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PC-2024-09
City of Pleasanton
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PC-2024-09
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7/12/2024 12:09:26 PM
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7/12/2024 12:09:14 PM
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CITY CLERK
CITY CLERK - TYPE
RESOLUTIONS
DOCUMENT DATE
5/8/2024
DESTRUCT DATE
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Resolution No. PC-2024-09 <br />Page 6 <br />center, the City has determined that this Sixth Amendment is an appropriate supplement to the <br />Agreement. <br />H. The Agreement originally permitted an expansion of 380,000 square feet, which was <br />reduced to 362,790 square feet due to construction of P. F. Chang's and the Cheesecake Factory. <br />The permitted remaining expansion was covered by the mitigated negative declaration adopted in <br />connection with the original Development Agreement, as well as considered as part of the EIR for the <br />Pleasanton 2005-2025 General Plan certified in July 2009, and the SEIR for the Housing Element <br />Update and Climate Action Plan General Plan Amendments certified in January 2012, and addressed <br />in the Addendum for the Stoneridge Mall Commercial Replacement and Expansion Project dated <br />April 16, 2019. In addition, the cumulative impacts of the development permitted under the <br />Agreement and this Sixth Amendment, plus all development proposed under the City of Pleasanton’s <br />2023-2031 Housing Element, was studied in the Program Environmental Impact Report (SCH <br />2022040091) for that Housing Element certified by the City Council on January 26, 2023, by <br />Resolution No. 23-1357. This Sixth Amendment merely extends the term of the previously approved <br />Agreement and is consistent with the General Plan, and there are no impacts peculiar to the parcel or <br />unstudied impacts relevant to this Sixth Amendment. <br />I. On May 8, 2024, after conducting a duly noticed public hearing, the City Planning <br />Commission recommended the City Council approve this Sixth Amendment, based on the following <br />findings and determinations: this Sixth Amendment is consistent with the objectives, policies, general <br />land uses and programs specified in the vested General Plan; is compatible with the uses authorized <br />in and the vested regulations prescribed for the land use districts (C- R (Regional Commercial and <br />PUD-MU (Planned Unit Development – Mixed Use)) in which the Property is located; is in conformity <br />with public convenience, general welfare and good land use practices; will not be detrimental to the <br />health, safety and general welfare of the City or the region surrounding the City; will not adversely <br />affect the orderly development of property or the preservation of property values within the City; and <br />will promote and encourage the development of the Project by providing a greater degree of certainty <br />with respect thereto. <br />J. Thereafter, on June 4, 2024, the City Council held a duly noticed public hearing on this <br />Sixth Amendment and made the same findings and determinations as the Planning Commission. On <br />that same date, the City Council introduced the Ordinance. On June 18, 2024, the City Council <br />approved this Sixth Amendment by adopting Ordinance _______. <br />NOW, THEREFORE, pursuant to the authority contained in California Government Code Sections <br />65864-65869.5, and in consideration of the mutual covenants and promises of the parties herein <br />contained, the parties agree to amend the Agreement as follows: <br />1. Section 2.2 is hereby amended and restated as follows: <br />2.2 Term. The term of this Agreement and Developer's rights and <br />obligations hereunder shall terminate on January 1, 2025, unless the <br />termination date is extended pursuant to Section 19.14 below. <br />2. Section 19.14 is added as follows. <br />19.14. Initial 6th Amendment Funding and Extension Upon Additional <br />Funding. <br />(a) Within 10 business days of the date of recordation of this <br />Agreement, Developer shall deposit the sum of $50,000 with City to be <br />used by City for its costs associated with developing and processing a <br />Master Plan (as defined in subsection (i) below) for the Stoneridge Mall <br />(“Initial City Master Plan Costs”). <br />(b) Between July 1, 2024 and December 31, 2024, City and Developer <br />agree to cooperate and coordinate towards making progress on the <br />Docusign Envelope ID: 83745B92-B455-4AB6-8CAF-F4241BB8DF0F
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