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<br />B. Economic Considerations <br /> <br />The City will derive the following specific <br />economic benefits from the implementation of the <br />project: <br /> <br />1. Indirect increases in sales tax revenues and <br />subventions to the City. <br /> <br />2. <br /> <br />Substantial <br />revenues. <br /> <br />increases <br /> <br />in <br /> <br />property <br /> <br />tax <br /> <br />3. Overall increase in the economic vitality and <br />growth of the city. <br /> <br />4. Improve jobs/housing balance in the Tri-Valley <br />Area, reduce commute index, save commute time <br />and energy expenditures and consequently <br />increase economic efficiency. <br /> <br />C. Environmental and Land Use Considerations <br /> <br />The city will derive the following specific <br />environmental and land use benefits from <br />implementation of the project: <br /> <br />1. Dedication of at least 46 acres, or 44 <br />percent, of the 104 acre project site for <br />permanent open space. This open space area <br />will conserve the ecological values of the <br />site and surrounding areas and provide <br />recreational and amenity opportunities for the <br />citizens of the project, the wider vicinity, <br />the City and the region. <br /> <br />2. The proposed project is consistent with the <br />residential land use designation of the <br />Pleasanton General Plan and with adjacent land <br />uses. Given the likelihood of the site <br />urbanizing as proposed in the General Plan, a <br />residential project is appropriate. <br /> <br />NOW, THEREFORE, THE PLANNING COMMISSION OF THE CITY OF PLEASANTON <br />RESOLVES THE FOLLOWING: <br /> <br />section 1. Recommends approval of the CEQA findings as staff will <br />modify with respect to further mitigation against noise <br />and water conservation and the height of houses along <br />Abbie street. <br /> <br />section 2. This resolution shall become effective immediately upon <br />its passage and adoption. <br />