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Ordinance No. Page 2 of 6 SECTION 2. Finds that the Fifth Amendment is consistent with the objectives, policies, general land uses and programs specified in the City's General Plan; is compatible with the uses authorized in and the regulations prescribed for the land use district (C- R (Regional Commercial)) in which the property is located; is in conformity with public convenience, general welfare and good land use practices; will not be detrimental to the health, safety and general welfare of the City or the region surrounding the City; will not adversely affect the orderly development of property or the preservation of property values within the City; and will promote and encourage the development of the project by providing a greater degree of certainty with respect thereto. SECTION 3. Approves the Fifth Amendment to the Development Agreement with Stoneridge Properties, LLC, and directs the City Manager to execute, as generally shown in the attached Exhibit A, which may be modified as determined by the City Manager and City Attorney for consistency with this City Council action prior to execution. SECTION 4. A summary of this ordinance shall be published once within fifteen (15) days after its adoption in “The Valley Times,” a newspaper of general circulation published in the City of Pleasanton, and the complete ordinance shall be posted for fifteen (15) days in the City Clerk’s office within fifteen (15) days after its adoption. SECTION 5. This ordinance shall be effective thirty (30) days after its passage and adoption. The foregoing Ordinance was introduced at a regular meeting of the City Council of the City of Pleasanton on December 5, 2023 by the following vote: Ayes: Noes: Absent: Abstain: Karla Brown, Mayor ATTEST: Jocelyn Kwong, City Clerk Dated: APPROVED AS TO FORM: Daniel G. Sodergren, City Attorney Page 20 of 270