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Johnson Drive Economic Development Zone <br /> Staff is proposing to implement the Economic Development Zone concept with a pilot <br /> zone on Johnson Drive between Stoneridge Drive and the Valley Bible Church, <br /> excluding the City's Park and Ride lot at the corner of Stoneridge and Johnson Drives. <br /> This area is approximately 35+1- acres along Johnson Drive and visible from 1-680, with <br /> most of the properties zoned 1-G-40 or PUD — G &LI allowing for predominantly <br /> industrial uses, except for the property at 7116 Johnson Drive (Patioworld) which is <br /> zoned PUD — I/C-O and allows some additional commercial and office uses. The map in <br /> Attachment 1 shows the properties recommended to be included in this economic <br /> development zone and the corresponding current zoning designations. <br /> Staff is recommending the following tools be applied within the Johnson Drive Economic <br /> Development Zone: <br /> o Amend zone's General Plan designation from Business Park to Retail, Highway <br /> and Service Commercial, Business and Professional Offices <br /> o Rezone all properties within the zone to PUD-C with the attached draft list of <br /> permitted and conditional uses (Attachment 2) <br /> o Create site development standards and design guidelines <br /> o Prepare a Supplemental EIR to the General Plan EIR — primary issues would <br /> include traffic, air quality and visual impacts <br /> o Specify fees and fee credits for prospective office, retail and industrial uses <br /> o Specify off-site improvements for prospective office, retail and industrial uses <br /> o Execute a Development Agreement with identified property owner(s) <br /> o Participate in a sales tax rebate program for high sales tax producing uses (a <br /> program will be considered and approved by the City Council at a future time) <br /> If the City Council approves the initiation of the Johnson Drive Economic Development <br /> Zone, the establishment of this pilot economic development zone will be incorporated <br /> into a work plan, acknowledging the use of staff and financial resources and authorizing <br /> staff to begin the environmental review process. As well, staff will engage with property <br /> owners in this economic development zone and develop a program for shared <br /> participation in environmental, traffic and development related mitigations. <br /> The City recognizes the critical role that economic development efforts play in <br /> supporting the economic health of our community. Staff believes the establishment of <br /> the Economic Development Zone Program will be an additional, and valuable, tool in <br /> stimulating economic activity in pivotal areas within the Pleasanton community.Z S itted by: Fiscal Review: Approve by: <br /> i / <br /> mela Ott Emily Wagner Nelson Fialho <br /> D ector of Economic Director of Finance City Manager <br /> Development <br /> Page 3 of 4 <br />