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FINDINGS AND STATEMENT OF OVERRIDING CONSIDERATIONS ENVIRONMENTAL IMPACT REPORT SUPPLEMENT FOR THE STONERIDGE DRIVE SPECIFIC PLAN AMENDMENT /STAPLES RANCH EIR INTRODUCTION The Alameda County Surplus Property Authority (ACSPA or "Project Sponsor has proposed to amend the 1989 Stoneridge Drive Specific Plan to revise land use designations, circulation improvements, and financial obligations for the Staples Ranch site. The City of Pleasanton (the City) is the lead agency under the California Environmental Quality Act (CEQA) and has prepared an environmental impact report (EIR) for ACSPA's proposed project. The EIR analyzed the proposed project and alternatives to the project including a no project alternative, an existing specific plan alternative, an ice center alternative, and an open space alternative. The City certified this EIR on February 24, 2009 and later approved the Ice Center Alternative with a four lane extension of Stoneridge Drive. A lawsuit was filed challenging the City's approval. In response to the lawsuit and to assess a two -lane constrained extension of Stoneridge Drive alternative, the City prepared an EIR Supplement (SEIR). The SEIR contains a revised analysis of the proposed project and also analyzes two additional alternatives: the Four -Lane Concurrent Extension Alternative and the Two -Lane Constrained Extension Alternative. The settlement agreement provides that, after certifying the SEIR, the City may either 1) take no further action on the EIR and project approvals, or 2) reconsider certain CEQA related approvals as well as the project approvals in light of the information presented in the EIR and the SEIR, together with any other information that has been submitted into the administrative record. The City has chosen the latter course. In light of the information presented in the EIR and SEIR and the administrative record, the City Council on May 2010 certified the SEIR, rescinded its CEQA Findings and Statement of Overriding Considerations, and now adopts revised CEQA Findings and a revised Statement of Overriding Considerations. Based thereon, the City Council intends to rescind its other project approvals, adopt revised project approvals, rescind the Mitigation and Monitoring Reporting Plan and then adopt a revised Mitigation and Monitoring Reporting Plan. Section 15091 of the CEQA Guidelines (14 California Code of Regulations [CCR]) and Section 21081 of the Public Resources Code require the lead agency to adopt findings for each potentially significant environmental impact disclosed in an EIR /SEIR. Specifically, for each significant impact, the lead agency must make one or more of the following three findings: 1 EXHIBIT 1 Findings and Statement of Overriding Considerations