Council introduces Canopy BR8 affordable‑site development agreement; applicant agrees to $765,000 Iron Horse Trail contribution
Loading...
Summary
Council introduced an ordinance for the Canopy BR8 development agreement to shift some inclusionary obligations to a 161‑unit Eden Housing affordable rental community and to increase the overall affordable unit count and depth; the developer agreed to a $765,000 Iron Horse Trail contribution and council continued adoption to Jan. 27 to add the language.
San Ramon — The City Council held a public hearing and introduced an ordinance on Jan. 13 for a development agreement that would allow Sunset Development and Eden Housing to deliver a 161‑unit affordable rental community (Canopy Affordable Site) as part of the larger Canopy project in Bishop Ranch.
Associate Planner Annalisa Marzad told the council the project at 3000–5000 Executive Parkway proposes 416 homes (255 single‑family for sale and a 161‑unit affordable rental community developed by Eden Housing). Under the proposed development agreement, the developer would transfer land and allocate units so that the inclusionary rate for market‑rate units at Canopy increases from 15% to 22.5% and CityWalk eligible sites increase to 16% where applicable; the arrangement produces a larger number of affordable units and deeper affordability levels than the city’s 15% in‑place requirement.
Annalisa described the projected affordability mix for the Eden community as 160 rental units affordable between roughly 30–80% of area median income, including 15 extremely low‑income units, 55 very low‑income units and 90 low‑income units. The DA term proposed 7 years to secure financing, with a 5‑year extension option; if Eden could not secure financing the land would convey to the city as a rough‑graded pad and prepaid fees would assist later development.
Sunset Development’s Stephanie Hill and Eden Housing’s Dixie Bals presented site design, walking‑district connections and resident services. Eden emphasized demand and resident services, saying they are fielding interest now and have resident‑services programs and partner‑provided services (child care referrals, employment and wealth‑building classes).
Council members asked about traffic analysis (staff said the conversion from office to residential reduces net daily trips by over 3,500), project timing (applicants expect construction to start in 2027–2028 with occupancy about 2029) and guardrails if financing stalls. Council also requested a monetary contribution to Iron Horse Trail improvements similar to a previous agreement for Camino Ramon. Sunset agreed to a $765,000 payment with a CPI escalator; city attorney proposed draft ordinance language (section 6.9) that would impose a $3,000 per‑unit fee (with CPI adjustment) on residential units at BR‑8, payable at building permit issuance and deposited into an Iron Horse Trail improvements fund.
The council voted to continue adoption of the ordinance to the Jan. 27 meeting with the added Iron Horse Trail language.
What happens next: the council set the DA for formal adoption on Jan. 27 after staff and the applicant incorporate the Iron Horse Trail fee language into the ordinance.
