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Planning Commission Action <br />• Held public meetings on 1.23.12 and 2.13.12 <br />• Per Planning Commission bylaws, project forwarded to City Council at <br />the request of applicant. <br />Project Description <br />• 278 residential units in five -story buildings <br />• 51% 1- bedroom units <br />• 49% 2 and 3- bedroom units <br />• Average unit size 915 square feet <br />• Open Space: 255 s.f. /unit <br />• Tandem parking 42% <br />• Contemporary architectural style with a variety of rooflines, varied <br />facades and architectural projections at key corners <br />• Exterior finishes include stucco, fiber cement panels, wood laminate <br />panels, ceramic tile finishes, metal awnings and rails, and aluminum <br />windows <br />Zoning Ordinance Amendment <br />• Specific Development No. 43 <br />• Amend multi - family parking ratio <br />• from 2.26 to 2.22 spaces per unit <br />• Allow tandem parking <br />• No current standard within SD -43 <br />Development Agreement Amendment <br />• Amendment Highlights <br />• Term 10 years <br />• New owner, Vineyard Development <br />• New project design <br />• Public Benefits <br />• Park In -Lieu fee <br />• Public Art <br />• Inclusionary Housing fee <br />Vesting Tentative Tract Map <br />• Subdivision for condominium purposes <br />• Home ownership <br />• Conditions of approval <br />California Environmental Quality Act (CEQA) <br />• Mitigated Negative Declaration prepared to assess potential impacts <br />• Public Review period 11.14.11 — 12.16.11 <br />• Mitigation Measures and Monitoring Program provided <br />*Councilmembers Martinez and Benavides joined the meeting at 6:30 p.m. <br />Councilmember Sarmiento joined the meeting at 6:36 p.m. <br />CITY COUNCIL MINUTES 12 MARCH 19, 2012 <br />1 0A -12 <br />