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3.Project Description E. Statement of Objectives for the EDZ CEQA Guidelines Section 15124(6) requires that the project description in an EIR include"a statement of the objectives sought by the proposed project,"which should include "the underlying purpose of the project."The objectives of the proposed EDZ and associated approvals are to: 1. Provide a consistent framework for the City's review and approval of new uses and projects in the EDZ area, encouraging investment in and adding value to these properties; 2. Maximize the benefits of the location of the EDZ area as an infill site located along transportation corridors and near transit by encouraging the development of both locally and regionally accessible uses in the EDZ area; and 3. Encourage the development of a diverse mix of uses in the City that would promote long- term economic growth by generating substantial new revenues for the City. The Johnson Drive EDZ is the first EDZ proposed by the City and is anticipated to he a model for future economic development zones. F. EDZ Approvals/Intended Uses of SEIR If the EDZ is approved, several actions may be undertaken by the City of Pleasanton: • General Plan Amendment. The General Plan designation of the EDZ area would be amended from "Business Park"to"Retail/Highway/Service Commercial; Business and Professional Offices." • Rezoning. The EDZ area would be rezoned from General Industrial (I-G-40), Planned Unit Development-General and Light Industrial (PUD-GL&I),and Planned Unit Development- Industrial/Commercial-Office(PUD-IIC-O)to Planned Unit Development-Commercial (PUD-C). This rezoning would include the approval of a list of permitted and conditionally permitted uses(Appendix B)for the EDZ. • Development Agreement. If requested by an EDZ area property owner, a Development Agreement could be executed between the City and property owners. • Lot Line Adjustment. If the City determines they are required, one or more lot line adjustments may be processed. For example, a lot line adjustment may be processed to combine Parcel 9 and Parcel 10. In addition,the following incentives for development within the EDZ may be established: • Fees and fee credits for specified uses; and • Tax rebate/incentive program. Other Governmental Agency Approvals Additional subsequent approvals and permits that may be required for future development within the EDZ area from local, regional, state and federal agencies include, but are not limited to,the following: Johnson Drive Economic Development Zone 3-12 ESA/140421 Draft Supplemental EIR September 2015