RES 01063 - Laserfiche WebLink

I'H.~ CITY OF 2001 Hacienda Business Park Property Owners and ManMers: After almost twenty years, Hacienda Business Park will soon have projects constructed on all of its lots. While this "compledon" of Hacienda is neerin~, however, interest in expanding development within Hacienda has increased. The Chy of Piston and thc Hacieada Owners Asso~iation'would like to be sure that you m fiflly informed aborn the Park's development provisions and the impact these may have on your property. Whan it was first conceived, Hacianda's developen and the City of Pleesanton created a ma~er development program for the Park through the City'S Planned Unit Development process: Development ~reements; a development plan with express conditions of approval; covenants, conditions, and restrictions; and design guidelines were approved to govern each lot's development and that of'the Park as a whole. These interrelating documents charted the course for park improvements, described Hacienda's cl~racter, dictated the type and scope of development that may occur by lot, and also determined the park's ultimate size. This last characteristic was defined by a development cap. The development cap was never equivalent to the sum of the maximum potential development allowed on each individual lot. The Design Guidelines were intended to allow some tots to develop more intensively than others, with broad ranges. The development cap, however, fixed the total allowable development for Hacienda overall. This methodology permitted flexibility of project sponsors to meet the needs of the marketplace while maintaining a total project size consistent with environmental constraints, most notably u'affic constraints. Thus, while any lot could be developed up to its maximum allowed density,, other lots would have to be developed below their maximum allowable density in order to stay within the total development cap. The City and Hacienda's principal developers have taken care over ~imc to c;~urc that rca~on---bl¢ dcvclopm--nl op;ions would rc,"r,--.ia f~r each lot iix the Park. With built and planned projects, the Park will be close to the total development cap. Hacienda's development cap has changed several times during the Park's history. It now has two sections: lots owned by Prudential and undeveloped in 1994 were capped at 4,631,059 square feet; lots which had been built by then or sold were left with the balance oftha 9.889 miltion-squ~tre-foot cap. The post-1994 Prudential lots have been either built or planned to fully utilize the 4,631,059-square-foot mb-cap. These lots are not permitted to seek any of the rest of the development cap. P. O. Bm S20, PleasantQn~, ~ 94566-0802 (925) 48~.e025 (925) 484-0015 Fax: 484-8385 Fax: ,184-0256 Ut#fly Billins (925) 484-80:38 Fax: 484-8291 200 Old Bernai Avenue (925) ~37 Fax: 484.8291