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8.B. - Page 3 <br /> ALTERNATIVES <br /> 1. The Council could opt not to initiate the Downtown Precise Plan amendment. <br /> The above-mentioned affordable housing development would still move forward, <br /> but would not have the protection of the "reserved" allocation. <br /> 2. The Council could direct that a different percentage of the DTPP MAD be <br /> reserved for affordable housing. <br /> FISCAL IMPACT <br /> Community Development staff and City Attorney's office will spend staff time drafting <br /> the DTPP amendment. A significant of staff time is also spent processing development <br /> applications. However staff time and consultant invoices are reimbursed by applicants <br /> per the requirements of the City's standard reimbursement agreements. <br /> ENVIRONMENTAL REVIEW <br /> The Downtown Precise Plan Environmental Impact Report was adopted by the City <br /> Council in 2011 . Any modifications made to the adopted DTPP will be completed in full <br /> compliance with the California Environmental Quality Act (CEQA). This action to direct <br /> staff to initiate an amendment to reserve a percentage of the Downtown Precise Plan <br /> residential allocation for affordable housing is not considered a Project under the CEQA, <br /> and therefore does not require separate environmental consideration. <br /> (t5V5?t <br /> AARON AKNIN <br /> ASSISTANT CITY MANAGER AND COMMUNITY DEVELOPMENT DIRECTOR <br /> MELISSA STEVENSON DIAZ <br /> CITY MANAGER <br />