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COMMISSION/COMMITTEE RECOMMENDATIONS Planning Commission The Planning Commission recommended approval of the project at its meeting of December 13, 2006. Economic Vitality Committee The Economic Vitality Committee reviewed the proposal at its meeting of January 18, 2007 and voted to recommend it to the City Council. RECOMMENDATION 1. Find that the proposed project will not have a significant environmental impact and that the Mitigated Negative Declaration is appropriate by approving the draft resolution for Exhibit E, the Initial Study/Mitigated Negative Declaration (Attachment 4); 2. Find that the proposed project conforms to the Pleasanton General Plan; 3. Make the PUD Development Plan Findings as stated in the December 13, 2006 Planning Commission staff report (Attachment 7) and approve the draft ordinance for PUD-81-25-7M, subject to Exhibit B, Draft Conditions of Approval (Attachment 1); 4. Make the Conditional Use Permit Findings as stated in the December 13, 2006 Planning Commission staff report (Attachment 7) and approve the draft resolutions for PCUP-165, subject to Exhibit C, Draft Conditions of Approval (Attachment 2), and for PDR-529 subject to Exhibit D, Draft Conditions of Approval (Attachment 3). FINANCIAL STATEMENT The project developer will construct improvements to the Santa Rita Road/Valley Avenue/Bernal Avenue intersection to mitigate this intersection's level-of-service to General Plan standards; will pay traffic impact fees that will be applied to other impacted City intersections; will pay for a radar speed detection sign to be placed on Valley Avenue; will pay for the cost of noise-attenuating pavement on Valley Avenue above the cost of standard paving material; and, as conditioned, will participate in the formation of the improvement district to pay for the construction of the future EI Charro Road/Stanley Boulevard intersection and will pay its share of the intersection's construction costs. The developer will also pay the commercial school impact fee for this development. Lastly, this development will be beneficial to the City from an economic development perspective as it will generate property and sales taxes, a portion of which will go to the City and will be applied to City services as the City reaches buildout. Page 2 of 22