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4. Introduce the draft ordinance approving Case PUD-88, subject to the conditions of approval (Attachment 1, Exhibit A). FINANCIAL STATEMENT The project is an infill subdivision involving minor on-site improvements to be paid for by the property owner and the Happy Valley Specific Plan fees. The creation of the new lots and the establishment of the new structures will generate property taxes and revenue to be used to provide services, such as police, fire, etc. BACKGROUND The City of Pleasanton adopted a Specific Plan for Happy Valley in 1998. The Specific Plan covers an 860-acre area, which includes this 10.14-acre parcel (Lot 75) owned by Mr. and Mrs. Balch. The Specific Plan was adopted in conjunction with a pre-zoning of the 860-acre area to allow for the development of a municipal golf course, residential housing, open space, and agricultural uses. The creation of the Specific Plan pre-zoned this parcel as PUD-Serni-Rural Density Residential and PUD-Agricultural/Open Space. This zoning allows for single-family detached housing as a permitted use and maximum density of one house per two acres on the portion of the parcel within the PUD-SRDR area. The annexation request for this parcel was reviewed by the Pleasanton City Council in October 2012 and the Council adopted a resolution initiating the annexation process and agreeing to the exchange of property tax revenue with the County 'for the proposed annexation. An Alameda County Local Agency Formation Commission (LAFCo) hearing is anticipated to occur in January 2013. Additional information regarding the annexation process is provided in the Annexation of Unincorporated Parcels section of the attached Planning Commission staff report. SITE DESCRIPTION 4 � _ yr. The parcel is located south of Minnie Road =' Jo.(Private), with frontage on Alisal Road, and i Cih of P santonr . the northerly property line is the boundary of ,� • the current City limits, as shown in Figure 1.1. \ The site is surrounded by low density, single- ' \' ' r ". family residential developments and ,_ agricultural uses. The City limit line is \ I indicated in the burgundy colored dashed line , 111 and the Urban Growth Boundary (UGB) line is . indicated by the solid blue line. The double \ yellow lines indicate the boundary of the ��i ' ''' Alquist-Priolo Earthquake Fault Special Study Zone (SSZ) associated with the Verona Fault. The UGB and SSZ are discussed in detail in Figure 1.1 City Limits, UGB, SSZ, View Lines the Analysis section of the Planning Commission staff report. Photos of the subject site are provided on the following page. Page 2 of 6