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It is noted in its discussion, one Planning Commissioner suggested the DA should include an "inflation" or "escalation" factor for the $1 Million contribution, given the payment would not be made immediately. Staff recommends the term be retained "as is," noting the City has not imposed similar requirements in other DAs, and doing so may require re-negotiation of other terms, which have been developed in the spirit of providing a fair and appropriate balance of benefits to the developer and to the City. Staff finds the $1 million payment reflects a fair request of the applicant, scaled appropriately to the additional FAR that is being required. It is also noted, in addition to this one specific benefit, the 10x Genomics development will contribute to City revenues in other ways (also potentially supportive of Fire Station No. 2 improvements), through the payment of development impact fees (which will escalate over time); and in return of a significant increase in sales tax, year-upon-year, over time. PLANNING COMMISSION ACTION The Planning Commission held a public hearing on May 26, 2021 , to review and provide a recommendation to the Council on the proposed project. The Executive Director of the Chamber of Commerce spoke in support of the proposed project. In addition, staff received six emails in support of the proposed project after publishing of the Planning Commission agenda report for the hearing (Attachment 8). As described in the "Discussion" section above, the majority of the Commission's comments were focused on the discussion on architectural design for Building 1; the Commission recommended, alongside approval of the various applications and the DA, the applicant provide an alternative color scheme for Building 1, for the City Council's consideration. As noted, staff believes the alternative scheme is a positive change to the project, and recommends it be incorporated into the project design. For staff's responses to and the Commission's discussion on these topics, please see the Planning Commission meeting minutes (Attachment 7). After listening to public testimony and discussing the project, the Commission, on a 5-0 vote, voted to recommend adoption of the MND, approval of the PUD Rezoning and Development Plan, and to make a finding the Development Agreement is in conformance with the General Plan, subject to the recommended conditions of approval. PUBLIC NOTICE Notice of this meeting was sent to property owners and tenants/occupants within 1,000-feet of the site as shown in Attachment 9. At the time of report publication, staff has not received any public comments beyond those responded to in the Final IS/MND in Attachment 1A and those addressed to the Planning Commission in Attachment 8. Public comments received after publication of this report will be forwarded to the City Council. 28