CITY COUNCIL REGULAR MEETING AGENDA PACKET

Page 16 of 17 notification were also sent notices, as were developers whose email contact information is maintained by the City. Staff presented the key findings of the fee update to meetings of the Chamber of Commerce Economic Development and Government Relations (EDGR) Committee, and the City’s Economic Vitality Commitee, at meetings in October. STRATEGIC PLAN ALIGNMENT Completion of these updates is consistent with the ONE Pleasanton Strategic Plan and with the 6th Cycle Housing Element: ONE Pleasanton Strategic Plan.Goal A – Funding Our Future: Strategy 7: Conduct an analysis and update development fees to keep pace with new development costs. Housing Element Program 2.1:Continue to implement the Inclusionary Zoning Ordinance and actively pursue strategies to improve its effectiveness in producing affordable housing units in conjunction with new development. The following actions will be undertaken by the City: • Study the following amendments to the Inclusionary Zoning Ordinance and adopt such amendments provided they are not found to be an undue constraint on the production of housing: o An increase to the proportion of inclusionary units required in multi-family projects to be up to 20 percent, rather than the current 15 percent requirement. Identification of a target mix of affordable units (including proportions of very-low, low- and moderate-income units), with the potential for an alternative mix of affordability to be proposed and approved if it would better meet other housing policy objectives to do so. For example, if the project provided deeper affordability, and/or resulted in the production of units suitable for special needs groups such as seniors or persons with mental or physical disabilities. Target affordability mix and unit size standards, including a required proportion of larger (three or more bedroom) lower-income units, may be implemented through Objective Design Standards (Program 4.2) or the amended Inclusionary Zoning Ordinance. Housing Element Program 2.2: Require new commercial development to pay the Lower- Income Housing Fee established by City Ordinance and adopted by the City, or to otherwise mitigate demand for new employee housing as allowed by the Pleasanton Municipal Code (e.g., through construction of units or dedication of land). Regularly evaluate the amount of these fees to ensure that they: (1) remain commensurate with the needs generated by the development; (2) are established at a level proportionate with the actual cost to provide new housing; and (3) are in conformance with State law while ensuring that Pleasanton remains locally and regionally competitive in attracting new commercial investment. FISCAL IMPACT Adopting the fees would have a neutral or beneficial fiscal impact, since it would better align proposed fees levied on new development with the capital facilities, infrastructure and housing Page 222 of 893