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deferrals be obligated to provide relocation benefits to individuals displaced as a result <br />of that development, and that 20% of housing constructed in an Opportunity Zone which <br />generates federal tax deferrals be developed as affordable housing. <br /> <br />It is staff’s understanding that the County of San Mateo is currently studying the impact <br />of allowing Census Tract 6015 to remain in an Opportunity Zone, and the City of East <br />Palo Alto City Council has asked that a Census Tract in their community be removed <br />from the list of Opportunity Zones. <br /> <br />ALTERNATIVES <br />Instead of seeking to remove the entire Census Tract areas located within the City’s <br />borders from the list of Opportunity Zones, the City Council may request an exemption <br />of specific parcels located close to the Downtown Precise Plan area. <br /> <br />FISCAL IMPACT <br />There is no direct fiscal impact in authorizing the Mayor to send a letter to the Governor. <br /> <br />ENVIRONMENTAL REVIEW <br />This activity is not a project under CEQA as defined in CEQA Guidelines, Section <br />15378, because it has no potential for resulting in either a direct or a reasonably <br />foreseeable indirect physical change in the environment. <br /> <br /> <br /> <br />CHRISTOPHER DACUMOS <br />MANAGEMENT ANALYST II <br /> <br /> <br /> <br />AARON AKNIN <br />ASSISTANT CITY MANAGER AND COMMUNITY DEVELOPMENT DIRECTOR <br /> <br /> <br /> <br />6.1.E. - Page 3