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influenced by many things, some of which are beyond the City's control. With regard to the long term effect of residential development, that is the subject of considerable debate. If you consider only the property tax dollar, there are formulas that suggest that after ten years, the house no longer pays for necessary infrastructure resources. However, that doesn't mean a city would not want to build houses. People who live here shop here and them is a trickle down effect involving sales taxes, power in the business community, etc. Final decisions on the number of allowed dwelling units are not made based on a positive or negative cash flow because too many elements are involved. She reiterated that after a certain point in time, housing is not a revenue generator for the City. However if only revenue generators are built, this would be a city of only industry and that is not desirable. Mayor Tarver asked what facilities are on the master list? Ms. Acosta listed the following: Fire Station 1, downtown parking, new landscaped medians, additional parkland improvements, a community park in the north end of town, open space by the Presley property, a park in south Pleasanton, Vineyard Avenue Corridor community park, Vat Vista Community Park expansion, Alviso Adobe community park, the aquatic center community room, reuse of the Railroad Avenue fire station, lease payments for the animal shelter, expansion to preschool, park maintenance satellite service yard, community trails, City Hall, community center, library expansion and expansion of the Operations Service Center. Mayor Tarver said there were a couple of items that would require finding property to purchase and asked what the cost would be in the future. Ms. Acosta said it would be more than today. Jennifer Hosterman, 2922 Chardonnay Drive, indicated she was very excited about Measure I and was in total support of it. She admitted many people have questions but the acquisition of the property is an awesome opportunity that should not be missed. She believed that what is good for the community is good for local business. The Bemal Property Specific Plan was good for the City of San Francisco and purchasing this property will be an opportunity to decide what is best for Pleasanton. She strongly urged construction of a fourth high school on the property and felt there was an opportunity to work with the School District to accomplish that. She reiterated that committee members would be in the community and urged people to contact them for more information or to contact the City. Cindy McGovem, 9206 Longview Drive, referred to the jobs/housing imbalance and said in 1973 Pleasanton was a bedroom community. There was then an increase in commercial development, including the Hacienda Business Park. She believed that the jobs/housing balance needs to be viewed on a regional level. She indicated the City would not be bankrupt and there would still be the usual public services. She referred to Ms. Acosta's explanation of the various funding mechanisms to construct the public facilities on the property. She then referred to comments made about the rush to get this Pleasanton City Council 12 02/15/00 Minutes