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Mayor Pico asked if the delay was City-caused that prevented processing of the final map. Ms. McKeehan did not believe so, however, it is an issue that the developer is likely to raise. Mayor Pico was concerned that this was setting a precedent. If the project is delayed, how does that affect the bypass road, since the Spotomo family is not ready to proceed? Mr. Swift said the planned bypass road goes through both the New Cities and Spotorno properties, so both properties would have to be developed. Ms. McKeehan believed the question was since the Spotomos are not ready to proceed, what impact would the New Cities project have? Until the Spotornos have a plan, that is not known. Another plan could come through at the same time the Spotornos are finally ready to proceed. Mr. Brozosky asked if New Cities could submit a new plan immediately or is there a one year waiting period. Ms. McKeehan said it could resubmit immediately or it may decide to review the plan and make some changes before resubmitting. Mayor Pico asked if the developer must resubmit, would the negotiations for amenities and other PUD related items be open? Ms. McKeehan agreed. Mayor Pico believed this was an opportunity to proceed with the project as already planned, or have an opportunity to take another look at it and the amenities to be provided to the City. Mayor Pico declared the public heating open. Fred Bates, 8650 River Meadows, Carmel, representing New Cities, responded to some of the questions raised earlier. He said there are three split-level lots that could allow custom homes. The square footage of the production homes is 3,600-4,500 square feet. He could not say what the selling price would be considering the current market. He noted his project is subject to the Sycamore Financing Program. CJreenbriar just spent $13 million on infrastructure for the area. New Cities must reimburse Greenbriar about $4.5 million. Regarding the extensions, he said the vesting tentative map approval was subject to the annexation of the Happy Valley area. The call for annexation vote did not happen in the originally anticipated manner. It was about a year and a half later and only then could the development go forward. By that time, the vesting tentative map was almost expired, so an extension was requested. The map was submitted for plan check in November 2001. About March 2002, the process was slowed by New Cities due to the changing market conditions. In August, he tried to step up the Pleasanton City Council 10 03/18/03 Minutes