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DRAFT ATTACHMENT E PRZ-35, City of Pleasanton Application to amend Chapters 17.04 and 17.44 of the Municipal Code pertaining to Condominium Conversions and Inclusionary Housing, respectively. Mr. Steve Bocian presented the staffreport. Staff recommended that the Commission recommend approval to the City Council of the revised Condominium Conversion Ordinance and the amendments to the Inc1usionary Zoning Ordinance. Staff recommended that 25 percent of the units be made available to very-low-, low- or moderate--income households because of its consistency with the Housing Element of the General Plan, which sets a target that 25 percent of all new housing be affordable. THE PUBLIC HEARING WAS OPENED. There were no speakers. THE PUBLIC HEARING WAS CLOSED. In response to an inquiry by Commissioner Blank regarding the current vacancy rate in Pleasanton, Mr. Bocian replied that he did not know but believed it was more than five percent. At Commissioner Blank's request, he described the difference between very-low-, low-, and moderate--income households. In response to an inquiry by Commissioner Blank regarding whether there was an anti-flip provision, Mr. Bocian confirmed that was the case for the affordable units but not for the market units. In response to an inquiry by Commissioner O'Connor regarding whether there was a garage requirement for condominiums, Mr. Bocian noted that he believed that was a Planning question. Ms. Decker noted that the Parking Ordinance stated that approved condominiums must have at least two parking spaces and that one must be covered. However, if a project were to be approved under a different set of requirements or converted, whatever was approved at that time would be allowed. Ms. Harryman advised that there was a provision in this proposed Ordinance (Section 17.04.040.a.3., page 4) that stated, "Parking shall be provided according to standards established for condominiums by Chapter 18.88 of this Code, or, in the event the project was approved initially as a common interest development, parking requirements set forth in the project's approval." Ms. Decker described the calculations for various iterations based on number of bedrooms. In addition, one guest space per seven units must be provided. The current Code requires that for all of those conditions, at least one space must be located in a garage or carport. DRAFT EXCERPTS: PLANNING COMMISSION MINUTES, October 18,2006 Page I of9