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shall be obtained from CalTrans for the ramp widening before the issuance of the first Phase II (office section) building permit. • Bernal Avenue/Valley Avenue Intersection: Widen the westbound /southbound left -turn lane from one lane to two lanes and shall modify the "pork chop" island on the west side of this intersection for a pedestrian crosswalk. (As conditioned, construction of the double left -turn lane shall not remove of any existing Heritage -size sycamore trees in the Bernal Avenue median island.) 3. With construction of Phase I and Phase II, the applicant will pay the City's Traffic Impact Fee towards new signals at the intersections of Valley Avenue /Koll Center Parkway (South), Bernal Avenue /Main Street, Valley Avenue/ Paseo Santa Cruz (South), Valley Avenue /Paseo Santa Cruz (North), and the Valley Avenue /Santa Rita Road. The applicant shall be credited for all previous payment of impact fees. 4. If after Phase 1 and Phase II is occupied and in operation, studies identify significant cut - through traffic through the adjoining residential neighborhood, the applicant will work with the City of Pleasanton to develop a neighborhood traffic calming program to identify locations where traffic calming devices consistent with those outlined in the City of Pleasanton Neighborhood Traffic Calming Program will be appropriate. The maximum outlay for the applicant is "capped" at $50,000. Parking The project provides a total of 2,425 parking spaces including 612 parking spaces for Phase I, the commercial /retail area, and 1,813 parking spaces for Phase II. Based on the proposed uses, the Pleasanton Municipal Code will require a total of 2,587 parking spaces including 624 parking spaces for Phase 1 and 1,963 parking spaces for Phase 11. As shown, the primary parking shortfall for the Pleasanton Gateway development is 150 parking spaces in the office section. Staff, however, is satisfied that adequate parking is provided with the proposed project to accommodate the proposed uses. Fehr and Peers analyzed the parking demand for the Pleasanton Gateway development. Based on their analysis: • The peak weekday demand will be 2,119 parking spaces for Phase 1 and Phase II, 448 parking spaces for Phase 1, and 1,671 parking spaces for Phase II. • The peak weekend parking demand will be 763 parking spaces for Phase 1 and Phase 11, 596 parking spaces for Phase I, and 167 parking spaces for Phase II. • The proposal is over - parked by 10 percent to 15 percent or by a total of 243 to 364 parkinq spaces. Staff additionally believes that the Phase 11 TSM programs will ensure adequate Phase 11 parking with its goal of a 15 percent trip reduction at five years and then a 25 percent trip reduction for Phase 11. The applicant concurs with this requirement. Pleasanton Gateway Page 25 of 35 August 25, 2010