19 ATTACHMENT 3 - Laserfiche WebLink

STEELWAVE VIA EMAIL June 20, 2021 Planning Commission City of Pleasanton 200 Old Bernal Avenue Pleasanton, CA 94566 RE: Comments on the City of Pleasanton's Sixth Cycle Housing Element Update Public Review Draft Honorable Commissioners, We appreciate the opportunity to comment on the City of Pleasanton's Sixth Cycle Housing Element Update ("Update") Public Review Draft. As you know, we unsuccessfully petitioned for approximately 123 acres of land we own within the East Pleasanton Specific Plan ("EPSP") Area to be included in the Update's Sites Inventory. The City's decision to include in the Update the Kiewit Property— another property within the EPSP Area—threatens to upend the City's long-stated intention to complete comprehensive planning for development in the EPSP Area. To avoid serious EPSP complications,we request the City to comprehensively address EPSP infrastructure planning and cost sharing as part of any planning completed for the Kiewit Property. The Update should be revised to ensure this is accomplished. As we have explained in prior letters to the Commission, for decades we have worked with the City in good faith to complete the EPSP.As part of that process, the City indicated public infrastructure costs would be allocated on a "fair share" basis between Steelwave (formerly Legacy/Lionstone) and Kiewit—the primary landowners within the EPSP area.The City also indicated that a detailed infrastructure financing and phasing program would be prepared prior to approval of any development within the EPSP Area.1 An EPSP developer's fair share was to be determined based upon its project's percentage of the total demand for various 1 See Preliminary Draft Ease Pleasanton Specific Plan Revision 1, p. 107 (November 2014) ("Costs for Specific Plan shared infrastructure improvements(those that benefit the owners of developable property) are to be funded by Plan Area landowners, identified as "Funding Developers."The Funding Developers include: Legacy/Lionstone and the Kiewit Infrastructure Company(See Figure 2.4). Funding obligations are to run with the land and not with the owner of the property. Prior to approval of any Planned Unit Development(PUD) plan, a detailed infrastructure financing and phasing program is to be prepared potentially as part of an EPSP Development Agreement, subject to adoption by the City Council.This agreement will specify the various financing commitments, resources, mechanisms and timing to be utilized.") 1 070253\15165186v3