ORD 1711 - Laserfiche WebLink

CITY COUNCIL OF THE CITY OF PLEASANTON ALAMEDA COUNTY, CALIFORNIA ORDINANCE NO. 1711 AN ORDINANCE AMENDING SECTION 1'7.36,080 OF TIlE PLEASANTON MUNICIPAL CODE AND ADDING SECTIONS 17.36,082 AND 17.36,085 TO TIlE PLEASANTON MUNICIPAL CODE CONCERNING LOW INCOME IIOUSING PROJECTS THE CITY COUNCIL OF THE CITY OF PLEASANTON DOES HEREBY ORDAIN AS FOLLOWS: Section 1: Section 17.36.080 of the Pleasanton Municipal Code is hereby amended to read as follows: "17.36.080 Low income rental project. A. A low income rental project shall be a residential project having a minimum of twenty-five percent (25%) of the total units reserved for rental by low income households, defined as households whose income, adjusted for household size, does not exceed eighty percent (80%) of the median income level for the primary metropolitan statistical area which includes the County as determined by the U.S. Department of Housing and Urban Development. B. The rents charged for the units to be occupied by low income households shall not exceed thirty percent (30%) of the monthly income of a low income household. C. Units designated for low income households must be reserved for such households for at least twenty-five (25) years. D. Units designated for low income households shall be of the same size and quality as other units in the project. E. A project owner/developer shall enter into an agreement which reflects the terms of this section. The agreement shall be recorded and shall run with the land. The agreement shall also provide that an annual compliance statement be submitted to the City for its review. F. The selection of prospective renters for the low income units within a low income rental project shall be subject to the City's preference and priority system."