16 - Laserfiche WebLink

THE CITY OF 16 ° "' CITY COUNCIL AGENDA REPORT pLEASANTONa November 5, 2013 Assistant City Manager TITLE: APPROVAL OF PROPOSED PROJECT SITE PLAN, THE DISPOSITION, DEVELOPMENT AND LOAN AGREEMENT WITH MIDPEN HOUSING CORPORATION AND A MEMORANDUM OF UNDERSTANDING WITH PLEASANTON GARDENS, INC CONCERNING A PROPOSED DEVELOPMENT FOR KOTTINGER PLACE AND PLEASANTON GARDENS SUMMARY In October 2012, the City Council approved the Kottinger Place and Pleasanton Gardens Predevelopment Analysis Report establishing the parameters for a new senior housing development on the Kottinger Place (240 Kottinger Drive) and Pleasanton Gardens (251 Kottinger Drive) sites. Since that time, the City Council formed Kottinger Place Task Force (Task Force) has held numerous public meetings for the purpose of finalizing design and site plan elements with the goal of submitting a Planned Unit Development (PUD) application for the new development by the end of this year. The Task Force has approved the site plan and staff is forwarding it to the City Council seeking authorization to proceed with the PUD application. In addition to the above, in February 2012, the Council approved an Exclusive Negotiating Rights Agreement (ENRA) with MidPen Housing Corporation (MidPen) to conduct the planning/ development process and that agreement anticipates that the City Council will consider entering into a Disposition, Development and Loan Agreement (DDA) to award MidPen with rights to develop the site. Finally, over the past few years, staff has had discussions with the Pleasanton Gardens Board of Directors (Board) regarding terms for transferring its site to the City to support the new development and the relocation of its current tenants to the new development. This report outlines these matters, and others, including naming the new development "Kottinger Gardens," potentially increasing the City's financial contribution to the new project and expressing support for demolishing the existing facilities to facilitate the new development. RECOMMENDATION 1. Approve the preliminary site plan (Attachment 1) as recommended by the Task Force 2. Authorize the submittal of a Planned Unit Development (PUD) application to commence the formal City entitlement process 3. Approve the Disposition, Development and Loan Agreement included as (Attachment 2) and approve loan funding consistent with the DDA from the Lower Income Housing Fund (Fund 271900).