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is deemed sufficient to maintain current levels of maintenance and service to residents. City Housing staff recently completed a refinancing of the existing $8 million mortgage with Ca1HFA. This restructuring will ensure the continued financial well -being of the project. As part of an on -going program, the City has allocated CDBG and City Lower Income Housing Funds for several years to make facility improvements at Kottinger Place, which is almost 40 years old. Past improvement projects include reroofing, repainting, installation of new doors, and landscape rehabilitation to decrease maintenance costs. This program will continue in FY 2010 with an emphasis on interior and exterior rehabilitation improvements. A $260,000 federal CIAP grant was awarded to the project in 1996 and construction was recently completed on modernization improvements at Kottinger Place. The complex now receives an annual allocation of Capital Funds from HUD (approximately $60,000 per year) which is enabling improvements to the physical aspects of the project. In 2006, the complex began receiving HUD Operating Subsidy funds of approximately $90,000 which will greatly improve the operational aspects of the project. In November 2003, the City Council approved a 11- member task force to study the potential for redeveloping Kottinger Place, a 50 -unit Public Housing complex for elderly persons located at 240 Kottinger Drive in Pleasanton. This is part of a long -term effort to plan for the eventual replacement of these units, which comprise the only housing units administered by the Pleasanton Housing Authority. The project may also involve an adjacent senior development, Pleasanton Gardens (40 units located across the street at 251 Kottinger Drive). The task force includes representatives from the City Council, Housing Commission, and the Parks and Recreation Commission as well as eight at -large members (including residents of the two senior complexes). The group met regularly since 2004 and obtained consultant services (with Christian Church Homes) to analyze processing and financing issues for the project. In early 2010, the City Council reviewed information collected by the task force and confirmed its interest in moving forward with the project. The task force is considering replacing one or both of the existing developments with a larger number of units, using the current affordability levels as a minimum for any future project. Due to the scope of this project, it will likely extend beyond the term of the five year Consolidated Plan. No resident initiatives are deemed necessary in the five -year period. However, the City continues to work with the Pleasanton Housing Authority on the preparation of annual Housing Authority Agency Plan update required by HUD. The City will continue to coordinate with the Housing Authority during the coming five -year period. Action Plan FY10 City of Pleasanton Page 39