Title
Modification of 777 West Middlefield Road Below-Market-Rate Housing Requirements
...Recommendations
Adopt a Resolution of the City Council of the City of Mountain View: (1) Amending City of Mountain View Resolution No. 18329 to Modify Condition of Approval (“COA”) No. 66 to Increase the Income Eligibility For Moderate-Income Housing Units From 120% of the Area Median Income to 150% of the Area Median Income (“AMI”) For Qualifying Mountain View Whisman School District (“MVWSD”) and City Employees; (2) Finding That Pursuant to California Code of Regulations Section 15060(C)(2) the Proposed Modification to COA No. 66 Is Not Subject to the California Environmental Quality Act; and (3) Authorizing the City Manager or Their Designee to Amend the Below-Market-Rate (“BMR”) Regulatory Agreement to Increase the Income Eligibility For Moderate-Income Housing Units From 120% AMI to 150% AMI For Qualifying MVWSD and City Employees and Extend the Amount of Time MVWSD Teachers and Staff Have to Vacate an Income-Restricted BMR Unit After Exceeding the Income Limit From One Year to Three Years, to be read in title only, further reading waived. (Attachment 1 to the Council report).