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17 THE CITY OF ni a - ili -nz�-1 CITY COUNCIL AGENDA REPORT pLE ASANTON August 16, 2022 Community Development TITLE: CONSIDER APPROVING SCOPE OF WORK FOR STONERIDGE MALL FRAMEWORK PLANNING PROCESS, INCLUDING KEY POLICY CONSIDERATIONS FOR THE PLANNING EFFORT SUMMARY The 2021-2023 City Council Work Plan includes an item to develop a framework to guide the development/redevelopment of the Stoneridge Mall (also known as the Stoneridge Shopping Center). The Stoneridge Mall Framework (Framework) would outline the community's expectations, allowed uses, and public amenities in conjunction with new development. In recent years, various mall property owners have expressed interest in opportunities for redevelopment of existing vacant retail space, as well as for infill of the large parking fields that surround the core mall buildings; this interest has increased as two major anchor tenants (Sears and Nordstrom) have left, and as several parcels have changed ownership. The Draft Housing Element identifies the Stoneridge Mall as a key opportunity site for new high-density housing, specifying a range of between 900 and 1,440 potential units that could be developed if rezoning as contemplated is approved. Given these various factors and the degree of owner interest in moving forward with specific development proposals in the near future, staff recommends that the framework process be initiated, with the goal of completing it prior to the adoption of the Housing Element. Outcomes of the framework process can inform policies or programs to be adopted at the time of Housing Element adoption that may define next steps for more detailed planning that may be needed and inform consideration of future development proposals. This agenda item seeks City Council input on a proposed scope of work for this effort, as well as guidance from the Council on key policy and planning considerations to be explored in the framework process. RECOMMENDATION Staff recommends the City Council: 1. Consider and approve the scope of work for the Stoneridge Mall Framework, including any revisions recommended by the City Council 2. Provide input on any key planning considerations or goals for the Framework. 3. Allocate $176,400 from General Fund Contingency to the Professional Services account in Community Development/Advance Planning, to cover the costs of the related contracts as detailed below.