Laserfiche WebLink
Resolution No. PC-2024-09 <br />Page 7 master planning anticipated in the Stoneridge Mall Framework <br />Components (as defined in subsection (i) below), including, but not <br />limited to: (i) developing a scope of work, schedule and budget for the <br />next phase of planning work, including commencing the process to <br />select urban design/architectural professionals to develop design and <br />placemaking elements of the Framework Components; (ii) initiating <br />collaboration between Developer and Other Owners (as defined in <br />subsection (i) below) regarding desired land uses, potential <br />development scenarios for various properties, and addressing issues of <br />shared concern, such as parking requirements and parking <br />management, interface of new or expanded uses with the existing <br />shopping center, and shared infrastructure; and (iii) seeking qualified <br />consultants to begin development of development standards or other <br />master planning documents for the Stoneridge Mall. <br />(c) If, prior to December 1, 2024, City receives additional deposits <br />totaling $150,000 from one or more of the Other Owners to supplement <br />the Initial City Master Plan Costs (“Supplemental Master Plan Costs”), <br />then the termination date of this Agreement shall be extended an <br />additional 18 months to July 1, 2026, with this period to be used to <br />further advance the efforts initiated during the initial six-month period. <br />The City may, at its sole discretion, reduce this amount by up to <br />$50,000, provided that so doing would, in the City’s determination, allow <br />the planning to continue to proceed towards the development of the <br />Master Plan. <br />(d) If City does not receive deposits for the Supplemental Master Plan <br />Costs from the Other Owners by December 1, 2024, then Developer <br />may elect thereafter to deposit with City, prior to December 31, 2024, <br />the greater of (i) $100,000 or (2) the unfunded Supplemental Master <br />Plan Costs (not to exceed $150,000), in which case this Agreement <br />shall be extended an additional 24 months to December 31, 2026, with <br />this period to be used to further advance the efforts initiated during the <br />initial six-month period. By November 1, 2026, the City Manager shall <br />determine, in writing with notice to the Developer, whether Developer <br />has worked in good faith to make material progress towards the Master <br />Plan, including funding and/or working with the Other Owners to <br />develop a plan to fund, the Master Plan. If the City Manager makes an <br />affirmative determination regarding Developer’s actions or fails to make <br />any findings with regard to Developer’s actions, the Development <br />Agreement shall be extended an additional two years to December 31, <br />2028. <br />(e) The City Manager may refer the duty to determine whether the <br />Developer has made material progress toward the Master Plan to the <br />City Council, provided the referral is made by November 1, 2026. <br />Developer may appeal the City Manager’s findings to the City Council <br />within ten (10) days of the date of notice of such findings, by providing <br />notice of such appeal to the City Clerk by overnight courier or personal <br />delivery. <br />(f) Upon referral or appeal, the City Council’s review of the matter shall <br />be de novo and the City Council may consider evidence that was not <br />presented to the City Manager. City shall use reasonable efforts to <br />ensure that any findings to be made by the City Council are adopted by <br />December 31, 2026. If such findings are not adopted by such date, the