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2. Adopt a resolution (Attachment 1) approving the following: a. A General Plan Amendment (P19-0021) to change the General Plan Land Use Designation from "Retail/Highway/Service Commercial; Business and Professional Offices" to "Community Facilities — Public and Institutional" b. A Specific Plan Amendment (P19-0022) to change the Downtown Specific Plan Land Use Designation from "Downtown Commercial" to "Public;" and 3. Introduce the draft ordinance (P19-0023) rezoning the property from "C-C (Central Commercial), Downtown Revitalization, Core Area Overlay District" to "Public and Institutional, Downtown Revitalization, Core Area Overlay District" (Attachment 2). FISCAL IMPACT No fiscal impact to the City or public services is anticipated as part of the subject applications. Future Capital Improvement Program (CIP) budgets would fund the eventual selected uses and improvements for the property. BACKGROUND In 2018, the owners of 4363 and 4377 First Street placed their property for sale. The City was interested in acquiring the site due to its adjacency to the Firehouse Arts Center's public parking lot and Lions Wayside Park. On August 21, and November 6, 2018, the Council held two closed sessions to discuss the purchase price, terms, and conditions of a potential acquisition of the property. At its December 4, 2018, public hearing, the City Council approved the execution of a purchase and sale agreement for the acquisition of the property. At its December 12, 2018, hearing, the Planning Commission made a finding of General Plan conformity for the City's purchase of the property as required by state law. Escrow recently closed and the City now owns the property. The existing tenants are scheduled to vacate the premises by May 13, 2019, and the buildings located on-site will be removed by the City. Following City Council action on the subject applications, the City Council and Parks and Recreation Commission, in consultation with the Pleasanton Downtown Association and neighboring residents and businesses, will explore options for the property that enhance Downtown. SITE AND AREA DESCRIPTION The subject site is an approximately 18,200-square-foot parcel on the northwest side of First Street (see Figure 1 on the following page). The property is developed with two commercial buildings totaling 6,154 square feet in area which were constructed in 1971. The buildings are currently occupied by six tenants: Express Liquor, Yan's Massage, Roots of Eastern Medicine (acupuncture), Team EdServe (marriage and family counseling), Urban Realty Services, and a leased storage unit. An existing driveway off First Street provides access to an 18-space paved parking lot between the buildings. There are two mature trees (redwood and palm) and a variety of shrubs on the subject site. The site topography is generally flat. Page 2 of 8