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Ordinance No. <br />Page 3 of 32 <br /> <br />P24-0505, Pleasanton Municipal Code Amendments City Council, November 17, 2024 <br />Exhibit A, PMC Amendments, Page 3 <br />B. The project developer shall enter into a regulatory agreement with the city in order for a <br />project to qualify for an exemption by the inclusion of lower-income or moderate-income <br />housing units. <br />(Ord. 1488 § 1, 1990; Ord. 2192 § 2, 2019) <br />§ 17.40.050. Reduction of fee—Commercial, office or industrial project. <br /> <br />A. The city council may reduce the required fee for a commercial, office or industrial <br />development project when the project developer can demonstrate: (1) that the proposed use <br />will generate substantially fewer workers than the uses which have established the fee; and <br />(2) that the building design is unable to house another use without substantial renovation. <br />Examples of such uses are public utility facilities, exclusive storage buildings, etc. <br />B. In the event such buildings are renovated to house another use, the fee then applicable shall <br />be due at that time. <br />§ 17.40.060. Commercial, office or industrial projects—Construction of lower- <br />income housing. <br />Commercial, office or industrial development projects may construct lower-income housing to <br />fulfill the requirements of this chapter in accordance with this section, and with the applicable <br />provisions of Section 17.44.040. <br />A. Lower-income housing proposed to offset the requirements of this chapter must be <br />proposed in conjunction with the commercial, office or industrial development project <br />which would give rise to the fee and must be approved by the city council in offsetting <br />otherwise required affordable housing fees. <br />B. For lower-income housing constructed on lands designated for other than residential <br />development in the general plan as of the effective date of the ordinance codified in this <br />chapter, the project developer shall be given a credit, for purposes of offsetting the <br />affordable housing fee otherwise required, in an amount established by separate city <br />council resolution and which credit amount shall be set forth in the city's master fee <br />schedule, as amended.fees and charges appendix. <br />C. For lower-income housing constructed on lands designated for residential development in <br />the general plan as of the effective date of the ordinance codified in this chapter, for each <br />lower- income housing unit constructed beyond 15 percent of the residential development <br />project, the project developer shall be given a credit for purposes of off-setting the <br />affordable housing fee otherwise required, in an amount established by separate city <br />council resolution and which credit amount shall be set forth in the city's master fee <br />schedule, as amended. fees and charges appendix. <br />D. In the event the lower-income housing constructed by the developer of a commercial, office <br />or industrial development project creates an offset of the affordable housing fee greater <br />than the total fee required by the development project, the developer may apply the <br />difference to other sites then owned by the developer. This transfer shall be so noted in the <br />regulatory agreement accompanying the project. <br />(Ord. 1488 § 1, 1990; Ord. 2192 § 2, 2019) <br />Page 52 of 658