PC-97-63 - Laserfiche WebLink

Resolution No. PC-97-63 Page 3 EXHmlT A Conditions of Approval Amendment to the Stoneridge Regional Shopping Center Development Agreement July 23, 1997 1. The draft Development Agreement dated the following: shall be modified to include a. Section 1 and Appendix C shall be modified to reflect the proposed expansion of 202,000 square feet, not the previously proposed 220,000 square feet, such that additional future Floor Area shall be 380,000 square feet. Corresponding changes to other exhibits shall also be made to conform all tables to the revised total floor area. b. A new section shall be added to amend the original Section 3.2(c) to add the following: "Additional Traffic Improvements as used herein shall specifically mean mitigation measures identified by the City to offset anticipated traffic impacts should it decide not to construct the West Las Positas interchange. Furthermore, Developer agrees that, as to the additional 202,000-square foot expansion approved herein, no use of this floor area will be made until completion of the West Las Positas study or three years from the adoption of this amendment, whichever comes first, and, should City determine as a result of the study, due to the inability to satisfactorily mitigate traffic on North Pleasanton intersections, to impose a freeze on new development applicable to properties not vested as of the date of this Agreement which contribute traffic to Stoneridge Drive at I-680, Developer's ability to develop the 202,000-square foot expansion shall cease unless City, in light of the then-adopted land use policies, allows this or some other expansion. " c. Add a second new section or subsection incorporating the following: I. The developer acknowledges that the City is not guaranteeing that existing LOS standards be maintained in perpetuity and that no guarantee is made the City will be responsible for keeping those intersections at LOS D or better. 2. The developer shall commit to implement a proactive Transportation Systems Management program or other measures which will positively mitigate the project's otherwise anticipated traffic impacts.