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Retention of Mall Core: In each of the conceptual scenarios, the mall "core" remains without significant modification to square footage, although in some instances existing vacant retail buildings such as the former Sears and Nordstrom stores could be demolished and replaced with other uses. Retention of Existing Sites Zoned for Housing: In each of the conceptual scenarios, the properties2 already designated for housing during the 4th Cycle Housing Element are not "counted" toward the 900-1,440 units, since these sites have already been zoned for housing and the units allocated in a prior Housing Element cycle. Reduced Commercial Parking Ratio: Each conceptual scenario presumes vehicular parking at a ratio of 3 spaces per 1,000 square feet of commercial square footage. This is a modified standard compared to the existing ratio of approximately 5 spaces per 1,000 square feet, but is consistent with the Pleasanton Municipal Code (PMC) minimum parking ratio for retail and office uses. While this change would require concurrence on behalf of all owners and modification to private agreements, general consensus among the owners has been to reduce the amount of surface parking contained on the site. The mall owner has emphasized the need for "pools" of convenient customer parking to be provided around the mall, potentially in smaller surface parking lots. Parking for New Residential and other Development: Adequate parking for housing developments could be provided by each project, either as garage structured parking in a "wrap" configuration, or in podium-style apartment buildings. Circulation Network:As illustrated, the primary vehicular circulation around the mall could remain on Stoneridge Mall Road. However, additional points of access to the mall core and between new development areas are suggested as shown on the diagrams for the scenarios, with the objective of facilitating vehicular and pedestrian connection around the mall. A multi-use perimeter path could be constructed along the inner side of Stoneridge Mall Road (i.e., adjacent to the mall properties) and pedestrian walkways could be provided throughout the site to allow access to the shops and connect between various portions of the site and Stoneridge Mall Road. Prominent, high-quality connections consisting of well-lit stairs and ramps at significant grade changes at locations where major department stores remain (which occur near both Macy's stores and near JC Penney) could be constructed to facilitate and encourage pedestrian access. A direct promenade path from the mall to BART and the Workday campus is provided in the scenarios. 2 The properties include an approximately 8-acre site and another approximately 2-acre site, both owned by Simon. Since the "base density" of the project is 40 du/ac and a total of 10 acres was zoned for housing, Simon has an allocation of up to 400 units, without a Density Bonus. A 6-acre portion of the larger site currently has a pending development application to construct a 360-unit housing project. The applicant is proposing a Density Bonus such that the project would have a density of 60 units to the acre (40 du/ac plus a 20 du/ac density bonus). The proposed project"uses" 240 of the of 400 total units, meaning that Simon could redistribute the remaining 160 units elsewhere on property that is currently (or will be in the future)zoned for housing. Page 7 of 17