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Council approves De Anza Properties' request to pay in‑lieu BMR fees while staff will confirm unit count
Summary
Council approved the applicant's alternative compliance request allowing payment of in‑lieu fees rather than on‑site BMR ownership units for 1124 W. El Camino Real, while directing staff to determine whether the calculation should be based on 86 or 91 ownership units; staff estimated the in‑lieu ownership fee at about $16M (subject to market changes).
The City Council approved an alternative compliance plan submitted by De Anza Properties for the project at 1124 West El Camino Real, allowing the developer to pay an in‑lieu fee rather than providing on‑site below‑market‑rate (BMR) ownership units. Staff described the project's revision: the main building would contain up to 86 for‑sale condominium units and about 25 rental units, triggering a 15% inclusionary requirement for ownership units under Sunnyvale Municipal Code Chapter…
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