RES 93009 - Laserfiche WebLink

CITY COUNCIL OF THE CITY OF PLEASANTON ALAMEDA COUNTY, CALIFORNIA RESOLUTION NO. 93-09 RESOLUTION APPROVING GROWTH MANAGEMENT EXEMPTION FOR ROTARY COMMONS PROJECT (PUD-92-8) WHEREAS, Pleasanton RotaryNorth has requested a Growth Management Program exemption for a seven-unit attached residential development aimed at providing affordable housing for lower-income households; and WHEREAS, the Director of Planning and Community Development presented his report (SR 93:36) regarding the request from Pleasanton Rotary North 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 application from Pleasanton Rotary North for a lower-income growth management exemption for the seven-unit attached residential complex located at the southeast corner of Palomino Drive and Concord Street (PUD-92-8), subject to the following conditions: 1. All seven of the units in the project shall be sold at prices not to exceed a level considered affordable to "lower-income" households (i.e. 80% of the median income level). House sales prices shall be based upon the current median income level for the Oakland PMSA- (Primary Metropolitan Statistical Area). 2. Pleasanton Rotary North shall enter into an agreement with the City establishing a pricing structure for the units which meets the requirements of the lower-income GMP exemption and implements other related conditions of the exemption as applicable. 3. The lower income exemption agreement shall run with the land. 4. The exemption shall lapse eighteen (18) months from the date of approval unless construction has commenced on any building in the project or unless an extension of time is granted by the City Council. Section 2: The City Manager is authorized to approve and execute a contract with Pleasanton Rotary North implementing the conditions of this exemption.