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(The Negative Declaration relative to this item was approved on 8T~gT.79~ by a vot. e of 3~Ayes, 1-No, 1-Absent) Mr. Harris presented his report dated December 4, 1979, regarding this matter. Mayor Brandes stated that the Stoneridge Homeowners had met with the developer regarding concerns of the homeowners. He stated that some of these concerns had been resolved as mentioned at the beginning of this meeting, and that others would be dis- cussed at the design review stage. Mayor Brandes stated there were still some questions about the intersection of Foothill and Stoneridge, and that further traffic studies would be required later on this matter. Mayor Brandes declared the public hearing open. Mr. Robert Eynck, representing Taubman Company, reviewed the meeting between his company, the homeowners, City Council representatives, and City staff, and stated that the following concerns had been worked out: (1) the developer has agreed to restrict the height of all the structures within the 26 acre parcel except the most westerly parcel containing approximately 5.58 acres to three stories in height but in any event no higher than 40 feet including any mechanical equipment or penthouse which~rill be properly screened; (2) the developer has agreed to restrict the uses within the 26 acre parcel on the north side of Stoneridge Drive except the afore- mentioned 5.58 acre parcel to office and related uses; (3) the developer has agreed to restrict signs for the aforementioned development in conformance with specific sign criteria; (4) the developer has agreed to notify and work with the representa- tives for the homeowners of any impending plans for the development of parcels along the north side of Stoneridge Drive; and (5) the developer has agreed to limit the curb cuts along the north side of Stoneridge Drive to Foothill Road to one right-in and one right-out access point. Mr. Eynck stated that discussions had taken place between representatives of his company and BART representatives regarding location of the BART line and station, and that at this time it is deemed appropriate to designate this as a "floating line". Fir. Eynck explained that BART was not certain when rail service would be extended to the Valley and that this designation would allow BART and the Shopping Center to study the matter to determine the best location for lines and a station when rail service is to become a reality. Mr. Tom Adams, Attorney representing the property owners of the 88 acres between the 26 acre parcel amendment and 1-680. He stated that Foothill Enterprises had no objection to the amendment, but wanted to be assured that the floating zone where BART wants to put their line and station would not impede any development of their property. He stated these property owners were interested in commercial development and did not want expansion to be impeded by a BART line or station. Mr. Bill Christensen, 7979 Hillsboro Court, President of Stoneridge Homeowners Association, stated that their concerns regarding the overlay had been resolved. He stated this group agreed to the conditions read into the record by Mr. Eynck. He added that the homeowners association would like to be notified of all future Plan- ning Commission and City Council meetings relative to the Shopping Center plans. Mayor Brandes instructed staff to be sure this was done. Mr. Harris explained the symbol for the floating BART line and station on the General Plan which will indicate there will be a BART station but it will not occupy any precise location at this time; the location will be determined at a time when necessary. 13. 12/11/79