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3. Make the PUD findings for the proposed development plan as stated in the April 23, 2014, Planning Commission staff report (pages 21-24 in Attachment 8); 4. Introduce the draft ordinance approving Case P14-0590, the Development Agreement for the project(Attachment 3); and 5. Introduce the draft ordinance approving Cases PUD-104 and PUD-81-22-14M (PUD rezoning, major modification, and development plan), subject to the Conditions of Approval, Exhibit"A" (Attachment 1). FINANCIAL STATEMENT The applicants would be responsible to pay the costs of any required utility or infrastructure improvements for the project. The project would incrementally increase the demand for City services and would add property and sales tax revenue. A fiscal impact analysis report prepared for the project (Attachment 4) determined, using conservative revenue and expenditure assumptions, that the net fiscal balance to the City would be positive (approximately $172,000 annually). Additionally, the applicants would construct a police substation in the BART garage for use by the Pleasanton Police Department and BART Police. Funding for this is provided through the Development Agreement. BACKGROUND Workday, Inc. is a cloud-based software company that currently occupies space at 6230 Stoneridge Mall Road in the Pleasanton Corporate Commons office complex and 6130 Stoneridge Mall Road in the adjacent Stoneridge Corporate Plaza office complex. Stoneridge Corporate Plaza was purchased in 2012 by NPC holdings, LLC which is owned by Workday's co-founder, Dave Duffield. Workday has recently signed a long- term lease with BART to develop BART's 6.9-acre portion of land next to the West Dublin/Pleasanton BART station and parking garage. Workday intends to construct an office building, parking garage, and other related site improvements on the BART property and construct a parking garage and other related site improvements at Stoneridge Corporate Plaza. This project was reviewed by the Planning Commission at a workshop held on February 12, 2014, and at a regular meeting held on March 23, 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 proposed project is located on two sites: the approximately 25.4-acre Stoneridge Corporate Plaza property located at 6120-6160 Stoneridge Mall Road and the approximately 6.9-acre BART property located at 6110 Stoneridge Mall Road (see Figure 1 on the following page). Stoneridge Corporate Plaza was developed between 1985 and 1998 and currently contains five multi-story office buildings totaling approximately 567,573 square feet.. The adjacent 6.9-acre BART property is located adjacent to the BART parking garage and electrical substation. The BART property was originally part of the Stoneridge Page 2 of 10