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3. Make the PUD findings for the proposed PUD Major Modifications as discussed in the draft Ordinances in Exhibit A of Attachment 1 and 2; and 4. Introduce the draft ordinances approving Case Nos. PUD-81-30-57M/PUD-85-08- 30M and PUD-81-30-58M/ PUD-85-08-31M subject to the draft conditions of approval listed in Exhibit A (Attachments 1 and 2) and PUD development plan draft PUD Conditions included in Exhibit B (Attachment 1) dated "Received November 30, 2018". FINANCIAL STATEMENT Since its approval the development of Hacienda Business Park has occurred in tandem with an extensive program of public improvements, funded by Hacienda Business Park through the North Pleasanton Improvement District (NPID). While the proposed modifications would not increase the approximately 9,800,000-square-foot development cap in Hacienda, it would allow greater flexibility for future development to be distributed throughout the park while still meeting the PUD regulations (i.e. floor area ratio [FAR] limits, setbacks, height limits, parking requirements, etc.). The developers of these properties would continue to be responsible for paying the applicable development impact fees, and buildout of the remaining projects would generate additional revenues, via increases in property and sales taxes, to cover the costs of City services such as police and fire. BACKGROUND Hacienda was established under the PUD section of the Zoning Ordinance, which, among other purposes, is intended to "accommodate changing market conditions and community desires over time," including changes in City policy and direction, market and economic conditions, and property owner plans. The Zoning Ordinance establishes a PUD modification process that allows for changes to a PUD with Planning Commission and City Council approval. Hacienda today covers a total of 833 acres, bounded approximately by 1-580 to the north, Arroyo Mocho to the south, Hopyard Road to the west, and Tassajara Creek and the Iron Horse Trail to the east. A general vicinity map of Hacienda can be seen in Figure 1 for reference. Hacienda was originally developed in two phases under a single comprehensive PUD Development Plan, Design Guidelines, and set of Covenants, Conditions and Restrictions (CC&Rs). Phase 1, covering 573 acres, was established with PUD-81-30. Phase 2, covering an additional 260 acres, was established with PUD- 85-08. These two PUDs have undergone numerous changes since their creation. Page 2 of 12