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and Reporting Plan for the Stoneridge Drive Specific Plan Amendment/Staples Ranch [Attachment 1 B] c. Rescinding the Stoneridge Drive Specific Plan Amendment/Staples Ranch adopted by the City Council on February 24, 2009 and approving and adopting a revised Stoneridge Drive Specific Plan Amendment/ Staples Ranch [Attachment 1 C] 2. Introduce the ordinance rescinding the pre- zoning /rezoning of the Staples Ranch Site (PRZ -44) adopted by the City Council on 3/3/09 and introducing an ordinance concerning the Staples Ranch PUD rezoning /pre- zoning. [Attachment 2]. 3. As a non -CEQA based action, repave with noise attenuating pavement Stoneridge Drive between Santa Rita Road and Kamp Drive when the portion of Stoneridge Drive east of Kamp Drive is similarly repaved. (This would be accomplished with Stoneridge Drive Specific Plan fees and /or roadway improvement funds.) 4. Consider any other non -CEQA based actions as described in the Planning Commission Staff Report dated May 26, 2010 (Attachment 3, at pages 15 and 16 [i.e., planting spearscale seeds on the community park site and /or constructing a new soundwall between Guzman and Trevor Parkways on the south side of Stoneridge Drive]). These items, if authorized by Council, would also be accomplished by use of Stoneridge Drive Specific Plan fees and /or (in the case of the new soundwall) roadway improvement funds. FINANCIAL STATEMENT The City's financial impact depends, in large part, on Council's direction regarding non CEQA based items, namely, the noise attenuating pavement on Stoneridge Drive between Santa Rita Road and Kamp Drive (estimated at $400,000), constructing a soundwall between Guzman and Trevor Parkways (estimated at $300,000), and the cost of planting and attempting to maintain the San Joaquin Spearscale in the Community Park (no current estimate). Additional cost will be incurred if offsite traffic improvements, including the installation of three traffic signals on Stoneridge Drive and the improvements at the Santa Rita /Stoneridge intersection exceed the $1 million paid by the ACSPA and /or the cost to repave Stoneridge Drive between Kamp Drive and Trevor Parkway exceeds $500,000 being provided by the ACSPA. Staff anticipates the cost for all these improvements will be paid from Stoneridge Drive Specific Plan fees collected previously, Traffic Development Fees generated as part of the Staples Ranch project and /or roadway improvement funds. Page 3 of 10