Does allowing higher density in the El Camino corridor passively increase the property values?
Housing is currently a conditional use. The wording is rather vague but it says residential use is allowed in any residential zones so D&B believes that the zoning already allows 30 units an acre on El Camino. It is not a question of changing the density, its just trying to clarify and confirm what is already in the code. Ms. Gould did not know if that would change the property value; she could only state that the use is already allowed with a use permit. The memo states that between the years of 2007 and 2014 the City of Belmont Housing Element must document the planning and future development of 399 new housing units or approximately 49.7 new units per year. Further in the report, ABAG projects 800 new households between 2008 and 2015 8 years or 114 units each year to house new residents. Why wouldnt this ABAG number be 100 instead of 114 since 800 divided by 8 is 100? The bottom-line target is for 399 identified available sites. The ABAG projection of 800 units between 2008 and 2015
