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HomeMy WebLinkAboutORD 2744• • ORIGINAL ORDINANCE NO. 2744 ORDINANCE OF THE COUNCIL OF THE CITY OF PALO ALTO AMENDING SECTION 18,08,040 OF THE PALO ALTO MUNICIPAL CODE (THE ZONING M}.P) TO CHAL"'lGE THE CLASSIFICATION OF PROPERTY KNOWN AS 4295 ALMA STREET FROM R-1-B-8-A TO P-C, SUBJECT TO CONDITIONS The Council of the City of Palo Alto does ORD~IN as follows: SECTION 1. Section 18.08.040 of the Palo Alto Municipal Code, the "Zoning Map," is hereby amended by changing the zoning of certain property known as 1295 Alma Street from R-l~B-8-A to P-C. Said property is shown on a map attached hereto, incorporated herein by reference and entitled 11 Change of District from R-1-B·S-A To p ... c". SECTION 2. The diagrams attached hereto, entitled "Development Plan, Scheme B," are incorporated herein by reference. Said Development Plan is approved pursuant to Section 18.68,070 of the Palo Alto Municipal Code, subject to the following conditione: A. Usea 34 total units of which 26 shall be market-priced living units and B shQll be offered for sale to households of moderate income by tha developer in cooperation with the City or the City's designated representative who will assist the developer in the qualification of buyers. All of the units sold to moderate inoorn~ ~uyers are hereby made subject to 4 right of first refusal to purchase such unit o~ un~ts vested in the City of Palo Alto or e;ny governme~tal or nor1p:rofi t organization designated by the City of Palo Alto. The City or its designee may assign this ri~ht to an individual private buyer who meets the City's approved eligibility qualifications. Until such time as the riqht of first refusal herein is exercised or eKpires, none of the eight anita to be sold to moderate income buyers here­ under or any part or portion thereof shall be leased, ranted, assigned or otherwise transferred to any person or entity, except with the express • written consent of the City of Palo Alto or its designee, which consent shall be consistent with the City's goal of creating, preserving, main­ taining, and protecting housing in Palo Alto for persons of low and moderate income. Right of first refusal and the rental restrictions above must be included in the deed of ownership by the developer. The right may be exercised by the City or its designee within 60 days of written notice of intent to sell by the owner or written notice of any other method or mode of termination of ownership. If and in the event that the City or its designee exercises its option or purchase, close of escrow of such purchase shall be within 90 days of the opening of such escrow. Closing costs shall be pursuant to the custom and practice in the City of Palo Alto at the time of the opening of such escrow. The purchase price of such unit or units shall be fixed at the lowest price arrived at via the follo'><~ing two methods of price agreement: 1. The City or its designee shall have an appraisal made by an appraiser vf its choice to establish the market value. The owner may also have an appraisal made by an appraiser of his choice to establish the market value. If agreement cannot be reached, the midpoint of the two appraisals shall be termed the market price. 2. The price of each unit shall be the base price for which the unit originally sold, plus that amount equivalent to the rise in the cost of living index for the San Francisco Bay Area as determined by the u. s. Department of Labor, Bureau of Labor Statistics. Should the City or .its designee decide not to exercise the above option or to sell them on the open market, the developer shall have the right of second refusal for acquisition in accordance with the price determina­ tion rules outlined above. The developer would then be free to sell at market rates. B. Improvements: 1. Buildings, parking, landscaping, driveways and all other improvements shall be substantially as shown on the approved development plan. ~. An emergency vehicle entrance on Alma Street shall be provided in accordance with the requirements of the Chief of the City of Palo Alto Fire Department. 3. The driveway onto San Antonio Way shall be constructed in accordance with the requirements of the Director of Public Works so as to facilitate traffic circulation and safety and to provide sidewalk continuity for pedestrians and bicycles. 4o Developer shall offer by subdivision map and otherwise all streets for dedication to the City. -2- • • \. 5. Curbs and gutters shall be installed on both sides of the street, and a four-foot wide sidewalk on one side to city standards, both at developer 1 s sole expense. 6. The street shall be not less than twenty-four feet wide as measured from the back faces of the curbs, except where shown at greater widths on the development plan. 7. Prior to issuance of building perrn.it, developer shall obtain the approval of the Planning Commission as to street lighting, architectural and landscaping details. a. The wall along San Antonio Way shall be set back three feet from the property line to permit land­ scaping between the wall and the public sidewalk. Said landscaping shall be regularly maintained, along with all other common landscaping, by a homeowners' assoc­ iation. 9. The moderate inc~~e units shall be set back at least twenty feet from the property line. SECTION 3, The Development Schedule for the subject property shall be as follows= A. Start of construction with:tn four {4) months of City Council approval. B. Completion of all construction and development within one (1) year of start of construction. SECTION 4. The proposed development is hereby found to have no significant environmental impacto SECTION 5, This ordinance sha!l become effective upon the expiration of thirty days from its passage. INTRODUCED: PASSED: AYESt NOES[ ABSTAIN: ABSEN'£; ATTEST: August 20, 1973. September 11, 1973 Beahrs, Clay, C~mstock, Henderson, Norton, Pearson, Rosenba~~ None Berwald, Sher None -3- . ' . , • • APPROVED AS TO FORM: c~ ==-·· APPROVED: ~ < {l &?"~'\ cl ty Manl'ger APPROVED: -4-. ' • f . . . . . . • • FE IUJ £.' C'l: -----. __ .J.-.~-- REMAINS P-C CHANGE R-1-B-8-A TO P-C MOUNTAIN VIEW 73-zc-4 ZONE CHANGE BOUNDARY . • • • • EXISTING ZONE BOUNDARY 0 o o o o CITY LIMITS BOUNDARY 0 200 -- 400 ~ . ', .• ~- "'·-~· {-. '· ' . .. }~ .. ~ . -~ .......... p~--." .. !ir-n N<;t~--------· ;::,-: :.i src,fT,_U-;~.IiZ3 (lfi 0~ PALO ALTO .. '.J ------.-------------------------------------------------------------~ Cf?-1€0 ~.;"7E ,A:.f~" t 3 t ~te--0 :: cr :;~ t ~ y• J U: -~ti81 ;M~~;:J ,'i'f.,.. • '!<, '11 : ':.<l•r. lf'!:< <"S:.:>...,;~ P.c? Dl,~Ero/1'<:.>• %;'!19 t ~.FT rr:v.A.-:t, ;_;;~!!: f ·:·79!f7 ~,~~~J16 : ':>11 7~~ t ~-"· ·-,_ \ \ f.< {'W) e·< -----­.....-.---,. -' ..C_ " TC """ ' LVi"'f: ' ... -.... 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