RES 84232 - Laserfiche WebLink

CITY COUNCIL OF THE CITY OF PLEASANTON ALAMEDA COUNTY, CALIFORNIA RESOLUTION NO. 84-232 APPROVAL OF LOW-INCOME HOUSING EXEMPTION FOR AMADOR ASSOCIATES WHEREAS, Amador Associates have requested a lower-income housing exemption under Section 2-20.04 of the Growth Management Ordinance for ten units of a 40 unit residential project at 3780 Vineyard Avenue; and WHEREAS, currently the City has 17 units remaining in the lower income set aside under the Growth Management Program; and WHEREAS, the Director of Planning and Connnunity Development presented his report (SR 84:255) regarding the request from Amador Associates which analyzed the request and made several recommendations; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON RESOLVES AS FOLLOWS: Section 1: Approves the low-income housing exemption for Amador Associates, to be implemented through an agreement between the City and the developer incorporating the following elements: Fifteen (15) year rent limitation on the designated units. Flexibility should be allowed over time to allow shifting of such designation. Rent adjustments may be allowed annually based upon HUD income guidelines. The developer and its 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. Otherwise in accordance with Resolution No. 82-66 Exhibit A as amended to date. Section 2: The City Attorney is directed to draft the agreement cited above and the Mayor is authorized to execute such agreement, which is to run with the land to ensure that the lower-income restrictions are effectively carried out.