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44 <br /> <br /> the Business Park, of which $115 million is for streets and <br /> interchanges used by all the citizens of Pleasanton as well as <br /> drivers from everywhere else. <br /> <br /> Hacienda Business Park is now faced with the likelihood that <br /> it will not be able to develop a substantial amount of its land if <br /> the remainder of its land is not considered to be an approved <br /> project, such as the other large projects like the Stoneridge Mall <br /> and the Wells Fargo project. Primarily, this problem is due to <br /> projected Levels of Service at three intersections only, despite <br /> all feasible mitigation being planned and funded at those <br /> intersections by the North Pleasanton Improvement District. The <br /> 1986 Pleasanton General Plan traffic model projected build out at <br /> Hacienda, as well as the entire city, to be accomplished without <br /> reaching LOS .91 at any intersection for which Hacienda and North <br /> Pleasanton businesses are responsible. Three North Pleasanton <br /> assessment districts were formed on this information. However, the <br /> unfortunate fact is that due to some inaccurate assumptions used <br /> for that model about such variables as the extent of Pleasanton <br /> residents' out-commuting, the high impact on interchanges and major <br /> intersections by cross-commuters using Pleasanton streets between <br /> 1-580 and 1-680, the projected impact of an end of the line BART <br /> station and other unforeseen changes in the General Plan that are <br /> traffic producing, it appears that Hacienda will not be able to <br /> proceed to completion under the present traffic conditions without <br /> at least a temporary encroachment of the.LOS .91 condition at one <br /> or more of these intersections. <br /> <br /> Staff has listed a number of options by which Council can <br /> address this issue. Essentially, Hacienda Business Park and other <br /> North Pleasanton Improvement District property that have not yet <br /> built are stating that they have satisfied all of the traffic <br /> mitigation measures requested of them and that the NPID has funded <br /> and built the street and freeway network called for in the current <br /> General Plan and is still required to participate in further <br /> funding of other mitigation measures, such as a West Las Positas/I- <br /> 680 interchange when and if the City determines the need and <br /> desirability of such mitigation. We believe that in all fairness <br /> to Hacienda and other NPID property owners which have met their <br /> commitments as requested by the City over the last thirteen years, <br /> that they should be allowed to withdraw from what the staff calls <br /> the "race for traffic capacity". Hacienda should not be compared <br /> to undeveloped land that has made no contribution to Pleasanton's <br /> traffic network and is still subject to the Council's jurisdiction <br /> as it relates to appropriate densities and funding of mitigation. <br /> <br /> In order to ensure the economic feasibility of carrying such <br /> a large project such as Hacienda for an extended period of time, <br /> Hacienda needs to know that it can go forward at the slower pace <br /> that economic conditions currently clearly indicate will be in <br /> effect for many years to come, without the uncertainty that some <br /> great or small portion of this land will not be developed due to <br /> <br /> 5/19/92 12 <br /> <br /> <br />