CITY COUNCIL AGENDA PACKET - Laserfiche WebLink

Page 4 of 5 • Program 1.7: Facilitate the development of major sites. In December 2023, the City Council approved the Stoneridge Mall Framework Components, which outlined how housing allowed under the 6th Cycle Housing Element was to be allocated among the four property mall owners and six parcels at Stoneridge mall. It also defined a Vision Statement, Guiding Principles, and a series of Design and Placemaking Elements to be reflected in a future Framework Plan. The intent of the document is to provide guidance for any subsequent efforts related to the comprehensive, long-range planning of the mall. Since approval of the framework, the City has met with the Stoneridge mall property owners to discuss existing conditions and constraints, understand each owner's development interests and priorities, assess key issues to be identified as part of a master planning effort, and discuss elements of the next steps. • Program 2.1: Update to the Inclusionary Zoning Ordinance, which was adopted by the City Council on December 3, 2024. • Program 2.3: Review the Lower-Income Housing Fee for market-rate residential development, including consideration of adjustments to the fee within the amounts supportable by the existing Nexus Study to ensure the fee reflects the cost to mitigate demand for new affordable housing created by new development. The City initiated work on a comprehensive update of the commercial linkage fee, affordable housing in- lieu fee, and development impact fees in December 2023. The study included feasibility analysis and analysis to consider assessing fees on a per square foot basis. The updated fees based on the study, structured to include per square foot fee rates, were adopted in December 2024. CALIFORNIA ENVIRONMENTAL QUALITY ACT (CEQA) This is an informational report and not a project as defined by CEQA Guidelines Section 15378; therefore, no environmental assessment is required. EQUITY AND SUSTAINABILITY The Housing Element advances equity by planning for and accommodating enough housing across all income levels, and provides the City with an opportunity to assess its housing needs and to develop policies and actions that effectively respond to those needs. OUTREACH Not applicable, as this is a routine matter of City business. STRATEGIC PLAN ALIGNMENT Approval of this action advances the strategic goal of Building a Community Where Everyone Belongs of the ONE Pleasanton Strategic Plan as it directly supports Strategy 6 - Implement the Housing Element as completion of this report implements Housing Element Programs 1.2 and 4.1. FISCAL IMPACT There is no fiscal impact with adoption of the resolution approving the Annual Progress Report. Page 94 of 348