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<br />PLANNING COMMISSION CITY OF PLEASANTON <br /> <br />ALAMEDA COUNTY, CALIFORNIA <br /> <br />RESOLUTION NO. PC-96-92 <br /> <br />RESOLUTION RECOMMENDING APPROVAL OF MODIFICATIONS TO THE <br />AGREEMENTS FOR WELLS FARGO BANK FOR THE STONERIDGE <br />CORPORATE PLAZA II <br /> <br />WHEREAS, Wells Fargo Bank, N.A. (Crocker Properties, Inc.) has applied for an amendment <br />to the Development Agreement to extend the term by five years, from August 9, <br />2000, to August 9, 2005; for an amendment to the Reimbursement Agreement to <br />clarifY the method and manner of construction and/or payment for certain public <br />improvements required as mitigation measures; and for an amendment to the <br />Development Deferment Agreement to conform its terms to the new term of the <br />Development Agreement, for the Stoneridge Corporate Plaza II located east of <br />Stoneridge Mall bounded by Stoneridge Mall Road, Embarcadero Court, Highway <br />1-680, and Fabian Court; and <br /> <br />WHEREAS, zoning for these properties is PUD (Planned Unit Development) - C-O <br />(Commercial-Office) District; and <br /> <br />WHEREAS, adjusting the term of the Development Agreement has been determined to be <br />categorically exempt from the requirements of the California Environmental <br />Quality Act (CEQA); and <br /> <br />WHEREAS, at its duly noticed public hearing of November 20, 1996, the Planning <br />Commission considered all public testimony, relevant exhibits, and <br />recommendations of the City staff concerning this matter; and <br /> <br />WHEREAS, the Planning Commission determined that given the value and quality of the <br />approved project it is reasonable to give the applicant an additional five years to <br />develop, and the reimbursement agreement clarifications are practical. <br />