PC 11/20/96 - Laserfiche WebLink

. . Commissioner Dove stated that with the development of San Francisco property, Dougherty Valley and Tassajara, we may be putting our future in jeopardy if we don't support the ability to grow the regional shopping center. Mr. Swift stated that this agreement will give the Taubman Company the vested right to have the ability to develop in the future, and these figures are added to the traffic model to insure that whatever comes after (Wells Fargo, Kaiser, Safeway, etc.) will not make the intersection LOS go to "E." Commissioner Cooper's position is that there is nothing to prevent the Taubman Company from seeking modification of the development agreement in the future when needed. This will preserve the Commission's discretion for the future. Chair Barker would rather see the mall further developed and de-densify the Wells Fargo agreement. Commissioner Lutz supports both the revised agreements as written. He found the analysis for the parking and trip generation to be reasonable and conservative. He feels it is in Taubman's and Pleasanton's interest to keep the mall fully operational. Chair Barker can't support the reduction in the parking ratio but does support the increase in square footage. PUBLIC HEARING WAS RE-OPENED In response to Chair Barker, Patrick Gibson commented that the Stoneridge Mall is essentially full-- there is a pad for one more specialty store. The only way to add square footage at the mall is to add onto the existing stores, by building up (but that is already precluded), and by building out in the parking lots (and this would mean the addition of parking structures). He feels the intent of the additional square footage is for the Taubman Company to be able to tell its present tenants that they will have the ability to expand in this mall rather than seeking space elsewhere. Robert Gibney responded to Commissioner Cooper's comment of coming back when there is a need beyond the 178,000 square feet already approved. It has taken the shopping center twenty years to build-out the first phase. It may take another twenty years to realize the expansions on the other stores. The capital improvements process takes a very long lead time for all the negotiations and secure the commitments. If the mall cannot show tenants/prospective tenants that they have the support from Pleasanton to keep the mall as a regional shopping center, it diminishes their ability to attract them. PUBLIC HEARING CLOSED Commissioner McGuirk motioned, seconded by Commissioner Lutz, rmding that the project would not have a significant effect on the environment and recommending approval of the attached Negative Declaration. . Planning Commission Minutes Page 14 November 20, 1996