY AND REGIS HOMES (PUD-81-22-1M) WHEREAS, Mozart Dev lopment Company and Regis Homes have requested Growth Management Program exemption for certain pr,jects aimed at providing affordable housing for lower-income households; and WHEREAS, the DirectDr of Planning and Community Development presented his report (SR 86:538) regarding the request from Mozar~ and Regis which analyzed the request and made several recommendations; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON RESOLVES AS FOLLOWS Section 1: Approve the application from Mozart Development Company an~ Regis Homes (PUD-81-22-1M) for a lower income exemption for the 520-unit complex, subject to the following conditions: 1. That 8 units of the 520-unit project be designated lower income units, subject to rent limitations for 10 years; 2. That occupancy of the lower income units may be in two equal phases to coincide with phased construction of the project, if any; 3. That rent and rent adjustments be set in accordance with the North Pleasanton Lower Income Exemption, allowing annual adjustments; 4. That the developer and subsequent successors shall be responsible for yearly status reports on the admiristration of the lower income units within the project. Such reports will include information on occupancy and income of tenants; 5. That the lower income exemption agreement shall run with the land; and 6. That the exemption shall lapse eighteen (18) months from the date of approval unless construction has comm~nced on any building in the project or an exte~lsion is issued by the City Council.