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CITY COUNCIL OF TIlE CITY OF PLEASANTON <br /> <br /> ALAMEDA COUNTY, CALIFORNIA <br /> <br /> RESOLUTION NO. 81-265 <br /> <br />RESOLUTION APPROVING PAP EXEI~fPTION FOR VINTAGE <br />ASSOCIA'['E[;, LTD. <br /> <br />WIll '. R EA S <br /> <br />subd i vi_ si.~:~r~.~; 'i4cet [rig t:he cr Lt:er ia necessary for an <br />exem[~tion ht~lst: apply to t:he City Council for approval <br /> such c,x~,vtDt iy>n; and <br /> <br />Wtt 1.2 R EA S, <br /> <br />tl'..e Vi. ntn!':~: A~,~oci~.:t:es, t,tkd. pr,':Licc:!: i,'3 cl4ssified <br />under t. he lowar.- income p~:c~j ec[ s exeu~t>tui<.>r~ and muct:s <br />or can meet: the exemption criteria and gerber'el <br />r e q U i ~em ~ rlC s, <br /> <br />HOW, TtIF, REFORE, 'rile CI. TY COUNCIl,, OF Tile CITY OF PI,EASANTON RESOLVES <br />AS FOI, LOWS: <br /> <br />Sect:ior~ 1: Approves t. he exemption from Lhe ResidcnLial Allocation <br /> Pro~?,Kam for Vintage Associates, I,td. for a 10S-unit <br /> townhouse project located on a 7.].9 acre si.t'e immediately <br /> behind tLhe shopping center on Pi. co Avenue between Ta~y <br /> and Palomino [)rives, subject to the following conditions: <br /> <br />TI:at 20% of the units wi11, be avai].abl. e as 'rentals <br />for t:hose of lower incorn. e (80% of the areawide median <br />family income or less) for a period of seven years. <br /> <br />That: at least twelve (12) units will be available <br />for sale at a price not to exca.ad $69,950 to qualifying <br />b u v e r s, <br /> <br />That Developer will comply with paragraphs B and <br />C of the attached letter to the City Council dated <br />August: 6, 1981 signed by Doyle tieston, General Partner <br />of Vintage Associates. <br /> <br />Section 2: Thts resoluti.~m shall become effective immediately <br /> upon its passage and adoption. <br /> <br />Tt[1S RESOIjITION ADOPTED AIJGUST ll, 198]_ BY TIlE FOLLOWING VOTE: <br /> <br /> <br />