Reso25-05 0090 - PC Reso 1201 Main Street Mixed Use Project

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ATTY/RESO.0090/PC RESO 1201 MAIN STREET MIXED USE PROJECT REV: 08-15-25 VR Page 10 of 32 or will otherwise provide greater public benefit than the standard requirement. The proposed affordable units mitigate the project’s impact on the need for affordable housing by providing fifteen percent (15%) of the base units as affordable onsite, or four total (4) units, but at lower income levels than what is specified in Section 29.4.A.1 and paying an in-lieu fee for fractional units. Of the four units, the project proposes one fewer moderate unit than required but an additional unit at the low income level. These units are comprised of one moderate unit (one-bedroom); two low-income units (a studio and a one-bedroom); and one very-low-income unit (a one-bedroom). The project will also pay an in-lieu fee of $54,435.20 for fractional units. Because the project proposes more affordable units at a lower income level, there is substantial evidence to support a determination under Section 29.4(A)(1) that the project’s alternative percentages will provide more affordable units at a lower income level. Moreover, the additional unit at the lower income level provides a greater public benefit than the standard requirements since it is generally more difficult to provide sufficient housing at the lower affordability levels. 8. Based on the foregoing, the Planning Commission hereby approves the Project in its entirety subject to the Conditions of Approval attached as Exhibit A to this Resolution, which includes the approval of Architectural Permit (AP2024-030), Tentative Parcel Map (TM2024-01), Use Permit (UP2024-013), Affordable Housing Plan and alternative levels of affordability proposed in the Affordable Housing Plan, density bonus and associated concessions, and waivers. 9. This Resolution is effective upon its adoption. * * *