Almanac

News - January 12, 2011

Beltramos townhomes before Menlo council Tuesday

by Sandy Brundage

Ten years ago, the Beltramos started dreaming of building townhomes at 1460 El Camino Real. On Tuesday, Jan. 11, the Menlo Park City Council will decide whether that dream takes a step closer to reality.

The city and developer haggled for months over the number of below-market-rate (BMR) townhomes to be included. The original plan followed city policy by setting aside three BMR units, but the Beltramos have now asked to include only one in light of declining real estate values.

In October, the Planning Commission voted to accept a deal that allows the Beltramos to include only one BMR townhome, in exchange for 10 to 20 percent of sales revenue on each remaining unit if the unit's sales price exceeds $1 million, according to the staff report.

The commissioners also agreed to accept in-lieu fees on five market-rate townhomes and up to $382,704 in commercial linkage fees for a two-story office building the developer plans to build on the same site.

The deal was not wholeheartedly approved by the Planning Commission, despite a 5-0 vote. Katie Ferrick abstained after saying she was troubled by the BMR issue but didn't want the project to fail.

Before reaching the planning commissioners, the project first passed the Housing Commission. However, Commissioner Anne Mozer said she wished she could retract her vote.

"I finally decided I needed to stand up and say I made a mistake," Ms.

Mozer told the Planning Commission in October.

Too many people are waiting for BMR housing, she said, and there aren't enough units in Menlo Park.

Comments

Posted by Billy Babean, a resident of Menlo Park: Park Forest
on Jan 11, 2011 at 10:06 pm

There are no BMR's on the West side.


Posted by Menlo Voter, a resident of Menlo Park: other
on Jan 12, 2011 at 8:30 am

"There are no BMR's on the West side."

Not true. When Menlo Commons was built they were required 4 BMR units.


Don't miss out on the discussion!
Sign up to be notified of new comments on this topic.

Email:


Post a comment

Posting an item on Town Square is simple and requires no registration. Just complete this form and hit "submit" and your topic will appear online. Please be respectful and truthful in your postings so Town Square will continue to be a thoughtful gathering place for sharing community information and opinion. All postings are subject to our TERMS OF USE, and may be deleted if deemed inappropriate by our staff.

We prefer that you use your real name, but you may use any "member" name you wish.

Name: *

Select your neighborhood or school community: * Not sure?

Comment: *

Verification code: *
Enter the verification code exactly as shown, using capital and lowercase letters, in the multi-colored box.

*Required Fields