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• Required the shopping center to participate in mitigation measures identified by the City to offset the anticipated traffic impacts of the 1-680NVest Las Positas Road freeway interchange not getting built. ® Defined the maximum height for all new shopping center buildings as that of the highest building existing at the time of the First Amendment, which is 68 feet. • Permitted parking decks up to a maximum height of three levels above grade. ® Identified traffic improvements to nearby intersections that could be required by the City's Traffic Engineer to mitigate the impact of the additional floor area on traffic operations. On June 18, 2013, the City Council adopted Ordinance No. 2073 approving the second Amendment to the DA to allow for an additional five-year extension of the term of the DA until December 2017. On August 21, 2018, the City Council adopted Ordinance No. 2173 approving the third Amendment to the DA to allow for an additional five-year extension of the term of the DA until December 2022. SITE AND AREA DESCRIPTION The Stoneridge shopping center is located on an oval-shaped property defined entirely by Stoneridge Mall Road. Figure 1, below, shows the Stoneridge Shopping Center and portions of the 1-580 and 1-680 freeways and Foothill Road. The properties surrounding the mall are located between Stoneridge Mall Road and the 1-580 1-680 freeways, Stoneridge Drive, and Foothill Road and are developed with a variety of office, hotel, medical, restaurant, and retail uses, including the recently -approved 10x Genomics campus, the first phase of which is under construction. PROJECT DESCRIPTION AND ANALYSIS The applicant requests the expiration date of the DA for the Stoneridge Shopping Center be extended again for another year, to December 2023. The proposed amended DA and the existing agreements are attached as Exhibit A and Exhibit B, respectively. The proposed fourth amendment/extension of the DA does not allow for any additional development beyond that identified in the existing agreement and continues to require all new commercial projects be subject to Planning Commission Design Review approval administered at a public hearing. DAs are public/private contracts specifically authorized by California State law with the purpose of providing to property owners more certainty about the entitlements and exactions that will apply to their property. The local government receives a legally binding promise the developer will provide infrastructure and/or pay fees required by a new project. The developer receives a legally binding promise it can build a project. The DA sets forth the rights and responsibilities between the City and the property owner/developer. DAs are primarily utilized on large, master planned developments constructed in a phased manner over a relatively long period of time, and often require significant investments in public infrastructure on the part of PX17-0904, 1008-1700 Stoneridge Mall Road Planning Commission 3 of 5