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REQUEST FOR <br />COUNCIL ACTION <br />CITY COUNCIL MEETING DATE: <br />MAY 15, 2018 <br />TITLE: <br />CONSIDERATION OF A DENSITY BONUS <br />AGREEMENT TO ALLOW A 418 -UNIT <br />AFFORDABLE SENIOR RENTAL COMMUNITY <br />AT 2222 EAST FIRST STREET <br />{STRATEGIC PLAN NOS. 3, 2; 5, 3} <br />AA <br />lv' <br />C TY MANAGER <br />RECOMMENDED ACTION <br />Review and select options below: <br />CLERK OF COUNCIL USE ONLY: <br />❑ As Recommended <br />❑ As Amended <br />❑ Ordinance on 15' Reading <br />❑ Ordinance on 2nd Reading <br />❑ Implementing Resolution <br />❑ Set Public Hearing For <br />CONTINUED TO <br />FILE NUMBER <br />1) Authorize the City Manager and Clerk of the Council to execute a Density Bonus <br />Agreement with Affordable Housing Land Consultants, Inc., or assigns, for a 55 -year <br />term, subject to non -substantive changes approved by the City Manager and City <br />Attorney for the development of a 418 -unit affordable senior rental residential community <br />at 2222 East First Street, or alternatively <br />2) Deny the Density Bonus Agreement, or alternatively <br />3) Direct staff to re-evaluate the Density Bonus Agreement <br />PLANNING COMMISSION ACTION <br />At its regular meeting on September 11, 2017, the Planning Commission recommended approval <br />of the Density Bonus Agreement No. 2017-01 by City Council as conditioned to allow construction <br />of a 418 -unit affordable senior rental residential community at 2222 East First Street located in the <br />Metro East Mixed Use Overlay District (OZ -1). <br />UPDATE FROM THE MAY 1, 2018 CITY COUNCIL MEETING <br />This item was continued from the Regular City Council meeting of May 1, 2018 with direction for <br />staff to provide additional information on the following issues: <br />Examine how the project meets the City housing needs <br />The Housing Element prioritizes large family housing due to the larger household size and <br />younger age of the City's population. As an affordable senior housing project the increased <br />density permitted by this agreement will serve a different segment of the population without <br />supportive services tailored to the population. <br />60A-1 <br />