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ORDINANCE NO. 2173 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF PLEASANTON APPROVING THE APPLICATION OF STONERIDGE PROPERTIES, L.L.C. (SIMON PROPERTY GROUP) TO AMEND THE STONERIDGE SHOPPING CENTER DEVELOPMENT AGREEMENT, GOVERNING AN APPROXIMATELY 362,790 SQUARE-FOOT EXPANSION, FOR AN ADDITIONAL FIVE YEARS, AS FILED UNDER CASE P17-0904 WHEREAS, Stoneridge Properties, LLC (Simon Property Group) has applied for an extension of the Development Agreement for the properties at 1008 — 1700 Stoneridge Mall Road for an additional five years regarding an approximately 362,790 square foot remaining permitted expansion to the Stoneridge Shopping Center, as filed under Case P17-0904; and WHEREAS, a Supplemental Environmental Impact Report (SEIR) was prepared and certified on January 4, 2012 for the Housing Element update and Climate Action Plan General Plan Amendments and Rezonings that supplemented the Environmental Impact Report (EIR) prepared for the Pleasanton 2005-2025 General Plan, certified in July 2009. This SEIR anticipated completion of the subject 362,790 square foot expansion of the Stoneridge Shopping Center. The California Environmental Quality Act (CEQA) specifies that individual development projects that are covered by a certified EIR or SEIR are exempt from additional environmental review, therefore there is no additional environmental document regarding this Development Agreement extension; and WHEREAS, the Planning Commission adopted Resolution No. PC-2017-28, recommending to the Pleasanton City Council that P17-1820 be approved; and WHEREAS, on December 19, 2017, the Pleasanton City Council held a duly noticed public hearing on this application and considered all public testimony, agenda reports, and related materials, and the recommendations of City staff and the Planning Commission; and WHEREAS, the Pleasanton City Council finds that the proposed extension of the Development Agreement is consistent with the City's General Plan. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON DOES HEREBY ORDAIN AS FOLLOWS: SECTION 1. Approves Case P17-0904, the application by Stoneridge Properties, LLC (Simon Property Group) for an extension of the Development Agreement for its property at 1008 — 1700 Stoneridge Mall Road for an additional five years, and directs the City Manager to execute the Third Amendment to the Development Agreement as generally shown in the attached Exhibit A, which may be modified as determined by the City Manager and City Attorney for consistency with this City Council action prior to execution. SECTION 2. The 362,790-square-foot expansion of the Stoneridge Shopping Center was considered in the Supplemental Environmental Impact Report (SEIR) and adopted Findings and Statements of Overriding Consideration approved by the City Council on January 4, 2012 for the Housing Element update and Climate Action Plan General Plan Page 1