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A RESOLUTION OF THE PLANNING COMMISSION OF THE CITY OF PLEASANTON RECOMMENDING A WAIVER FROM THE REQUIREMENTS OF RESOLUTION NO. 73 -34 FOR COAST FEDERAL SAVINGS WHEREAS, Coast Federal Savings has requested that the City Council modify their policy requiring that financial institutions first have a branch in the downtown area before locating in any outlying commercial district because they have tried to sell one of their branches to at least one financial institution who has an office in the downtown but were not able to consumate the sale; and WHEREAS, Coast Federal Savings now have an interest in the branch office from a bank or savings and loan which does not have an office in the downtown area; and WHEREAS, Coast Federal Savings is requesting a Waiver to City Council Resolution No. 73 -34. NOW, THEREFORE, THE PLANNING COMMISSION OF THE CITY OF PLEASANTON RESOLVES THE FOLLOWING: Section 1. Recommends a Waiver of City Council Resolution No. 73 -34 for Coast Federal Savings to enable them to sell their branch at the Alpha Beta Shopping Center to a financial institution which does not have a branch in the downtown area. Section 2. This resolution shall become effective immediately upon its passage and adoption. PASSED AND ADOPTED BY THE PLANNING COMMISSION OF THE CITY OF PLEASANTON ON THE 13TH DAY OF JULY 1983 BY THE FOLLOWING VOTE: AYES: NOES: ABSENT: ABSTAIN: DATE: Commissioners Doherty, Wilson and Commissioners Arrigoni and Getty None Commissioner Lindsey stepped down July 13, 1983 ATTEST: Robert J. Harris, Secretary APPROVED AS TO FORM: Brian W. Swift, Assistant City Attorney PLANNING COMMISSION CITY OF PLEASANTON COUNTY OF ALAMEDA STATE OF CALIFORNIA RESOLUTION NO. 2332 it Chairman Jamieson from this proposal. lam A. Ja on, Chairman