2006-04-21 TSeascape-development

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pursuant to whatever the standards that may be applicable at that point in time by the Department of Public Works. And you know that connection could be 20 years from now or maybe 5 years from now and whatever the prevailing standard is the construction plans would have to be prepared and approved in pursuant to approved Public Works standard. So I think the critical thing is to understand that this is not an effort to, on the part of the developer to eliminate or to escape this requirement. Its just to, you know just to see like what is reasonable given the situation that they have right now. ALAMEDA:Follow up Mr. Iwashita? IWASHITA:No. ALAMEDA:Mr. Director you had a comment? YUEN:IjustwantedtosaythattheDepartmentsupportsthispartiallybecausewe do have a way of implementing the construction in the future. It would be pretty typical of us in a subdivision to make them build out to the property line rather to make them build the stub out to the property line. These same issues come up. And typically if there is a concern about it being a problem area because of a cul-de-sac we would-, you could have this temporary barrier. But in a typical subdivision the subdivider will be gone and theres no real way of assuring that the road will be built out to the end. In this case we do have a property owner who owns several lots and potentially develop the lots in the immediate area. The other factor here is that this is a 100% affordable project and we are trying to work with people in that, who are doing affordable housing to try to avoid loading unnecessary cost on the project. ALAMEDA:Fellow Commissioners? Commissioner Watanabe? WATANABE:Im good. ALAMEDA:Commissioner Iwashita, Commissioner Graham? Your thoughts? Any questions for Mr. Fuke or the applicant? Commissioner Iwashita? IWASHITA:I guess given the Directors comments I have a question of the developer and that is if this is denied are you not going to do the project? DICKLER:Thank you Commissioners. No if this is denied we are moving forward with the project. I was misquoted in the paper when they said that we werent going to go forward. But I would like to thank Mr. Yuen. This is part of the issue here is that you asked, one of the Commissioners asked earlier whats changed, I think it was Mr. Graham asked whats changed since the original application. The original application called for 40% affordability and were doing 100% affordability. The original application included a, not a County standard roadway to this property and we went for the process of the subdivision it was required to put the full right-of-way in. So were doing that. Its 2000 feet were already putting of roadway on an affordable project it translates; it does come down to cost as a factor. And as Mr. Yuen said were trying to maintain our cost, we have cost increases every single day, we cannot raise the price that were charging for these and it goes into the product. We are the first developer in EXHIBIT A 7