RES 85247 - Laserfiche WebLink

CITY COUNCIL OF THE CITY OF PLEASANTON ALAMEDA COUNTY, CALIFORNIA RESOLUTION NO. 85-247 APPROVAL OF LOW-INCOME HOUSING EXEMPTION FROM THE GROWTH MANAGEMENT PROGRAM FOR MICHAEL O'CALLAGHAN (Z-85-6) WHEREAS, Michael O'Callaghan has requested a lower-income housing exemption under Section 2-20.04 of the Growth Management Ordinance for three units of a ten unit residential project at 4324 Railroad Street; and WHEREAS, currently the City has 35 units remaining in the lower income set aside under the Growth Management Program; and WHEREAS, the Director of Planning and Community Development presented his report (SR 85:216) regarding the request from Michael O'Callaghan which analyzed the request and made several recommendations; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON RESOLVES AS FOLLOWS: Section 1: Approves the request for exemption from the Growth Management Program, low-income set-aside units, of Michael O'Callaghan, Z-85-60, which would allow construction of the entire 10-unit complex, and directs that an agreement be prepared by the City Attorney's office which includes the following elements. 1. That the three designated lower-income units shall be subject to rent limitation for at least fifteen (15) years; 2. Rent adjustments may be allowed annually based upon HUD income guidelines; 3. The developer and his successors shall be responsible for yearly status reports on the administration of the lower-income units within the project; such reports will include information on occupanqy and income of tenants; 4. That the exemption shall lapse eighteen (18) months from the date of approval unless construction has commenced on any building on the project; and 5. That the agreement shall run with the land. Section 2: Authorizes the Mayor to execute the above-described agreement.