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Calculating Development Cap Although limits on development have existed since Hacienda's first PUD, the first numerical development cap was set in 1987, as a not-to-exceed total building square footage of 11,755,000 square feet. Subsequent modifications to the PUD reduced the square footage down to its current cap of 9,889,000 square feet. Reductions in Hacienda's development cap have occurred twice and were made at the same time as other changes were made to the PUD, principally to reflect rezonings to allow for residential development. The cap was reduced by 1,366,000 square feet in 1992 when 79 acres of land was rezoned to High Density Residential; it was reduced again in 1993 by 500,000 square feet when changes were made to the allowed uses within the development. In other words, the development cap is applicable to commercial development only, and excludes all residential construction, including that existing as of August 2013, as well as the subsequently approved residential development on the seven lots referenced in the Hacienda TOD Standards and Design Guidelines and the Housing Site Development Standards and Design Guidelines.2 Overall Hacienda has the current capacity to maintain up to 3,452 units. Any future changes to allow additional residential units would be looked at on a case-by-case basis at the time of consideration3. Hacienda has two methods to account for development within the development cap. Initially, all development based on gross building square footage was used to "draw down" the cap irrespective of the use or type of development constructed. This method was followed until 1993. With the adoption of Ordinances 1596 and 1637 in 1993, which created two new multiple-use flexible Hacienda planning district designations (Mixed Commercial/Office/ Industrial district (MCOIPD)), and Mixed Office/Industrial district (MOIPD)) for 31 sites, a change was made in how the development cap was calculated. The development on these 31 redesignated sites were now counted based on the number of traffic trips they produce, which are then converted into a square footage equivalent to draw down from the development cap. Development on the remaining original sites continued to be subject to the original draw down calculation method based on gross square footage. In addition, a separate "sub-cap" of 4,631,059 square feet of the overall 9,889,000 square foot development cap was established to account for projects built on the 31 sites as shown in Table 1. 2 Excludes residential construction on the following residential properties: (1)Galloway at Owens;(2)Galloway at Hacienda;(3)the northern 12 acres of the Roche Molecular Systems site;(4)the BART site;(5)the southern 8.4 acres of the Rosewood Commons site;(6)Anton Hacienda;(7)Andares and the CM Capital site;(8)Avana Stoneridge Apartments;(9)Verona at Hacienda;(10)Park Hacienda Apartments; and(11)Valencia/Avila/Siena at Hacienda. Based on the next RHNA Cycle,one or more properties in Hacienda may be rezoned to address State law and the need for land zoned for residential. At the appropriate time,additional discussion regarding the development cap and possible rezoning will be required. Page 5 of 12