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PROJECT OBJECTIVES The objectives of the proposed JDEDZ and associated General Plan amendment and PUD Rezoning are to: • Provide a consistent framework for the City's review and approval of new uses and projects in the JDEDZ area, encouraging investment in and adding value to these properties; and • Maximize the benefits of the location of the JDEDZ project area as an infill site located along transportation corridors and near transit by encouraging the development of both locally and regionally accessible uses in the JDEDZ project area; and • Encourage the development of a diverse mix of uses in the City that would promote long-term economic growth by generating substantial new revenues for the City. PROJECT AREA DESCRIPTION The JDEDZ project area consists of 12 parcels located at 7106 through 7315 Johnson Drive and 7035 and 7080 Commerce Circle, comprising approximately 40 acres and currently containing a mixture of land uses, including some office, retail, and institutional uses (Figure 1). However, the predominant uses for the past several decades have been light industrial uses, and the economic potential of the area has not been realized due to aging infrastructure and restrictive zoning. The area is bounded by a fitness center, hotel and parking uses on the north; industrial, wastewater treatment, and Park and Ride uses to the east; Stoneridge Drive and the I- 680 interchange to the south; and Alamo Canal and 1-680 to the west. The JDEDZ area currently contains 224,688 square feet of building space, not including the demolished former Clorox buildings. In 2014, Nearon Enterprises purchased six parcels (5, 6, 6B, 9, and 10 on Figure 1) within the project area, comprising approximately 27 of the 40 acres, which, at the time, housed Clorox campus buildings that were in poor condition. The City granted a demolition permit for the buildings, and work was completed in early 2015. Costco subsequently purchased five parcels from Nearon (Parcel 5 on Figure 1 excluded). Other existing uses within the proposed JDEDZ project area include FedEx, AT&T, Black Tie Transportation and Valley Bible Church. Page 4 of 23