RES 231358 - Laserfiche WebLink

Exhibit A3 5 not serve uses that are more unique in a particular location , (e.g. a large parking lot serving a small coffeeshop within downtown), uses that reflect low utilization (e.g. a furniture store that has seen 10.3% decrease in sales between 2017 and 2022 and where available parking is far in excess of customer demand, based on field observation), and office buildings where vacancy rates in Pleasanton have increased from 12.1% in 2020 to 14.4% in 2022, and for the Tri-Valley CBRE reports an office vacancy rate of 19.5% in the fourth quarter of 2022. Or, where the opportunity exists, for a use to remain on a site even if infill development were to occur around it based on the configuration of the parcel. Evidence that the City would seek to facilitate redevelopment of such sites (e.g. as proposed in Program 1.6 to conduct outreach with owners, develop incentives, provide flexible parking standards and allow for adaptive re- use). Sites Proposed for Re-Zoning Suitable for Lower-Income Housing: Non-Vacant Sites that do not currently allow residential uses and for wh ich re-zoning would be required. Nine of the 19 sites identified by the City for rezoning are considered suitable to accommodate lower-income housing, and for which existing uses are likely to be discontinued within the planning period. Evidence of such, for sites suitable for lower-income housing, is as follows, in addition to the facts stated in Housing Element Appendix B: • Area 2 - Stoneridge Shopping Center: The Stoneridge Shopping Center Framework and 6th Cycle Housing Element identify a total of 18 acres, comprising six, 3-acre housing sites, one on each of the six legal parcels that constitute Stoneridge Mall. Notwithstanding, based on Cal. Government Code Section 6558523(c)(2)(b),3 that each 3-acre housing sites would be less than 10 acres in size, evidence of affirmative interest in numerous communications with the City, in redeveloping portions of the Shopping Center with new mixed-use and residential uses by each of the four current property owners, including a near term commitment to advance the necessary master planning for the shopping center and enter into negotiation among owners to update and amend existing Reciprocal Easement Agreements (REA) to accommodate new residential 3 Government Code 65583.2(c)(2)(B) defines a “site” as “that portion of a parcel or parcels designated to accommodate lower income housing needs pursuant to this subdivision”.