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Planning Commission Agenda Report November 8, 2023 Item 4. SUBJECT: PXX17-0904 APPLICANT/ PROPERTY OWNER: Stoneridge Properties, LLC (Simon Property Group) PURPOSE: Application to amend and extend the Stoneridge Shopping Center Development Agreement (DA), governing a previously approved approximately 362,790-square-foot shopping center expansion, for one year, with a City Manager option to extend the DA for one additional year subject to the completion of performance standards set forth in this fifth amendment. LOCATION: Stoneridge Shopping Center (1008-1700 Stoneridge Mall Road) GENERAL PLAN: Retail/Highway/Service Commercial, Business and Professional Offices and Mixed Use ZONING: CR(M) – (Regional Commercial – Mall) and PUD–MU (Planned Unit Development – Mixed Use) District EXHIBITS: A. Draft Resolution and Draft Fifth Amendment to the DA for the Stoneridge Shopping Center B. Original DA with first, second, third, and fourth amendments C. Pleasanton General Plan 2005-2025 Environmental Impact Report (EIR), and Housing Element and Climate Action Plan (CAP), General Plan Amendment and Rezonings Supplemental Environmental Impact Report (EIR) and Adopted Findings including Statement of Overriding Considerations (available upon request) D. Location and Notification Maps STAFF RECOMMENDATION Staff recommends the Planning Commission adopt a resolution recommending: (1) the City Council find the proposed Fifth Amendment to the Stoneridge Shopping Center Development Agreement is exempt from further review under the California Environmental Policy Act (CEQA) pursuant to Public Resources Code section 21083.3 and CEQA Guidelines section 15183; and (2) the City Council approve the proposed Fifth Amendment as set forth in Exhibit A.