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developments as quickly as possible. He was afraid that if the city tries to negotiate for a better site when the proponies are going for substantially more money for commercial and office projects, the City will be put out of the market. This is not the best property, but it can be used for a park now for the people who are living them. If we don't get property soon, we may not be able to afford it and almmatives wffi be eliminated. He urged Council to get something done soon. Ms. Dennis agreed five acres was probably not enough for a neighborhood like this. She asked if it were possible to purchase acreage in Lot 60 to link the two parks together. Mr. Swift indicated the City had the fight to acquire any property through eminent domain, but it must pay fair market value for anything more than what the park dedication ordinance requires. If the Spanos project stays at its current size and number of units (which it won't if you take five acres out for a park), that would translate to the 4.7 acres. If you reduce the size of the project, you also reduce the mount of land you can require to be dedicated for park land. Anything beyond the dedication can be purchased by Council. To buy and improve the park would take more in-lieu fees away, but it is up to Council to determine how those fees will be spent. Council has already used fees generated by the north Pleasanton development for community parks. Staff felt because of the demographics it was more useful to have a community park. Ms. Michelotti wanted to get on with this park. Opportunities have slipped away in the past. Demand is increasing for property in Hacienda. The Economic Development Advisory Committee has recommended that land in the business remain zoned for commercial/office. She disagreed with previous speakers and feit it could be a good park site. It is close to the neighborhood. She is not closed to considering other alternatives, but did not want to wait forever. Ms. Acosta indicated Council could accept this site as a neighborhood park site and still continue to look at other sites as the Spanos application is reviewed. Mr. Pico felt the City had the money to buy eight acres if it wants and should buy the biggest and best site for a neighborhood park in this area. We can acquire it and then look at how it is developed later. He preferred the larger acreage in Lot 60 and tying it into the linear park and the housing. Mr. Tarver did not disagree, but wanted to do it now before the price goes out of sight. R was moved by Mr. Pico, seconded by Mayor Tnrver, to dlreet staff to explore aequiring a seven to eight acre neighborhood park site in Lot 60 in Hneiendn Business Park and report back in a timely bash. 01/16/96 -19-