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Concern that residential development on the rezoned sites will move forward prior to the completion of the comprehensive PUD Major Modification. The PUD Major Modification planning process will result in an updated vision for Hacienda including revised design guidelines for individual parcels and the park as a whole. It is anticipated that approval of a development plan for any of the three sites will wait until the completion of the PUD major modification process. Concern regarding declining property values and belief that adding more homes will make this worse. Recent drops in home values (and the previous run up in home prices) have largely been the result of sub -prime lending practices rather than a surplus of new homes. This is particularly true in Pleasanton which has seen only slow to moderate housing growth in the last five years. The result has been a sharp decrease in building permits issued for new homes in the last two years. In these circumstances it is unclear when the property owners may wish to move forward with development of these sites. A belief that new multifamily housing should be dispersed throughout the City and not concentrated in the Hacienda area. As noted in the Background section of this agenda report, Pleasanton's share of the regional housing need for 2007 through 2014 is 3,277 units, approximately 1,800 of which are to be affordable to very low- and low income households. This will require the rezoning of additional parcels totaling approximately 60 acres to accommodate multifamily residential development at 30 or more units per acre. Although there may be consideration of some additional sites within the Business Park, a large proportion of this need will be accommodated outside of Hacienda and will be dispersed citywide. A concern that additional multifamily housing will increase crime and vandalism in the area. An important piece of the Planned Unit Development Modification work will be to prepare design guidelines that will result in higher density development with amenities that create a sense of place in Hacienda. Carefully designed developments with well utilized public spaces, which encourage informal "eyes on the street" will be far less likely to experience crime and vandalism. Furthermore, the Pleasanton Police Department which has had training in Crime Prevention through Environmental Design will be involved in the review of development proposals with the objective of creating a safe living environment. Page 10 of 12