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P22-0969, Stoneridge Mall Framework Planning Commission 4 of 6 for adjustments between land owners of, for example, property, housing units, location of public spaces. Staff’s response to these proposals is indicated in the Discussion section of this report. DISCUSSION In keeping with the objectives of Stoneridge Mall Framework, staff and the professional services team has drafted a document that includes components of the Framework, enclosed as Exhibit A to this report, for consideration and recommendation by the Planning Commission. The content of the document is the culmination of the feedback provided by the Commission and Council, the community, and the consensus of the property owners. After the Planning Commission provides its recommendation, the Framework Components will be provided to the City Council for consideration and adoption at its special meeting scheduled for January 26, 2023, alongside with the 2023-2031 (6th Cycle) Housing Element and Objective Design Standards. The Draft Stoneridge Mall Framework Components is summarized below. Draft Stoneridge Mall Framework Components The Framework Components include: • Background information; • Vision statement; • Guiding principles; • Allocation of housing units for each of the six mall parcels for the 2023-2031 (6th Cycle) Housing Element; and • Design and placemaking elements that would be reflected in a future Framework Plan or other comprehensive master plan. Background The background information includes a summary of the existing parcelization and ownership, history of development of the regional mall, existing zoning, the existing Development Agreement, Reciprocal Easement Agreements, prior land uses changes (i.e., the rezoning that occurred with the 4th Cycle Housing Element), and the Framework process to date. Vision Statement The Vision Statement in the Framework Components is consistent with both that shared at the September 26 Community Meeting and that provided by the three ownership entitie s: Stoneridge shall continue to be a community destination that will evolve into a more vibrant mixed-use community with retail, housing, commercial, dining and entertainment activities that are strong economic contributors to the City of Pleasanton. The City, in collaboration with the Stoneridge lando wners, will establish a new district that facilitates development of an integrated, sustainable, mixed-use neighborhood, with well-connected walking, biking, vehicular and transit corridors throughout the property, and a range of high -quality public and private gathering spaces and placemaking amenities.