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3. Introduce the draft ordinance approving Cases PUD-104-1M and PUD-81-22-15M, subject to the Conditions of Approval, Exhibit A (Attachment 1). FINANCIAL STATEMENT The applicant 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 original project with a 430,000-square-foot office building determined, using conservative revenue and expenditure assumptions, that the net fiscal balance to the City would be positive (approximately $172,000 annually). The modified project with a 410,000-square-foot office building would result in a similar fiscal benefit to the City. Additionally, the applicants would construct a police service center in the BART garage for use by the City and BART police at no cost to the City. BACKGROUND In 2014, Workday received City approval for a new 430,000-square-foot office building, two new parking structures, and a number of other public and private improvements. All aspects of the approval were locked-in' for 10 years by a Development Agreement. After re-evaluating its needs in 2015/16, Workday submitted a request to modify the approved PUD to include a redesigned (slightly smaller) 410,000-square-foot office building, only one parking structure, and additional site/project improvements and amenities. SITE DESCRIPTION The Workday project is primarily 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). Workday would also install some improvements on the adjacent 1.2-acre BART parking garage site (e.g., the joint City/BART police service center and pedestrian/bicycle promenade). Page 2 of 9