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PREFERRED PROJECT The City Council is now considering the adoption of the Four -Lane Concurrent Extension Alternative in the SEIR, with one phasing modification, and which in these CEQA Findings is referred to as the "preferred project" as opposed to the "proposed project" referred to in the EIR /SEIR. The SEIR analyzed two additional alternatives than the EIR: the Four -Lane Concurrent Extension Alternative and the Two -Lane Constrained Extension Alternative. The Four Lane Concurrent Extension Alternative differs from the proposed project by including the full extension of Stoneridge Drive to El Charro Road and a four -rink ice center on a portion of the proposed community park. The Two -Lane Constrained Extension Alternative differs from the proposed project by including the full extension of Stoneridge Drive to El Charro Road initially with the Stoneridge Drive bridges striped to one lane in each direction and then to two lanes in each direction after certain regional roadway improvements are made. Description of Preferred Project. The preferred project is a phasing modification of the Four -Lane Concurrent Extension Alternative, which is described in the SEIR. Details of the Four -Lane Concurrent Extension Alternative can be found on pages 55 -56 of the SEIR. The preferred project differs from the Four -Lane Concurrent Alternative by not requiring the Stoneridge Drive bridges to be striped with two lanes in each direction when Stoneridge Drive is initially fully extended, although the preferred project assumes the Stoneridge Drive bridges will be restriped with two lanes in each direction at some point in the future. Thus, both the preferred project and the Four -Lane Concurrent Extension Alternative will both eventually restripe the Stoneridge Drive bridges with two lanes in each direction. Under the preferred project, this date will be determined either when certain regional traffic improvements have been completed or when the City Council in its discretion determines the bridges should be so restriped; under the Four -Lane Concurrent Extension Alternative the two lanes in each direction would occur initially, regardless of the timing and completion of regional traffic improvements. The preferred project would maintain the 1989 Stoneridge Drive Specific Plan policy of requiring the construction of the full two bridge, four lane extension of Stoneridge Drive from Trevor Parkway to El Charro Road Hence, the preferred project is similar to the project approved by the City Council in February 2009. The preferred project differs from the proposed project by including the full four lane extension of Stoneridge Drive to El Charro Road initially with the Stoneridge Drive bridges striped to one lane in each direction and the inclusion of an ice center on a portion of the community park. Benefits of the Preferred Alternative. The preferred project is superior to the Four Lane Concurrent Extension Alternative because it provides flexibility to the City Council to manage its roadways. That is, under the Four -Lane Concurrent Extension Alternative, Stoneridge Drive would be required to be striped initially for two lanes in each direction, regardless of whether regional traffic improvements were completed or 4 Findings and Statement of Overriding Considerations