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CONCLUSION <br />Staff supports the proposal for several reasons. First, Hacienda is designated for and <br />uniquely equipped to accommodate a mix of both residential and office development to <br />the nature of the current development in the Park and its proximity to transit. Second, <br />adding the residential development to the Park but reducing the amount of allowed <br />office space in the Park damages the competitiveness of Hacienda in the Bay Area <br />market by limiting its potential growth and evolution. Third, the Housing Element EIR <br />evaluated the impacts of both the residential development and the office space square <br />footage in the park and found that there is more than adequate infrastructure and <br />circulation capacity to accommodate this proposal. Fourth, all of the existing <br />development standards and review processes for new development would remain in <br />place ensuring that all future development meets community policies, guidelines, and <br />standards. Finally, it should also be noted that if the California Center property is not <br />expressly excluded from the overall Hacienda cap, the internal Hacienda Business Park <br />Owners Association approval of the California Center project will be void, and that <br />project will not go forward. <br />Submitted by: Fiscal Review: Approved Fur <br />an Dolan, Director of Emily agner Nelson Fialho <br />Community Development Director of Finance City Manager <br />Attachments: <br />1. Draft City Council Ordinance with Exhibit A, Recommended Conditions of <br />Approval <br />2. Map of Sites <br />3. Hacienda's Remaining Development Square Footage <br />4. Rezoned Residential Sites <br />5. Ordinance No. 1596 <br />6. Public Noticing Map <br />7. Comment from Hacienda Owners Association <br />8. Draft Excerpt from the August 28, 2013 Planning Commission Meeting Minutes <br />Page 7 of 7 <br />