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• The supplemental report focuses specifically on the differences between the proposed Zone as described in the Supplemental Environmental Impact Report (SEIR) for the Zone, and a theoretical but possible project (the Initiative Project) that would be implemented consistent with the initiative. The Zone proposed by the City and evaluated in the SEIR would involve a build out of the Johnson Drive area with up to 535,490 total square feet of building space, with 148,000 square feet of this area anticipated to comprise club retail uses, such as a Costco. The possible Initiative Project described in the supplemental report and compared to the Zone proposed by the City would have the same size and scope of development as the proposed Zone, but retail footprints would be limited to less than 50,000 square feet within the Johnson Drive area. Effectively, this would prohibit the establishment of large-format retail stores, such as a club retail use (e.g., Costco) or big box retail stores (e.g., Target or Best Buy) within the Johnson Drive area. While the two potential economic development zone projects would involve the same total square footage of building space, by replacing club retail with general retail uses and restricting individual retail use footprints to less than 50,000 square feet, the impacts of the Initiative Project would be different from those of the Zone in a number of ways. Among these differences: o Traffic Impacts. Although the Initiative Project would generate fewer vehicle trips to the Johnson Drive area, it would result in the same significant and unavoidable near-term and long-term transportation impacts that would result from the proposed Zone. In addition, funding of traffic improvements would likely be more difficult due to the smaller-footprint retail composition of the Initiative Project, in turn diminishing the feasibility of the Initiative Project. o Air Quality Impacts. Air emissions from operation of the Initiative Project would be lower than for the Zone. However, it is likely that operational emissions from the Initiative Project would, like the Zone, exceed Bay Area Air Quality Management District thresholds of significance. • Noise Impacts. Noise impacts resulting from construction and operation of the Initiative Project would be similar to that of the Zone. • Economic Impact. The Initiative Project would capture more market demand locally compared to the Zone (which would draw more market demand from the overall region). Thus the Initiative Project would result in substantially more impacts on existing retailers in Pleasanton and nearby, with the potential to cause more retailers to experience sales declines, possibly to the extent of resulting in store closures. The Initiative Project would divert $5.7 million of sales from local businesses per year at buildout in 2028, compared to $1.3 million of sales impacts per year at buildout under the Zone. Page 3 of 4