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Page 11 of 11 <br />STRATEGIC PLAN ALIGNMENT <br />Approval of this action advances the ONE Pleasanton Strategic Plan goal of Building a <br />Community Where Everyone Belongs – Strategy 6, which aims to implement the Housing <br />Element and develop a plan to end homelessness to meet state requirements and provide <br />opportunities for additional housing and shelter in the community. This project would add a <br />total of 412 (310 single-family units and 102 multi-family rental units) new residential units to <br />Pleasanton’s housing stock, all of which would provide new housing opportunities for <br />Pleasanton and Tri-Valley residents. <br /> <br />FISCAL IMPACT <br />Approval of the Affordable Housing Agreement will implement the approval of the Villages at <br />the Quarry residential project, including 101 affordable housing units in compliance with the <br />City's adopted Inclusionary Zoning Ordinance. While these new residential units will increase <br />the demand for City services, it will be offset by new property tax from the new market-rate <br />units and overall increase in assessed value of the site and new sales tax generated by <br />spending by the new residents; the project will also be required to pay development impact <br />fees to offset the needs for capital improvements created by the project’s new residents. <br /> <br />Prepared by: Submitted by: Approved by: <br /> <br />Steve Hernandez, Housing <br />Division Program Manager <br />Ellen Clark, Director of Community <br />Development <br /> <br />Gerry Beaudin, City <br />Manager <br /> <br />Attachments: <br />1. Attachment 1 - Resolution Villages at the Quarry AHA <br /> <br />Page 124 of 682