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ENVIRONMENTAL IMPACT REPORT California Environmental Quality Act (CEQA) review for the proposed project is addressed with the preparation of a Final EIR. The Final EIR, comprising the Revised Draft EIR and Response to Comments, is an information document only; it does not provide an opinion on whether the project should be approved or rejected. Its purpose is to meet CEQA requirements by disclosing the environmental impacts of the project such that the City Council can make an informed decision about the project. The analysis in the Final EIR indicates that the project would not result in any significant unavoidable environmental impacts, meaning that all impacts would be reduced to a less-than-significant level with implementation of the mitigation measures in the Final EIR. Significant but mitigable impacts would occur related to biological resources, geology and soils/water quality, traffic and circulation, noise, air quality, cultural resources, and hazardous materials. The impacts identified are typical of those for a small- to medium-sized residential project on a greenfield site. Identified impacts are described in the Planning Commission staff report and the Final ER. The CEQA Findings required to be made prior to project approval and the Mitigation Monitoring and Reporting Program (MMRP), which is intended to ensure implementation of the Mitigation Measures in the Revised Draft EIR, are included as Attachment 2. OTHER PROJECT APPROVALS Approval of a Development Agreement, a Growth Management Agreement, and an Affordable Housing Agreement are also required for this project. A brief description of these three agreements is provided below. Development Agreement City staff and the applicant have negotiated a proposed Development Agreement between the parties. Major substantive provisions of the Agreement are as follows: The applicant would receive the right to develop the project as approved for up to ten years and will be subject to the fees in effect at the time of approval. The City would receive the ability to use required parkland fees in locations that may be outside the immediate area of the project and would also receive assurance that if the project is challenged successfully in court or by a referendum, the Development Agreement is null and void. The agreement also summarizes the proposed Growth Management allocation, the dedication of approximately 161 acres that is part of the PUD for open space, and the terms of the Affordable Housing Agreement. Growth Management Allocation The project would require a Growth Management allocation of 50 units in the July 2015-July 2016 allocation year. A total of 21 units of the 235 units for this year have been allocated. Page 7 of 26