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City Attorney Sodergren announced that the proposed deadlines for the direct arguments are August 18th, and rebuttals are due August 25th. MOTION: It was m/s by Olsen/Pentin to adopt August 18, 2016, as the deadline for direct arguments and August 25. 2016, for the rebuttal. Motion passed by the following vote: Ayes: Councilmembers Brown. Narum, Olson. Pentin Noes: None Absent: None Recused: Mayor Thorne Councilmember Olson commented on the need for an Economic Development Zone. City Attorney Sodergren noted there are two options for Council including recycling the work that has been done, adding the 50.000 square foot limitation in place of the large scale/club retail identified in the EDZ and the EIR, or disband the entire EDZ effort and revert back to what the zoning is today. MOTION: It was m/s by Pentin/Narum to direct staff to place other options on pause, until after the election. Motion passed by the following vote: Ayes: Councilmembers Brown, Narum, Olson, Pentin Noes: None Absent: None Recused: Mayor Thorne City Attorney Sodergren addressed Attachment 3 and Attachment 6 and stated that staff will conform those two resolutions to the motions as stated above. MOTION: It was m/s by Pentin/Olson to waive full reading and adopt Resolution No. 16-880 ordering the submission to the qualified electors of the City of Pleasanton a measure relating the "an ordinance proposing to amend the City of Pleasanton General Plan to prohibit retail uses of 50.000 square feet or greater in the Johnson Drive Economic Development Zone" at the Consolidated General Municipal Election to be held on Tuesday, November 8, 2016; and Resolution No. 16-881 setting priorities for filing written arguments regarding an initiative measure and directing the City Attorney to prepare an impartial analysis. Motion passed by the following vote: Ayes: Councilmembers Brown, Narum, Olson, Pentin Noes: None Absent: None Recused: Mayor Thorne Councilmember Brown reported she likes Costco, but noted there are a lot of details and facts that an informed voter must review. She stated she trusts Pleasanton voters to make the best decision for the City. Mayor Thorne returned to the Chambers and took his place on the dais and reported that the stock that he owns is a managed retirement account. He stated that he plans to sell his stock and direct his accountant not to buy anymore Costco stock. He asked whether he can join this discussion at that point. City Attorney Sodergren suggested that he write to the FPPC requesting their advice. City Council Minutes Page 10 of 14 July 19, 2016