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assuming that the City of Pleasanton eventually adopted a specific plan, Alameda <br />County would negotiate a good faith ag~-ment for tax sharing preliminary to <br />annexation of the property to the City of Pleasanton. <br /> <br />San Francisco revised its application with the County to reflect the Cooperative Plan <br />agreement, and Alameda County processed and took action on the project in August of 1996, <br />adopting the revised Specific Plan (or Cooperative Plan), including certification of the Final <br />EIR, and approval of a development agreement and Provisions of Reclassification (ND zoning <br />conditions). <br /> <br />At the same time, SFWD fried an application for approval of a specific plan, following the <br />Cooperative Plan tenets, with the City of Pleasanton. <br /> <br />Pl~asanton*s Preferred Plan <br /> <br />Pleasanton began its project review by holding a series of public workshops. In order to <br />better explore the opportunities presented by development of this last large area of the city, <br />Pleasanton commissioned preparation of a series of alternatives that were to retain the land <br />uses and development plan contained in the Cooperative Plan, while incorporating "neo- <br />traditional" land use themes and accommodating other City-desired changes. These <br />alternatives were further refined through a series of workshops, culminating in a single <br />"Preferred Plan. ~ A revised and updated EIR reflecting the "Preferred Plan' was completed <br />and circulated for review. This EIR was certified in February 2000. The "Preferred Plan' <br />was reviewed by City reviewing bodies in a series of public hearings. As a result of these <br />hearings, the "Preferred Plan" was set aside in November 1999 in order to allow a City <br />initiative to purchase the majority of the site. <br /> <br />Measure I Plan <br /> <br />Pleasanton sought to acquire about 427 acres of the San Francisco Water Department property <br />by (1) entitliag 72 acres for residential and commercial/office development which San <br />Fraricisco Water Department would sell (for at least $50 million), and (2) selling general <br />obligatioa bonds to raise $50 million to cover the, balance of San Francisco Water <br />Deparu~ent's sales price of about $100 million. This plan specified the intensities of the <br />entitled lands as well as the infrastructure required to support it. These were spelled out in the <br />"Terms of Agreement' which was to govern the various land sales transactions. <br /> <br />Pleasantoa established the San Francisco Bernal Property Task Force to review potential uses <br />for the 427 acres to be acquired by the City. The Task Force completed a "Final <br /> <br />1-9 <br /> <br /> <br />