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• DDn e a ro n SUPPLEMENTAL MATERIAL ENTERPRISES Provided to the City Council After Distribution of Packet Date SEP 1 8 2011 Date: September 18, 2017 To: Pleasanton City Council From: Nearon Enterprises Re: Statement from Nearon Enterprises to the City Council for its September 18 Special Meeting Related to the Transportation Mitigation Improvements and Financing Plan Dear Vice Mayor Pentin and Council members: I am writing to you on behalf of Nearon Enterprises, the current primary property owner within the area designated for the JDEDZ. We have reviewed the staff report and their recommendations for the September 18, 2017 special meeting. We ask the Council to support the Policy Question #1 by allowing the Hotels to operate within the JDEDZ prior to the construction of all transportation improvements, and we ask Council to support Policy Question #2 by supporting staff's recommendation to fund the Transportation Improvements via three sources of(1)the City's TIF, (2) the Sales Tax Sharing Agreement with Costco, and (3)the JDEDZ Transportation Fee. While some of the following information may be repetitive, here is a quick summary of Nearon's involvement with the Property and the JDEDZ to date: • We acquired the property from Clorox in June 2013, totaling nine parcels and 11 buildings. • We have spent over$2.5 million on the deconstruction of the buildings, and donated almost 900,000 pounds of property, valued at over $2.0 million to Habitat for Humanity, Bay Area School Districts and The Oakland Zoo. The excess gravel is now being used for the Highway 84 widening project. • We have spent over$1.5 million on environmental remediation, with 90%of the property, including 100%of the Costco and Hotel sites, having received a clean bill of health (i.e., a No Further Action letter) from the RWQCB. P:925-743-3300 F:925-743-3303 101 Ygnacio Valley Road,Suite 450,Walnut Creek,CA 94596 www.nearon.com