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opportunities within the commute area desired by different workers/commuters. Pleasanton has adopted an approach which plans for a balance of jobs and housing within the Tfi-Valley commute area and has taken significant steps to contribute its share of Tfi-Valley housing while retaining its role as an employment center. As a result, residential and other land use designations in the General Plan are sufficient to accommodate the expected increase in the City's population. D. In order to further the principles described in finding C, above, the residential buildout policies in this initiative are based on a realistic assessment of Pleasanton's ability to extend City services such as sewer and water and is designed to protect environmentally sensitive areas such as the Ridgelands and the Southeast hills. The residential buildout cap complements General Plan policies promoting additional housing opportunities, emphasizing infill development, and supporting a thriving employment center. The residential buildout cap will: · Encourage efficient growth patterns and protect the City of Pleasanton's quality of life by concentrating future development largely within existing developed areas; · Foster and protect the community character of Pleasanton while encouraging appropriate economic development in accordance with the City's unique local conditions; · Allow the City to continue to meet the housing needs for all economic segments of the population, especially lower and moderate income households, by directing the development of housing into areas where services and infrastructure can be provided more cost effectively; and · Promote stability in long-term planning for the City by establishing a cornerstone policy within the General Plan designating the limits of long-term urban development but allowing sufficient flexibility to respond to the City's changing needs over time. E. In recognition of the holding capacity of the City of Pleasanton and in order to achieve the purposes set forth above, the Land Use Element of the General Plan adopted August 6, 1996 provides in Goal 1, Policy 15 and its related program the following: Policy 15: Maintain a maximum housing buildout of 29,000 units within the Planning Area. Program 15.1: Monitor and zone future residential developments so as not to exceed the maximum housing buildout. F. The General Plan has a policy that Pleasanton residents will participate in land-use planning and decision making and that Pleasanton residents will participate in the 2