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85% of the financial arrangement that is currently proposed. Vice Chairperson Casey stated that he also met with Ms. Testa to discuss the property purchase. Norm Guest provided additional information about the operation of the agency's existing properties in Pleasanton and Livermore. He acknowledged that, dollar for dollar, there are more economic ways to provide below-market cost housing for adults. However, their focus is on developmentally disabled persons and the desire to create a living situation that allows them to remain in their community, close to their families, etc. Mr. Guest noted that the HOUSE, Inc., model has been extremely effective in this regard and has consequently been an efficient and successful use of City of Pleasanton funds. Steven Bocian noted that staff considered requesting HOUSE, Inc., to take on a mortgage as part of the proposed purchase; however, the lack of a mortgage is an important factor in the agency's long-term success with this project as well as agency-wide. Mr. Bocian also noted that the deal that is currently proposed is not the same as that which was presented at the August meeting in which HOUSE, Inc., would have to take on a sizeable mortgage in order to purchase a more costly home. Chairperson Stark asked that staff check with Alameda County to see if the generation of income through rents is an issue of concern. Mr. Erickson noted that this has not been a concern in the agency's previous projects, all of which are based on the same model. Commissioner Harris acknowledged that HOUSE, Inc., provides a unique service and felt that the proposed $200,000 investment by the City is small in relation to the benefit that would be achieved. Vice Chairperson Casey echoed Commissioner Harris' comments regarding the need for this type of housing. He also felt that staff had developed a creative solution to the problems discussed at the August meeting. He noted that he generally is in favor of the proposed acquisition concept. Commissioner Mermelstein stated that he generally shares Vice Chairperson Casey's perspective. Chairperson Stark stated that he is not entirely pleased with the proposal. He was expecting that HOUSE, Inc., would come back to this meeting with atake-off on the concept that had been discussed at the August meeting. He also felt that it is important that the agency more thoroughly explore private financing. Scott Erickson noted that the agency has already provided staff with detailed financial and application-type information to staff as requested by the Commission in August. However, since the property purchase concept has changed, staff withheld providing this information pending the Commission's conceptual approval of the current concept. The detailed application information will be brought back to the Commission in November. Page - 4 -