3_Exhibits A-D - Laserfiche WebLink

8 A new Development Agreement between the City and Taubman Company was approved in September 1992 (Ordinance 1578), governing the more limited inner loop properties containing the mall. With its acquisition of various properties at the mall, Simon Property Group has since succeeded Taubman as the property owner that is sole party to the DA with the City of Pleasanton. The agreement originally allowed for construction of an additional 178,000 sf of retail above what was existing at the time and had been contemplated in prior planning approvals. In January, 1998, the City Council adopted Ordinance 1732 approving the first amendment to the DA, to allow an additional 202,000 square feet, for a total of up to 380,000 square feet of expansion area. An amendment to the Sewer Agreement was also approved at that time which reserved 10,000 gallons of sewer capacity for the shopping center. Since then, in 2005, the City approved construction of the P.F. Chang’s and Cheesecake Factory restaurants; this drew the remaining development capacity down to 362,790 square feet of floor area. Three subsequent amendments to the DA left the basic terms of the agreement unchanged but extended the DA term through the current expiration date of December 2023. Reciprocal Easement Agreements A Reciprocal Easement Agreement (REA) is in place among all of the property owners at the Mall. The REA is a private agreement (the City is not a party to the REA), that broadly establishes all of the owners’ rights, obligations, and requirements, including required permissions and approvals that must be provided by each owner when modifications to individual properties are made. Written largely to encompass the operation of a regional shopping center, the Framework’s contemplated land uses, site and building reconfigurations and other changes to the Mall properties will require amendment of the REA. Accordingly, agreement among owners as to the nature of the changes contemplated as part of the Framework will be important. Land Use Changes since development of the Stoneridge Shopping Center Since the original development of the mall, the most significant change in planned land use with the area came with adoption of the 4 th Cycle Housing Element in 2012, which designated sites at the mall to allow high-density residential development. Two areas of the Mall totaling 10 acres were zoned, Planned Unit Development – Mixed Use District, allowing housing at a density of up to 40 units to the acre, for a maximum total of 400 housing units. The two areas include an approximately eight-acre portion of the Simon-owned property in the southeast quadrant of the mall, south of the Sears building; and an approximately two-acre portion in the west area of the study area, also owned by Simon. (See Figure 2). Related to these sites and other re-zoned for high density housing in the 4th Cycle Housing Element, the City adopted the Housing Design Standards and Guidelines in 2012, which provide more detailed guidance and standards with respect to both site and architectural design. These Housing Design Standards and Guidelines will be modified (and retitled as the “Objective Design Standards for Housing Sites”) concurrently with the 6th Cycle Housing Element update such that they reflect objective standards for