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259 Mr. Swift stated that the Committee is in the process of hiring an architect for a plan that the Committee has already taken to the Council for preliminary review. The plan calls for a mixed- use project that would include 200 moderate and low income rental units. It does not include any very low income units because the subsidy that is necessary to reach that level is very great, and that level of subsidy is not available at this time. The project should be completed in three to four years. Mr. Tarver requested clarification of a statement in the Staff Report that traffic constraints is not a problem in the short term, in relation to the levels of service for the following areas, based on Table V.a-10 of the Growth Management Report on Pleasanton Short-Term Traffic Impact Study, Baseline Traffic Conditions: Foothill Road at Canyon Way - F; Hopyard Road at Owens Drive - 0.90, D; Santa Rita Road at Stoneridge Drive - 0.90, D; Santa Rita Road at Valley Avenue - 91, E; and Stoneridge Drive at Stoneridge Mall Road - F. Mr. Swift explained that all the areas mentioned have been mitigated to 'much better levels of service, as indicated in the "Mitigated" line below each area. Ms. Mohr inquired if the afternoon Level of Service D at three intersections are a result of people employed in the City exiting the City. Mr. Swift replied that the "D" is a combination of inbound and outbound traffic. He added that as the City and the Valley build out and future mitigations increase the outbound capacity, the inbound lanes become the critical lanes, as is the case for the Hopyard Road/Owens Drive intersection. Ms. Mohr inquired how much time it would take to make an evaluation of the new Hacienda Drive Interchange. Mr. Swift replied that the Tables presented in the Growth Management Report include an analysis with the Hacienda Drive Interchange. He stated that when the City took a traffic count of the Stoneridge Drive Interchange a month after it opened last year, the full impact of the Interchange was not included because there is much more traffic using the Interchange this year than there was last year, which can be accounted for by new development. He added that it takes some time before people learn that a new interchange has been opened. Mr. Mercer stated that 343 units have already been appropriated from past Growth Management allocations. He indicated his preference for Option 3, "Moderate Growth" Scenario, with a - 13 - 6-18-91