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389 6. REPORTS OF THE CITY ATTORNEY Item 6a Amendment to Foothill/SAB Amended Development Deferment Agreement and to the Mozart Amended Development Deferment Agreement Mr. Roush presented his report (SR 90:304) regarding the matter. It was moved by Mr. Brandes, and seconded by Mr. Butler, to approveAmendment No. 1 to the Foothill/SAB Deferment Agreement and Amendment No. 6 to the Mozart Deferment Agreement, as set forth in the Staff Report. The roll call vote was as follows: AYES: Councilmember Brandes, Butler, Mohr, Tarver and Mayor Mercer NOES: None ABSENT: None ABSTAIN: None Item 6b Reimbursement Agreement with Crocker Properties, Inc. (Wells Fargo Bank) for Stoneridge Corporate Plaza II Mr. Roush presented his report (SR 90:306) regarding the matter. Ms. Alice Waterman, Manager of Stoneridge Mall, 1 Stoneridge Mall Road, representing the Taubman Company, indicated that she was in favor of the Wells Fargo development but expressed concern about the post assessments. She explained that when Stoneridge was initially approved, the Taubman Company was granted full entitlement to develop the regional shopping center in phases and that it has always been envisioned that it would be anchored by five major department stores. The infrastructure, water lines, utilities and roadways necessary were installed then. She stated that she felt the Taubman Company should not be subjected to the Reimbursement Agreement. Mr. Brandes commented that everyone in Stoneridge would like everything in the area to function properly and that the last party to come in should not be made to pay for what is necessary to make it work. He added that the Reimbursement Agreement is in the best interest of the City and Taubman Company. 7-23-90 - 13 -