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. . I '" In response to Director Ira's questions regarding "the mix of the 15%", Director Church said, "That will be one of the issues that we present to you when we get further into the discussion and have some more shape to it. We will bring a series of issues to you before - the [mal DDA is drafted, asking for your policy direction." Director Church said that his hesitancy in accepting in lieu fees was partly based on financial considerations. He said, "It's dangerous. One, because obviously... if we get the units on site we know that the units are there. Ifwe accept some funds in lieu, we don't know exactly how much they are going to cost us. And there is some real practical political difficulty in finding a site.... Where would we put them? If they are not acceptable here, where could we put them?" Director Church said that when the Council was considering the Classic Homes Communities the Council said, " we don't want (median density units) out on the western edge of town. We want to focus those kinds of issues in the Redevelopment Area.... In this market it would be very, very difficult to find a site or sites to do that many units. It is not impossible, only very difficult." Director Church described the options available for the affordable units and the costs related to each decision. He said the least cost would be to include them in the rental portion of the project, and "that is a dialogue that will have to be held between Shea Homes and Irvine Apartments to accommodate their different interests within the development team." Council Member Ira said the cost per unit was escalating. City Attorney Schricker said, "I would caution the Board, to some extent, on legal considerations, regarding the ability to mandate owner occupied as opposed to rental." Director Church said that within the 15%,9% of that total can be affordable to people up - to 120% of median income which for a family of four is now close to $70,000. He said that only 6% of the 15% were designated for very low income. He said those were the difficult units to relocate elsewhere. Chairperson Howard expressed support for keeping the 15% within the Franklin Street Project, "because what better place to put it than along a major transportation corridor where people mayor may not have vehicles. Certainly we would like to encourage them not to use vehicles... This is just the perfect opportunity for us" to be able to provide 75-80 affordable units. Director Hartnett said it would be impractical to locate the 15% affordable units somewhere else in the City. He said he liked how the footprint of the project had changed and the improved open space of the park. Director Hartnett said he wanted to hear more about the property next to the project which would make the entry more welcoming and provide usable space for families in the area. Director Church said, "the Housing and Human Concerns Committee, I've been told, has taken a position they would like to recommend that the 6% very low income be increased to 8%. That issue you will deal with in the very near future." - SPECIAL REDEVELOPMENT AGENCY MEETING MINUTE BOOK NO.1 May 18, 1998 MINUTES Page No. 474 PAGE 5