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MINUTES PLANNING COMMISSION JULY 13, 1983 Page 11 Commissioner Wilson asked if a bank was located in the regional shopping center would that institution be allowed a branch office in a neighborhood shopping center. Mr. Swift indicated they would not and that if you wished to locate a branch in the neighborhood shopping centers, you would first have to have a branch in the downtown area. He indicated that financial institutions were anticipated around the regional shopping cener. Commissioner Wilson felt that the resolution governing banks in the downtown area should be cleaned up. Larry Lindsey, 1975 Foxswallow Drive, indicated that when one applies for a charter from the State, a location must be furnished. Larry Lindsey feels that there are many locations in the downtown area still appropriate for financial institutions. Commissioner Getty, as a member of the California Downtown Association, stated that there are several cities adopting ordinances similar to the resolution adopted by the City of Pleasanton. She felt that employees of these institutions patronize restaurants and other establishments in town. She also indicated that customers of the banks are inclined to shop in the downtown area when going to or from banks. She also felt that Wells Fargo should be located downtown instead of in a neighborhood shopping center. Chairman Jamieson then opened the subject for public comment. Mike Cardwell, Coast Federal Savings, referred to his letter given to the Planning Commission requesting they recommend a waiver of policy as requested. He said they will maintain their office in the downtown area but that the branch office is being offered for sale and there are potential buyers for the site who do not have a branch in downtown. Commissioner Doherty asked Mr. Cardwell what is wrong with the accounts being transferred to their downtown location and using the vacant space in the shopping center for another use unrelated to financial institutions. Mr. Cardwell explained. He did say that Commissioner Doherty's suggestion is their second choice and would do so if they absolutely had to. He asked for special consideration of his circumstances. No one else addressed the Planning Commission on this item.. Assistant City Attorney, Brian Swift, explained that the City Council would like the Planning Commission to review the Resolution and that this is a major reason it is before the Commission. He indicated a recommendation could be made on the resolution and another recommendation made with regard to the request for waiver of Coast Federal Savings. -11-