CITY COUNCIL REGULAR MEETING AGENDA PACKET 3-17-26 (3)

Page 4 of 4 OUTREACH No public notice is required for this action. At the time of this report’s publication, no public comments were received. Public comments received after publication of this report will be forwarded to the City Council. STRATEGIC PLAN ALIGNMENT Approval of this action advances the Citywide ONE Pleasanton strategic plan goal of Building a Community Where Everyone Belongs. It directly supports Strategy 6, which aims to Implement the Housing Element and develop a plan to end homelessness to meet state requirements and provide additional housing and shelter opportunities in the community. This project would add 110 new residential units to Pleasanton’s housing stock, including 18 on-site affordable units, providing new housing opportunities for the underserved age-restricted community. FISCAL IMPACT There is no direct Fiscal Impact from approving the RHNA transfer. As described for the prior City Council actions, the already approved project would be responsible for paying fees and for the costs (either fully or on a pro-rata basis) of required utility or infrastructure improvements, as set forth in the project's Conditions of Approval and/or Development Agreement. The project would increase demand for City services, but in addition to payment of development impact fees, would also generate ongoing property tax revenue and incremental sales tax revenue associated with materials used in the project’s construction. The City Council approved a tax-sharing agreement with the County of Alameda on October 21, 2025, which was determined to represent an appropriate sharing of future property tax revenues that would accrue with the development of the project. Prepared by: Submitted by: Approved by: Eric Luchini, Senior Planner Ellen Clark, Director of Community and Economic Development Gerry Beaudin, City Manager Attachments: 1. Resolution with Exhibit A Page 50 of 242