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In summary, Ms. Steinle stated that CarMax is a Fortune 500 company; they are very financially stable and never closed a store. She noted that the project investment is $42 million, and they can react to market demand based on what kind of inventory the area purchases the most. She added that there is the potential to bring up to 200 jobs in Pleasanton, and they have an active involvement in the community with their corporate foundation. Andrew Bell and Brian Maslyk signed speaker cards but did not speak. They indicated that they were present to answer questions. Troy Bourne, Manager Partner of Stoneridge Creek, the Continuing Life Retirement Community adjacent to the proposed project, acknowledged that, while they wanted to have something like a Whole Foods store with 10 to 20 acres of open space around it, an auto usage adjacent to their property was also approved when their project was approved, and what CarMax is proposing is consistent with their expectations for what was supposed to be there. He stated that Mr. Henderson, CarMax, and the landowner have been very flexible and reasonable with CLC as they tried to approach how best they can get these uses to work well together, which may appear to some to not seem particularly compatible on either side of that boundary. He indicated that in an effort to make this work a little bit better between the two property uses, the property owners agreed to sell a portion of the property right next to CLC for some resident storage and other uses, and CarMax proposed some one- and two -story buildings there to help block the views from their use. He stated that their priority has been to block the views between their use and CarMax. He reiterated that they have been very helpful in terms of working together, and where they cannot make the views invisible, they are relying that they will make it attractive. Chair Olson asked Mr. Henderson how they source automobiles. Mr. Henderson replied that they make an offer on any vehicle that somebody brings to them; or and they make a written offer that is good for five days, which the seller can take to the Honda dealership and tell them what CarMax is giving them. Chair Olson stated that he ran some quick numbers, and 450,000 cars a year by the number of sites comes up with 3,000 to 4,000 cars sold per year per site. Mr. Henderson stated that they also source cars from local auctions. He noted that their annual report shows that they sell an average of about 300 to 400 cars a month across each one of their stores. THE PUBLIC HEARING WAS CLOSED. Commissioner Pearce referenced the landscaping around the service building and stated that she does not understand what the staff report states that "Landscaping in the vehicle staging area is not possible due to operational constraints." PLANNING COMMISSION MINUTES, February 12, 2014 Page 30 of 38