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BACKGROUND The City is currently reviewing development applications for the Staples Ranch Development including an auto mall, continuing care community, retail center neighborhood park and community park including an ice skating facility. Staples Ranch is approximately 124 acres of undeveloped land located outside the City limits, but within the City's Sphere of Influence and Urban Growth Boundary. Staples Ranch is also part of the larger 293 acre Stoneridge Drive Specific Plan area. The Stoneridge Drive Specific Plan was adopted by the City in 1989. As part of the Staples Ranch review process, the Council is desirous of knowing the fiscal impacts to the City of the project (both additional revenues and additional expenditures). To meet this need, staff is recommending entering into an agreement with Mundie and Associates to complete a fiscal impact study with the following tasks: . Accurately define the full nature and scope of the proposed development and identify potential revenue sources and fiscal issues; . Review of the City Budget and project financial information and identify future City services and capital outlays that may be required to support the development; . Prepare revenue projections and financial assumptions for the proposed development; . Estimate changes to revenues currently received from the Pleasanton Auto Mall and Mercedes- Benz of Pleasanton and factor these existing revenues into the fiscal analysis for the proposed development; . Evaluate the impacts of redeveloping the current Hendrick and Mercedes-Benz sites; . Preparation of a final report. Based on the quality of the proposals including the proposed fees, staff is recommending Mundie and Associates for this project. Mundie & Associates has considerable experience providing fiscal analysis related to new development and redevelopment and as a result, it well qualified to complete this work. DISCUSSION The Staples Ranch development has the potential of having a significant fiscal impact on the City. Staff is attempting to accurately assess this impact so the Council and public can consider it as part of the project review process. The fiscal impact analysis study will meet this need and help the City with its long range fiscal planning. The study is not required as part of the review process but is recommended by staff to generate additional project information. The consultant will also be available to provide the study results to the City Council at a public meeting. Page 2 of 3