RES 95131 - Laserfiche WebLink

CITY COUNCIL OF THE CITY OF PLEASANTON ALAMEDA COUNTY, CALIFORNIA RESOLUTION NO. 95-13 1 RESOLUTION AMENDING STRATEGY lc OF THE DOWNTOWN PLEASANTON SPECIFIC PLAN REGARDING FINANCIAL INSTITUTIONS WHEREAS, at its meeting of November 21, 1995, the City Council reviewed the report of the Director of Planning and Community Development (SR 95:390) regarding financial institutions in the downtown area of Pleasanton; and WHEREAS, Council deemed it appropriate to mend its existing policies. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON RESOLVES AS FOLLOWS: Section 1: Strategy lc of the Downtown Pleasanton Specific Plan is mended to read as follows: "STRATEGY lc. Encourage financial institutions to locate a branch in the Downtown. Financial institutions are desirable in Downtown and provide three vital components of commercial activity in the Downtown. First, these institutions dispense cash for potential Downtown shoppers. Most successful downtowns feature several financial instiimtions with cash machines located to serve the downtown market. Second, financial institutions, especially banks, generate foot traffic which, in turn, generates the potential for retail sales. Third, financial institutions provide a local employment base which generates local retail spending before, during and after work hours. All three of these factors contribute to fulfilling the goals and policies of this Specific Plan. At the same time, financial institutions compete for a limited amount of valuable frontage which could be used for retail uses in the Downtown area. To the extent that existing financial institutions are successfully satisfying demand for financial services in the Downtown market area, they should be encouraged to remain."