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City of Pleasanton
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5/25/2010 8:04:30 AM
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9/9/2008 4:44:11 PM
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CITY CLERK
CITY CLERK - TYPE
STAFF REPORTS
DOCUMENT DATE
9/16/2008
DESTRUCT DATE
15 Y
DOCUMENT NO
15
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DRAFT <br />the Affordable units and the current rent structure for all 350 units. <br />J. The Developer shall provide to the City for its approval the new rents for the <br />Affordable units at least thirty days prior to implementing the new rents. <br />K. All Affordable units shall be subject to this Agreement for a term of ninety-five <br />(95) years commencing March 10, 2006.2. In recognition of the Affordable <br />units included in the Agreement, the Project is exempt from paying the City <br />Lower Income Housing Fee. In addition, City shall waive its Park Dedication Fee <br />for sixty-two (62) of the Affordable Units. <br />3. The Developer, with City consultation, shall assume all responsibility to market the <br />Affordable units. Marketing shall be in accordance with City eligibility and income <br />guidelines and shall include conducting a public lottery to allocate Affordable units in <br />conformance with the City's Preference System as that Preference System exists at the <br />time that the lottery is conducted. Marketing material, leases, rent-up schedules and other <br />printed material related to the Affordable units is subject to City approval. <br />4. Developer shall provide two 1-bedroom Affordable units and one 2-bedroom Affordable <br />unit fully accessible for the physically disabled. Unit design shall include amenities such <br />as grab bars, modified case work and bathroom facilities and other amenities deemed <br />significant for disability access. Developer shall market the availability of these units but <br />may rent to any applicant if a qualified disabled applicant is not available at the time a <br />unit is available for rent. <br />5. Developer shall accept Section 8 vouchers as a means of assisting qualified <br />applicants/residents. <br />W indslar Mar 2008 HC I[em 8c W indstar Att 1 AHA.3.20.08. All Very Low. Revised. WO Markings.doc. Amended on 3.20.08 <br />Page 3 of 4 <br />
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