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addressed in the Initial Study. He stated that the Initial Study can be used as the Environmental Review for acquiring agency permits. Chair Blank then asked how the applicants would know how large of a bond they would need to get to not only secure the permits from the three agencies but also to cover any mitigation that the agencies might require. Mr. Pavan indicated that the rRecommendation requires that three estimates be provided, at which point sthe Staff would choose the estimate they deemed most appropriate. Chair Blank asked if where the three estimates would be providedcome from. Mr. Pavan replied that the estimates would be provided by the applicant’s consultants. Mr. Pavan said yes. Chair Blank then requested that Mr. Pavan explain the pro’s and con’s of doing an eEasement on the property versus a dDeed rRestriction. Chair Blank explained that while eEasements do show up in title reports, he believed that dDeed rRestrictions are more noticeable to people when they are considering purchasing a property. He stated that this is one of the reasons the Commission has insisted in the past that dDeed rRestrictions regarding things like the presence of noise or train tracks or airports be written into the dDeed as restrictions. Chair Blank concluded by asking if there are pro’s and con’s of eEasements versus dDeed rRestrictions that he was not aware of. Mr. Pavan noted that the Sstaff has had numerous experiences in administering Hillside projects and wanted to be absolutely certain that the question of oOpen sSpace and the potential restrictions thereof jump out at the buyer. He stated that it is the sStaff’s belief that since an eEasement will show up on the maps that will be attached to the deed and the title reports, they are a better option than dDeed rRestrictions. He further explained that eEasements deal specifically with what can be done to the property, as opposed to dDeed rRestrictions which are primarily used to address disclosures, such as being next to train tracks or a rock quarry, or that there are flyovers by aircraft. He indicated that staff believes that an eEasement will be more transparent to the potential buyer and would allow them to make an informed decision. Chair Blank assured Mr. Pavan that they share the same goal of informing the potential buyer in the best possible way but expressed his belief that dDeed rRestrictions would be a better choice because they will show up on both the tTitle rReport and the dDeed. Chair Blank also expressed his concern that the language of eEasements is sometimes complicated and not as easy for the potential buyer to truly understand their meaning. He then expressed his interest in knowing what the City’s perspective on the issue is. PLANNING COMMISSION MINUTES, August 13, 2008 Page 10 of 26