RES 85560 - Laserfiche WebLink

CITY COUNCIL OF THE CITY OF PLEASANTON ALAMEDA COUNTY, CALIFORNIA RESOLUTION NO. 85-560 RESOLUTION APPROVING LOW INCOME HOUSING EXEMPTION FROM THE GROWTH MANAGEMENT PROGRAM FOR CALLAHAN PENTZ PROPERTIES WHEREAS, Callahan Pentz Properties has requested a lower income housing exemption under Section 2-20.04 of the Growth Management ordinance for 103 units of a 412 unit residential project located on the north side of Andrews Drive between West Las Positas Boulevard and Old Santa Rita Road; and WHEREAS, currently the City has 100 units in the lower income set aside under the Growth Management Program and it is necessary to amend the set aside to increase it by three units; and WHEREAS, the Director of Planning and Community Development presented his report (85:572) regarding the request from Callahan Pentz Properties which analyzed the request and made several recommendations; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON RESOLVES AS FOLLOWS: Section 1: The existing 1986 low income set aside units shall be amended to include three more units which shall be charged against the 1987 allocation. Section 2: Approves the application for 103 units of low income set aside which would allow construction of the entire 412 unit complex for Callahan Pentz Properties. Section 3: Directs the City Attorney to prepare an agreement which includes the following elements: a. That the 103 designated lower income units shall be subject to rent limitations for at least fifteen (15) years; · b. Rent adjustments may be allowed annually based upon HUD income guidelines; c. The developer and subsequent 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 occupancy and income of tenants;