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Planning Commission Agenda Report May 8, 2024 Item 4 SUBJECT: PXXX17-0904 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 a period of six months, with options to extend the DA for 18 or 24 months, and an additional two years thereafter subject to the completion of performance standards as set forth in the proposed Sixth 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 Sixth Amendment to the DA for the Stoneridge Shopping Center B. Original DA with first, second, third, fourth, and fifth 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 Sixth 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 §21083.3 and CEQA Guidelines §15183; and (2) the City Council approve the proposed Sixth Amendment as set forth in Exhibit A.