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PXX17-0904, 1008-1700 Stoneridge Mall Road Planning Commission 5 of 6 again post-pandemic. Additionally, since the 2021 extension, the City adopted the Stoneridge Mall Framework components document and completed the 6th Cycle Housing Element update, with sites identified at Stoneridge Shopping Center among the housing inventory sites that will be rezoned to allow for additional residential uses on certain portions of the mall. Such sites are in addition to those properties within the Mall identified in the 4th and 5th Cycle Housing Elements, one of which is the location of the Stoneridge Mall Apartments project (approved earlier this year). The Stoneridge Mall Framework, as adopted in January 2023, provides a conceptual land use and circulation plan and policy guidance for future development/redevelopment of the Shopping Center. In consideration of this Fifth Amendment, the City and applicant have agreed on a list of milestones (i.e., tasks) tied to progressing the Stoneridge Mall Framework towards a full-fledged Master Plan or similar comprehensive plan document that the applicant has agreed to complete within the term of the extension. Based on the terms of the Fifth Amendment, completion of these milestones within the specified term would allow the City Manager to grant another one-year extension of the DA administratively. Please see Exhibit A (Section 7) for a complete list of the required milestones. Given the passage of time since the DA was originally written, the City has asked, and the applicant has agreed, to include as part of the Fifth Amendment provisions specifying that any development pursuant to the DA is subject to current City development impact fees and other fees, offset by prior payments for traffic improvements. In addition, the City and applicant have included terms that specify that the Objective Design Standards (ODS) adopted in January 2023 and requirement of the future Framework would also apply to any residential or mixed- use development on the site. The section about transfer or assignment has been amended to provide for City approval. And finally, there is also a provision for the applicant to reimburse the City for the cost of environmental review and consultant work on the Stoneridge Mall Framework process. For these reasons, staff supports the DA extension. Staff believes the additional year allowed for by the Fifth Amendment would allow the Stoneridge Mall Framework planning efforts to progress and also facilitate the applicant’s participation in the process in order to secure the orderly development of the shopping center expansion, with greater opportunities to secure effective traffic management, cohesive, attractive site design, public and private improvements, and related economic benefits to the City. The DA process requires the Planning Commission to determine if a DA is consistent with the General Plan and provide a recommendation to the City Council for action. Based on the information in the report, staff believes this Fifth Amendment is consistent with the General Plan and recommends the Planning Commission forward a recommendation for approval to the City Council. PUBLIC NOTICE Notices of this application were sent to surrounding property owners and tenants within a 1,000-foot radius of the site. A courtesy email notice was also sent to other owners of property at the mall. Staff has provided the location and noticing map as Exhibit D for reference. At the time this report was published, no public comment was received by staff.