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CC MINS 19860506 ADJM I N U T E S RANCHO PALOS VERDES CITY COUNCIL /PLANNING COMMISSION ADJOURNED REGULAR MEETING MAY 6, 1986 The meeting was called to order at 5:45 P.M. by Mayor Hinchliffe, notice having been given with affidavit thereto on file. PRESENT: HUGHES, RYAN, BACHARACH , McTAGGART & MAYOR HINCHLIFFE LATE ARRIVAL: HUGHES @ 6:11 P.M. Planning Commission: PRESENT: HODGE , WIKE , McNULTY , & VON HAGEN LATE ARRIVAL: ORTOLANO @ 6:00 P.M. Staff present were City Manager Donald F. Gulu zzy, Acting Environmental Services Director Ann Negendank, City Attorney Steve Dorsey, Deputy City Attorney Mark Lamken, City Clerk Jo Purcell, and Associate Planner Steve Rubin. HOUSING ELEMENT - AFFORDABLE Deputy City Attorney Lamken suamaar- HOUSING - GOLDEN COVE ized the state of the law dealing with affordable housing and the cases currently under litigation. [At 6:00 P.M. Commissioner Ortolano arrived.] Council, Commission members, and the City Attorneys then discussed the gen- eral aspects of the City's housing element, the median income issue, and what an appropriate median income would be. [At 6:11 P.M. Councilman Hughes arrived.] It was the consensus that $40,000 should be considered the median income. Howard Adler, representing the owners of Golden Cove, summarized the back- ground on his company's proposal for these affordable units in meeting the City's housing element. He requested that the Council make a decision on this matter as soon as possible. Th Council and Commission then discussed the ownership and resale of the of ,ordable units, how "windfall" profit situations could be prevented and generally how to prevent abuse of the ownership of these units. It was generally felt that the "owner occupied" requirement would prevent most of these abuses, ADJOURNMENT At 7:15 P.M. the me e t i, g adjourned on motion of Councilm n ,McTaggart . MAYOR E S T : � � ,., CITY CLERK 7V4CP /MIN7.1 May 6, 1986