CITY COUNCIL REGULAR MEETING AGENDA PACKET

valuable source of funding to support the production of affordable housing and programs that preserve access to and support affordable housing for Pleasanton households; and WHEREAS, in January 2024, the City retained professional services firm Economic and Planning Systems (EPS) to provide analysis and recommendations with respect to modification to the inclusionary rate and target affordability limits, and in particular to evaluate the feasibility of such changes with respect to the overall production of market-rate residential units; and WHEREAS, the City Council held public workshops on May 7, 2024 and August 20, 2024, studied potential amendments to the inclusionary rate and required affordability levels as stated in the IZO, and provided direction on various potential amendments to the IZO; and WHEREAS, on September 11, 2024, the Planning Commission held a duly-noticed public hearing and considered the written agenda report, relevant exhibits, direction from City Council and recommendations from City staff concerning the proposed amendments, and received testimony from interested parties, and recommended City Council approve the proposed amendments; and NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON DOES HEREBY ORDAIN AS FOLLOWS: Section 1: Findings Pursuant to the California Environmental Quality Act (CEQA) The City Council finds the adoption of this ordinance is not a project within the meaning of Section 15378 of the California Environmental Quality Act (CEQA) Guidelines because there is no potential for it to result in a physical change in the environment, either directly or indirectly. Additionally, the ordinance is exempt from CEQA pursuant to CEQA Guidelines Section 15061(b)(3) because it can be seen with certainty that there is no possibility of a significant effect on the environment and contains no provisions that will directly or indirectly result in a physical change in the environment. Section 2: Approves Case No. P24-0334 for amendments to Pleasanton Municipal Code (PMC) Chapters 17.44 (Inclusionary Zoning), 17.40 (Affordable Housing Fee),18.38 (Housing Opportunity Zone District). Section 3: This ordinance shall become effective 30 days following its passage. The foregoing Ordinance was introduced at a regular meeting of the City Council of the City of Pleasanton on November 19, 2024, by the following vote: Page 48 of 658