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Conditions of Approval, Exhibit "A" (Attachment 1); and 7. Introduce a draft ordinance approving Case PUD- 96- 13 -02M, a PUD Major Modification to the PUD governing the Pleasanton Square II development to accommodate the proposed development subject to the Condition of Approval, Exhibit "A "(Attachment 2). FINANCIAL STATEMENT Increases in property and sales taxes generated by the project would be used to provide services, such as police, fire, etc., for the increased demand generated by the use. The applicant would have to 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. Based on generic property and sales tax revenue data for similar uses provided by the Finance Department, the proposed development would be expected to generate approximately $33,000 in annual sales tax allocations to the City and approximately $3,250 in annual property tax. BACKGROUND The project site is located within and to the immediate east of the Pleasanton Park Business Park (the business park includes commercial sites, anchor tenants such as Home Depot, BevMo!, and Smart & Final, and smaller tenants such as In -N -Out Burger). In July 2013, Delta Properties, owners of Pleasanton Square Shopping Center, purchased an approximately 0.59 -acre piece of surplus land from the California Department of Transportation (CalTrans). The vacant parcel is located between the 1- 580 Hopyard Road eastbound (EB) off -ramp and the Business Park. This vacant site has a Pleasanton General Plan Land Use Designation of Open Space — Public Health and Safety but does not have a zoning designation. Deborah Kerr, on behalf of Chick- fil -A, filed applications for the construction of a restaurant with double drive - through lanes and related on -site and off -site improvements. The proposed development would occur on the vacant parcel, a portion of the existing lot located to the immediate south, known as 6111 Johnson Court, and a portion of the existing Pleasanton Square II Shopping Center. The Planning Commission reviewed and recommended approval of the proposed project at its meeting on October 22, 2014. The proposal is now before the Council for final action. SITE DESCRIPTION The project site is located on Johnson Court off Owens Drive. The site borders the 1- 580 EB Hopyard Road off-ramp on the north, Hopyard Road on the east, Owens Drive on the south, and Pleasanton Square II Shopping Center and Johnson Court on the west. Figure 1 on the following page shows the project site. Page 2 of 10