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refinements will return to the City Council and Task Force for review and <br /> consideration prior to commencing any formal PUD process. In developing <br /> options for consideration, the City is especially interested in evaluating the <br /> properties optimal holding capacity with a goal of maintaining or enhancing <br /> quality of life factors, including scenic and environmental surroundings (e.g. <br /> living space, open space, service levels, etc). <br /> • The desire to maintain an inviting open space atmosphere shall be addressed <br /> with the preliminary plans. <br /> • The parities agree to create, in cooperation with the neighborhood, a range of <br /> site use parameters for the Pleasanton Gardens property which achieve the <br /> mutual objectives of all parties. <br /> • The parties agree to execute a future MOU that accomplishes these <br /> objectives as well as the terms and conditions of how the Pleasanton <br /> Gardens property could be transferred (e.g. dedicated) to the City in the future. <br /> The aforementioned principles represents due diligence on the part <br /> of all parties. Assuming all issues are addressed to the satisfaction of the <br /> parties through the normal public review process, the MOU would return to <br /> the City Council upon selection of the preferred preliminary plans and <br /> financing options. <br /> • Nothing herein shall prevent the parties from terminating and/or modifying <br /> these principles or each party's involvement in the development process. <br /> Page 2 of 2 <br />