RES 87541 - Laserfiche WebLink

CITY COUNCIL OF THE CITY OF PLEASANTON ALAMEDA COUNTY, CALIFORNIA RESOLUTION NO. 87-541 RESOLUTION AMENDING ESTABLISHED POLICY WITH RESPECT TO THE LOCATION AND CONSTRUCTION OF FINANCIAL INSTITUTIONS INCLUDING BANKS, SAVINGS AND LOAN ASSOCIATIONS, FINANCE COMPANIES, CREDIT UNIONS AND RELATED SERVICES WHEREAS, at its meeting of March 12, 1973, Council adopted Resolution No. 73-34 establishing the policy regarding banking institutions in the downtown area of Pleasanton; and WHEREAS, since that time, circumstances have made it necessary to re-evaluate the policy to determine whether it should be amended or remain unchanged; and WHEREAS, the Director of Planning and Community Development presented a report (SR 87:530) to Council examining the current situation and presenting various alternatives; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON RESOLVES AS FOLLOWS: Section 1: Council hereby amends Resolution No. 73-34, by establishing the following policy: 1. No bank, savings and loan, or financial institution shall locate a facility outside the downtowna rea, except in the C-R (Regional Commercial) District, unless a. it has an existing facility in the downtown area, or b. there are at least eight (8) banks, savings and loans, and financial institutions in the downtown area. 2. The existing banking institutions and savings and loans shall have the right to move out of downtown, and, if for any reason a bank or financial institution vacates downtown, until that number is back at eight, no other banking institution will be allowed to locate outside of downtown (except for the C-R District). 3. So long as the number of financial institutions in the CBD remains at a minimum of eight, other financial institutions may locate outside of the downtown area wherever zoning and conditional uses permit.