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DRAFT year -by -year dollars, Hacienda has already put close to $60 million dollars in maintenance and other types of things that are not available anywhere else in the City, and that agreement is going to be going on for several more years. He reiterated that being able to accommodate the additional residential in Hacienda, plus being able to simultaneously meet all these objectives, is an opportunity that is not available anywhere else in the City. With respect to Commissioner Allen's questions, Mr. Paxson stated that he was not at the table when the ordinances were adopted and added that he would like to believe that if he were there, he would have said this was a really bad idea and should not be done. He indicated that the fact is that everything with regard to a lot of those changes had to do with negotiating with the Councils that were in place at that time and figuring out how to move things forward. He noted that 1993, in particular, was an incredibly difficult period, and the economy was just coming off the last really awful downturn from the S &L debacle which hurt Hacienda considerably. He indicated that at that point, Hacienda had to look creatively at what it was going to do to keep the Park moving forward. He stated that he was not the table then and did not know what the content of the specific points of the discussions were, so he does not have a really good answer. He indicated, however, that anecdotally, given the things that have happened over that time and what people say, he thinks those were fairly good suppositions of what that conversation was like. Martin Inderbitzen, representing California Center, stated that Mr. Dolan did a good job at summarizing the right level of what the issues were about and explaining where California Center fits in that process. He reiterated that they are kind of between a rock and a hard spot, being put in a position where the City asked them if they were willing to entertain residential, and they were certainly willing to entertain and think it was a great opportunity, being the highest ranked site in the whole Housing Element update process, but they would have to trade Hacienda's cap for residential. He continued that they thought the Hacienda owners would not allow it and did not, and they were told that they would not be allowed to go forward. Mr. Inderbitzen stated that California Center needs this change in order to keep its project alive and moving forward. He added that this is a little bit timely because these rezonings took place almost two years ago; they have been going through the process and are anxious to get the construction drawings and bids so they can get under construction next year. He noted that every day that is a delay is a delay in that process because the owner does not want to commit more than the already hundreds of thousands of dollars they have committed to get through the approval process. Mr. Inderbitzen stated that he was not present at the discussions that occurred in 1992 and 1993, but he was very active in the community at that time doing a lot of projects. He suggested that at least one of the issues had to do with what the traffic impacts were relative to residential now appearing in the Business Park. He noted that in this case, that issue has been very well vetted in the Supplemental EIR that came forward with the Housing Element, and it was clear that residential in Hacienda Business Park was not DRAFT EXCERPT: PLANNING COMMISSION MINUTES, 8/28/2013 Page 6 of 11