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Reso 1685 1-GPC-77 RESOLUTION NO. 1685 (Minute Order) S OF THE PLANNING COMMISSION OF THE CITY OF CUPERTINO FINDING THE CONCEPT OF UTILIZING DEVELOPMENT RIGHTS TRANSFER TO REDUCE THE COST OF OPEN SPACE ACQUISITION TO BE BOTH COST EFFECTIVE AND CONSISTENT WITH GENERAL PLAN POLICY. The finding specifically relates to the proposed transfer of development rights for three dwelling units from 63 acres to be purchased from the Nellis family by the Mid-Peninsula Regional Open Space District to residual acreage owned by the Nellis family. The proposal involves the transfer of three dwelling units from the 63-acre land area which is entitled to a total of fourteen dwelling units as determined by application of the Semi-Rural 5-acre slope density formula. Although the three dwelling units can be added to the slope density yield generated on the remainder of the Nellis holding, the finding of consistency relative to development rights transfer does not preclude the City from reducing dwelling unit density for a sub- sequent development proposal contingent upon environmental and other factors. 1110 PASSED AND ADOPTED this llth day of April, 1977, at a regular meeting of the Planning Commission of the City of Cupertino, State of California, by the following roll call vote: AYES: Commissioners Blaine, Gatto, Koenitzer, Markkula, Chairman Adams NAYS : None ABSTAIN: None ABSENT: None APPROVED: i -• 7 � �- i'l f 67 z Victor J. Adams, Chairman • Planning Commission ATTEST: I d Robert Cowan Assistant Planning Director S -1-