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LOCATION - Being Lot I of Lido Neighborhood Unit No. I; being approximately 8.5 acres R-3 (Medium Density residential District.) Affidavits of Publication of Notice of Hearing and Mailing are on file in the City Clerk Department. I) Staff report: Planning Commission, September 16,1996 Senior Planner Passanisi presented the staff report and displayed overheads of the area. He stated that the original plan adopted in 1993 included 170 units, 20 of which were to be affordable, owner occupied, ten 2-bedroom units and ten 3-bedroom units. The new owner is asking for an amendment to construct 170 rental units with 20 affordable 2-bedroom rental units. The affordable units would be available to those households making 60% of the San Mateo County Median Income Index, or $36,780 per year, which translates into rent of $920 per month. The rent would always be tied to the 60% affordability index, and there would be no public subsidies involved. Senior Planner Passanisi said both the Housing and Human concerns Committee and the Planning Commission have reviewed the proposal and recommend approval. In answer to Council questions, Senior Planner Passanisi said the Council was only being asked to approve the amendment to the Plan allowing 20 affordable 2-bedroom units and not voting approval of the project. He said staff did not see a problem with limiting the units to 2-bedrooms based on rental versus home ownership. Senior Planner Passanisi agreed that the affordability index would allow many residents of the City to afford these units. He referred to the concept drawings provided by the developer and said the plans would be reviewed by the Architectural Review Committee and Planning staff as well. 2) Open public hearing; Mayor Hartnett declared the public hearing open at 8:30 p.m. 3) Hear public comment; Michael Gibson, representing "Redwood Shores Properties Inc. and Redwood Shores Owners Association in giving information on the status of the architectural review," described the issue of affordable housing in the original Specific Plan. He said the affordable housil1g element had not been completely defined when the Plan was adopted. Mr. Gibson said the Council at that time urged both rental and ownership units in the project but somehow the affordable housing units were only referred to in the ownership portion of the project. Mr. Gibson said the architectural review of the project was just beginning with the Redwood Shores Owners Association and expressed support for the amendment. REGULAR COUNCIL MEETING MINUTE BOOK NO. 54 SEPTEMBER 16, 1996 MINUTES PAGE 8 Page No. 473