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1 THE CITY OF JOINT PLANNING COMMISSION AND 4. pLEASANTON CITY COUNCIL AGENDA REPORT December 15, 2022 Community Development TITLE: RECEIVE AN UPDATE ON THE STONERIDGE MALL FRAMEWORK AND CONSIDER CONCEPTUAL DEVELOPMENT SCENARIOS SUMMARY The Stoneridge Mall Framework is a focused planning effort to identify and provide guidance for the location, configuration and desired land use, circulation and urban design intent for the properties containing the Stoneridge Shopping Center (Stoneridge Mall). One of the key objectives of this effort is to establish the allocation of housing as is contemplated in the City's Draft 6th Cycle (2023-2031) Housing Element. After initiating the Framework project in August 2022, the City has hosted two community meetings (one of which was a joint meeting with the Planning Commission) and coordinated input from the four property owners. This December 15 joint meeting with the Planning Commission and City Council is to request feedback and direction regarding conceptual development scenarios to be further developed in the Stoneridge Mall Framework, and the allocation of housing at Stoneridge Mall. Relevant direction from the Planning Commission and City Council will be incorporated into the Draft Housing Element when it's brought forward to the Planning Commission and City Council for consideration and adoption in January 2023. RECOMMENDATION Staff recommends the Planning Commission and City Council: (1) Receive an update on the Stoneridge Mall Framework; and (2) consider and provide direction regarding the conceptual development scenarios. FISCAL IMPACT The City Council previously authorized professional services contracts for the Stoneridge Mall Framework. No changes are proposed to the Professional Services contracts for the Stoneridge Mall Framework at this time. While key financial implications of redevelopment scenarios are noted, no fiscal impacts would occur as a result of this meeting.