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EXHIBIT H <br /> THE CITY OF _ _ Housing Commission <br /> 1 u � - Agenda ®® rt <br /> I. m I I- _ <br /> LE ASANTONC October 20, 2016 <br /> Item 06 <br /> SUBJECT Review and Recommendation for an Affordable Housing Agreement <br /> with Ponderosa II, Inc. for the Village at Valley Trails Development <br /> Located at 6900 Valley Trails Drive (PUD-113) <br /> RECOMMENDATION <br /> Review the Affordable Housing Agreement for the Village at Valley Trails and recommend <br /> approval by City Council as part of the PUD approval process. <br /> ATTACHMENTS <br /> 1. Draft Affordable Housing Agreement (AHA) <br /> 2. Inclusionary Zoning Ordinance (PMC Ch. 17.44) <br /> BACKGROUND <br /> Ponderosa Homes II, Inc. (the "Applicant") has submitted an application to develop 36 single- <br /> family homes on the approximately 9.0 acre site located approximately at 6900 Valley Trails <br /> Drive (PUD-113), referred to as "The Village at Valley Trails" (the "Development"). <br /> The applicant is proposing to subdivide and construct 36 residential lots which will range in <br /> size from 7,020 sf to 12,656 sf. Homes in the Development are proposed to include five plans <br /> ranging in size from 2,451 sf to 3,387 sf. A table indicating the unit sizes is included in the <br /> Affordable Housing Agreement. <br /> This Development would require a General Plan Amendment to change the land use <br /> designation from Public and Institutional to Medium Density Residential. Rezoning the site to <br /> allow for medium density residential development would not contribute to meeting the City's <br /> current RHNA obligation, although units constructed in the development would count towards <br /> meeting housing unit production goals ("above moderate"). Amenities proposed for the <br /> Development include the installation of a new tot-lot, landscape improvements to provide water <br /> conservation measures in Valley Trails Park and the construction of a community clubhouse. <br /> On August 31, the Planning Commission held a workshop to review, comment and provide <br /> direction on the application. The Applicant has made some adjustments as a result of that <br /> workshop and intends to present the project again to the Planning Commission for a <br /> recommendation to City Council on November 9. Concurrent with that process, the Housing <br /> Commission is tasked with providing a recommendation on the Affordable Housing Agreement <br /> prior to the Planning Commission meeting. Both recommendations will be forwarded for a final <br /> decision by the City Council. <br /> Page - 1 - <br />