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Greenbriar. New Cities is asking that there be three funding developers rather than two. He suggested that if Greenbriar wanted to develop now that it go forward with the cost and that New Cities be treated as a reimbursing developer until such time New Cities could go forward with Sycamore Heights and formulate an assessment district. He said New Cities supports Option 1 as recommended and to find a mechanism where all three funding developers can participate. Roger Manning, 1300 Happy Valley, encouraged Council to adopt the Finance Plan. One option of the golf course development was to use Alisal Street as a temporary access road until the by-pass road can be built. The neighbors would like to see the by-pass road built before the golf course opens in two years. Earl Bach, 446 Sycamore Road, felt the golf course should pay its fair share. He said his family has given up the land that its home sits on, Then his family was told that he must provide a pedestrian easement; the length of what is left of their property. He said the City not only expects his family to donate the land but to develop it as well. He hoped that his family would not have to pay higher fees to cover what the golf course should pay. He urged Council to adopt Option 1, so the costs are more fairly shared and asked Council to move forward as quickly as possible. Joanne Berson, 278! Vista Diablo Court, supported the Greenbriar project. She indicated she wants to live in Pleasanton but there are no new homes, only old homes. She would like the Council to support the project so new homes will be built. There being no further speakers, the public hearing was closed. Ms. Dem~is asked staff to comment on the assessment district and how it relates to New Cities Development concerns about being a funding developer versus being a reimbursement developer. Mr. Swift said New Cities is willing to be a funding developer if a funding developer plan includes all the properties up front going forward. This is not feasible with a funding mechanism such as a bond or an assessment without further approvals tYom the Council or indications that the properties are going to be developed. New Cities does not want to be the second funding developer and have to share in the cost of the infrastructure without the Lund property participating. There is no requirement in the Finance Plan presently requiring that the Lund property must participate at the same time. New Cities is happy to participate if all participate but feel it is unfair to shoulder a larger percentage of the total cost while the Lund property waits to develop at a future date. Ultimately all the developers will pay their fair share. He mentioned that he received a phone call from Mr. Macary who indicated that he was in favor of Option 1. Pleasanton City Council 7 11/03/98 Minutes