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Page 1 of 11 <br />Item #7 <br /> CITY COUNCIL AGENDA REPORT <br /> <br />May 20, 2025 <br />Community Development <br /> <br />TITLE: ADOPT A RESOLUTION APPROVING THE AFFORDABLE HOUSING <br />AGREEMENT WITH SQUARE MILE PLEASANTON, LLC FOR THE MULTI- <br />FAMILY AFFORDABLE RENTAL HOUSING PROJECT AT 3300 BUSCH ROAD, <br />PART OF THE VILLAGES AT THE QUARRY RESIDENTIAL DEVELOPMENT <br /> <br />SUMMARY <br />Square Mile Pleasanton, LLC (Developer) received Planning Commission approval for <br />Applications for Housing Site Compliance Review (Case No. P23-0480) and Vesting Tentative <br />Map 8680 approval pursuant to SB 330 for the construction of: a) 310 detached two-story <br />single-family residential homes with 62 junior accessory dwelling units (JADUs); b) 102 <br />multiple-family rental units in four, three-story buildings plus an amenity building, which include <br />101 affordable housing units and one manager’s unit; c) an approximately 2-acre park <br />owned/maintained by the development’s homeowners association (HOA) with access for the <br />general public; and d) on- and off-site improvements. The residential development requires <br />City Council approval of an Affordable Housing Agreement to comply with the City’s <br />Inclusionary Zoning Ordinance (IZO), including approval of an alternative method of <br />compliance regarding timing for construction of the units. <br /> <br />RECOMMENDATION <br />Adopt a resolution approving the Affordable Housing Agreement with Square Mile Pleasanton, <br />LLC for the multi-family affordable rental housing project at 3300 Busch Road, part of the <br />Villages at the Quarry residential development. <br /> <br />BACKGROUND <br />Site and Area Description <br />The approximately 51.37-acre, roughly triangular-shaped site is located at the southeast <br />corner of Busch Road and Valley Avenue, known as 3300 Busch Road. The site is currently <br />occupied by a construction equipment storage company operating under a short-term lease <br />and through the approval of the City’s temporary use permit process. The neighboring <br />Pleasanton Garbage Service (PGS) facility also leases space for parking/storage of trucks and <br />vehicles on the site. The site is bounded to the north by Busch Road, with the Village at <br />Ironwood senior residential community and City Public Works Department (formerly Operation <br />Services Department) facility across Busch Road to the north. The east side of the site abuts <br />the PGS transfer station facility and a large vacant lot. A self-storage facility and light industrial <br />uses are located to the south and across Valley Avenue to the west. See Figure 1 for the <br />project’s location. As described below, the proposed project includes two major elements – the <br />development of 310 detached, market-rate units, and 102-unit multi-family units that would be <br />located within a 3-acre area in the northeast quadrant of the site, adjacent to Busch Road. <br /> <br /> <br /> <br />Page 114 of 682