CCMIN061990 - Laserfiche WebLink

297 Mr. Avner Naggar, architect for Stoneridge and Senior Vice President of Taubman Company, stated that his company controlled the planning and development of the Stoneridge area as a regional retail development. He indicated that he supported the proposed development and that it would be an asset to Stoneridge. He expressed concern that the proposal to introduce traffic signals on the ring road would defeat the purpose of dispersing traffic and alleviating congestion, thereby jeopardizing the commercial activity level of the shopping center. He then introduced Mr. Neal Liddicoat of Barton-Aschman Associates to discuss the traffic aspects of the Stoneridge area. Mr Neil Liddicoat stated that the ring road is essential to the successful operation of the mall because of its role of distributing traffic along the mall area and preventing the concentration of congestion that may result from excess signalization along the ring road. He expressed concern about the recommendation to install five traffic signals along 2,400 feet with a spacing of about 500 feet to 700 feet between them, when the ideal generally acceptable and recommended space between traffic signals is 1,300 feet. Mr. Robert Cordtz, 262 West Angela, indicated his support for the project, and welcomed Wells Fargo as a corporate citizen. He proposed, as a member of the Convention and Visitors Bureau, that Wells Fargo consider a convention center instead of a hotel to host conventions that come to the City. There being no further testimony, Mr. Mercer declared the public hearing closed. It was moved by Mr. Brandes, and seconded by Mr. Mercer, that Resolution No. 90-112 be adopted, based on a review of an initial environmental impact study done for this project and on a finding that no significant environmental impact would occur as outlined in the City's guidelines and on a further finding that a negative declaration is appropriate in connection with AP-90-7, PUD-81-22-6M, the application of Mozart Development Company and Wells Fargo Bank for a major modification to an approved development plan and final development plan approval for a 604,750 square foot five-building, five-story office complex and ancillary uses, including a helipad atop one building and a potential child care center on a 27.8 acre site located easterly of Stoneridge Mall Road between Fabian Court and Embarcadero Court. The roll call vote was as follows: AYES: Councilmembers Brandes, Mohr, Tarver and Mayor Mercer NOES: None ABSENT: Councilmember Butler ABSTAIN: None Mr. Brandes commented that Wells Fargo has a fine record of being a responsible corporate citizen and that it will provide financial stability in the community. He recommended that the project be approved. - 21 - 6-19-90