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4. Introduce the draft ordinance.approving Case PUD-98, PUD Development Plan, subject to the Conditions of Approval, Exhibit "A-1" (Attachment 1); and 5. Adopt a resolution approving Case P13-2518, Sign Design Review, subject to the Conditions of Approval, Exhibit"A-2" (Attachment 2); FINANCIAL STATEMENT The project is expected to generate an excess of tax revenues over its impact on the cost, of public services. These excess property and sales tax revenues would be used to provide services, such as police, fire, etc. The applicant would have to also pay development impact fees (e.g., public facilities fee, traffic fees, water/sewer connection fees, etc.) that are used to pay for the cost of new City facilities and infrastructure necessitated by development. BACKGROUND CarMax Auto Superstores has submitted for Planned Unit Development (PUD) and Sign Design Review applications for the development of an automobile dealership on approximately 19.66 acres of the 37-acre Auto Mall site at Staples Ranch. The Stoneridge Drive Specific Plan Amendment/Staples Ranch (Specific Plan) was adopted by City Council on August 24, 2010, and is applicable to the subject site The Specific Plan contains design standards for properties subject to the Specific Plan, and includes the Mitigation Monitoring and Reporting Program. This project was reviewed by the Planning Commission at a workshop held on February 12, 2014, and at a regular meeting held on April 9, 2014. For a detailed description of the discussion at these meetings, please see the attached Planning Commission staff reports and minutes. The project is now before the Council for final decision. SITE DESCRIPTION The approximately 37-acre Auto Mall site is located north of Stoneridge Drive and the Neighborhood Park, south of Interstate-580, east of the Continuing Life Communities (CLC) site, and west of El Charro Road. Of the 37 acres, the applicant proposes to develop approximately 19.66 acres located adjacent to the Continuing Life Communities site Figure 1 provides a vicinity map of the area. Page 2 of 11