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Affordable Housing The City's Inclusionary Zoning Ordinance (IZO) requires new single-family residential projects of fifteen units or more to provide at least twenty percent (20%) of the dwelling units as affordable units to very low, low, and/or moderate income households. For multi-family projects of fifteen units or more, the IZO requires at least fifteen percent (15%) affordable units. The Affordable Housing Agreement for the Ironwood development (please see Exhibit G in the attached Planning Commission Staff Report) established a 24% affordable unit requirement for the entire 363-unit project. The applicant built 138 affordable units in its 172-unit senior apartment project in the Ironwood development. Because this exceeded the 87 affordable units that were required by 51 units, the City granted the applicant (as allowed by the IZO) 51 Inclusionary Unit Credits that could be used to satisfy the requirements of the IZO on the school option/MDR senior housing site. The 51 Inclusionary Unit Credits will more than meet the affordable housing requirements for this project. Therefore, none of the units in the project need to be affordable and none are proposed. PUD FINDINGS Please refer to the attached Planning Commission staff report, pages 17-19, for a discussion of the findings needed to approve the proposed PUD development plan. PUBLIC NOTICE Notices regarding the proposed project and related City Council public hearing were mailed to the surrounding property owners and tenants within a 1,000-foot radius of the entire Ironwood development. In addition, the public notice area was expanded to include the notice area for the previously proposed Home Depot development at the southeast corner of Stanley Boulevard and Bernal Avenue. A map of the noticing area is attached. The public notice was also published in the local newspaper. The applicant has also met with Ironwood and other Pleasanton residents to discuss the proposed project. Attached are the emails and letters expressing support or opposition to the proposed development received up to publishing of the City Council staff report. All additional comments will be forwarded to the City Council under separate cover. ENVIRONMENTAL ASSESSMENT A draft Negative Declaration has been prepared for the proposed project. Based on an initial study, staff believes that approval of Case PUD-74 would not have any significant adverse effects on the environment. Staff, therefore, believes that the Negative Declaration can be issued in conformance with the California Environmental Quality Act (CEQA). If the City Council concurs with this environmental assessment, it must make the finding and adopt a resolution approving the Negative Declaration prior to approving the project. Page 8 of 9