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RESOLUTION NO. PC-2024-09 A RESOLUTION OF THE PLANNING COMMISSION OF THE CITY OF PLEASANTON RECOMMENDING APPROVAL OF THE APPLICATION OF STONERIDGE PROPERTIES, LLC FOR A SIXTH AMENDMENT OF THE STONERIDGE SHOPPING CENTER DEVELOPMENT AGREEMENT, GOVERNING AN APPROXIMATELY 362,790 SQUARE-FOOT EXPANSION, TO CONTRIBUTE $50,000 TOWARDS THE STONERIDGE MALL FRAMEWORK PLANNING, EXTEND THE TERM FOR SIX MONTHS, WITH POTENTIAL ADDITIONAL EXTENSIONS TO THE TERM, CONTINGENT UPON THE DEPOSIT OF ADDITIONAL FUNDS, AS FILED UNDER CASE NO. PXXX17-0904 WHEREAS, Stoneridge Properties, LLC (Developer) has applied for a Sixth Amendment to the Development Agreement for the properties at 1008 - 1700 Stoneridge Mall Road for a six (6) month extension of the term to December 31, 2024, contingent upon a contribution of $50,000 by Developer towards the Stoneridge Mall Framework planning effort, plus potential additional extensions, contingent upon the deposit of additional funds and a determination by the City Manager or the City Council that Developer has made good faith material progress toward funding a master plan by December 30, 2026, regarding its approximately 362,790 square- foot remaining permitted expansion to the Stoneridge Shopping Center, as filed under Case PXXX17- 0904; and WHEREAS, a Supplemental Environmental Impact Report (SEIR) was prepared and certified on January 4, 2012, for the Housing Element update and Climate Action Plan General Plan Amendments and Rezonings that supplemented the Environmental Impact Report (EIR) prepared for the Pleasanton 2005-2025 General Plan, certified in July 2009. This SEIR and the Addendum for the Stoneridge Mall Commercial Replacement and Expansion Project dated April 16, 2019, anticipated completion of the subject 362,790 square- foot expansion of the Stoneridge Shopping Center. In addition, the cumulative impacts of the development permitted under the Development Agreement and Sixth Amendment, plus all development proposed under the City of Pleasanton’s 2023-2031 Housing Element, was studied in the Program Environmental Impact Report (SCH 2022040091) for that Housing Element certified by the City Council on January 26, 2023, by Resolution 23-1357. The California Environmental Quality Act (CEQA) specifies that individual development projects that are covered by a previously certified EIR or SEIR are exempt from additional environmental review. Therefore, there is no additional environmental document regarding this Development Agreement extension is required pursuant to Public Resources Code §21083.3 and CEQA Guidelines §15183; and WHEREAS, on May 8, 2024, the Planning Commission held a duly noticed public hearing on this application and considered all public testimony, agenda report, and related materials. NOW, THEREFORE BE IT RESOLVED by the Planning Commission of the City of Pleasanton, based on the entire record of proceedings, including the oral and written agenda reports and all public comment and testimony: Section 1. Recommends that the City Council find that the Sixth Amendment to the Development Agreement, as described in Section 3, is consistent with the City’s General Plan. EXHIBIT A