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PUBLIC NOTICE Notice of this meeting was sent to property owners and tenants/occupants within 1 ,000 feet of the site as shown in Exhibit G. At the time of report publication, staff has not received any public comments beyond those responded to in the Final IS/MND in Exhibit D. Public comments received after publication of this report will be forwarded to the Commission. ENVIRONMENTAL ASSESSMENT A draft Mitigated Negative Declaration has been prepared for the proposed project. The analysis in the Initial Study concludes all the project-related environmental impacts are mitigated, with the mitigation measures incorporated in the project's design or required by conditions of approval, and there would be no significant or unmitigated environmental impacts. Staff, therefore, believes the Mitigated Negative Declaration can be issued in conformance with CEQA. If the Planning Commission concurs with this environmental assessment, the Planning Commission should recommend the City Council adopt the Mitigated Negative Declaration prior to acting on the project. SUMMARY/CONCLUSION Staff finds the site plan to be functional, with efficient on-site circulation, adequate provisions for parking, and well-designed landscaped features. Building 1 and future proposed structures are positioned to create a positive visual presence on Stoneridge Mall Road and Springdale Avenue. The design of Building 1 and future proposed structures are attractive, and the architectural style, colors, and materials will complement the surrounding development. Affected street intersections will be mitigated to provide for efficient flow and to maintain acceptable levels of service. Primary Author Eric Luchini, Senior Planner 925-931-5612 or eluchini�cityofpleasantonca.gov Reviewed/Approved By. Melinda Denis, Planning and Permit Center Manager Ellen Clark, Director of Community Development PUD-139 and P20-0973, 10x Genomics, Inc. Planning Commission 32 of 32 impacts can be mitis ated. Redevelopment of an underperforming retail Loss of retail space; however, the proposed site. 10x Genomics project would significantly exceed the sales tax produced by the prior retail center Retention and expansion of an existing ' Significant portion of subject site could business operating within the City, including remain undeveloped for a significant period preservation of high-wage jobs, and of time. increased sales tax revenue. New buildings and landscaping would upgrade and enhance the visual quality of the site and streetscape. PUD-139 and P20-0973, 10x Genomics, Inc. Planning Commission 31 of 32 erty. A development agreement is a commitment between the City and a property owner or developer to proceed with a specific development in accordance with the terms of an agreement that describes what land use and related processes shall apply to the application. In essence, a development agreement locks in the laws in existence at the time of entering into the agreement and the City agrees not to change its planning or zoning laws applicable to the specific development project for a specified period. Therefore, future land use decisions regarding such a development project would not be based on then current planning and zoning law, but rather they would be based on the laws in existence at the time the development agreement was executed. The developer gains certainty, through the development agreement, of the continuity of regulations in force at the time of entering into the development agreement and prior to a commitment of a substantial investment for project improvements. In exchange, PUD-139 and P20-0973, 10x Genomics, Inc. Planning Commission 30 of 32 and primary)). PUD-139 and P20-0973, 10x Genomics, Inc. Planning Commission 19 of 32