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Review approval administered at a public hearing. Staff has concluded that the City Council's previous approvals of the Development Agreement for the Stoneridge Mall are still advantageous for the City. If the extension is approved by the City Council, the development rights and responsibilities described in the previous Development Agreements for the Mall will remain in effect to December 31, 2022, therefore, enabling Stoneridge Properties to proceed with the expansion of the Stoneridge Mall and allow it to remain competitive in the current retail environment. PUBLIC NOTICE Notice of this hearing was sent to all property owners and tenants/occupants within 1,000 feet of the subject properties as shown in Attachment 4. Staff has not received any verbal or written communications about the proposal as of the publication of this staff report. Any public comments or concerns will be forwarded to the City Council. ENVIRONMENTAL ASSESSMENT The original Development Agreement was the subject of a Mitigated Negative Declaration and Initial Study approved by the City Council on November 1996 in compliance with CEQA. The Initial Study that accompanied the Mitigated Negative Declaration included traffic analyses which determined the shopping center's traffic with the expansion will occur primarily off-peak and, therefore, would not impact surrounding streets and intersections during the critical a.m./p.m. peak-commute hours. Staff notes the traffic resulting from the remaining permitted floor area of 362,790 square feet was also addressed in the General Plan EIR and Housing Element and Climate Action Plan General Plan Amendment and Rezonings Supplemental EIR, confirming the conclusions of the original analysis. The environmental effects of the project were reviewed as part of the Initial Study and Mitigated Negative Declaration as well as the Supplemental Environmental Impact Report SEIR) and adopted the CEQA Findings and a Statement of Overriding Considerations for the Housing Element and Climate Action Plan General Plan Amendment and Rezonings Supplemental EIR which were adopted pursuant to California Environmental Quality Act (CEQA). As the physical environment has not significantly changed since that time, and the Development Agreement to vest the entitlement for an additional five years does not modify the project, no further environmental document accompanies the consideration of this Development Agreement. [See §15162(a)] Submitted y: Fiscal Review: Approved y: ./1( Gerry Beaudin Tina Olson Nelson Fialho Director of Community Director of Finance City Manager Development Page 3 of 4