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ATTACHMENT 2 <br />THE CITY OF Planning Commission <br />~ ~ <br />_~ ~ ~ a '- --- Staff Report <br />... <br />j ,~ ~~~~~~~~ September 26, 2007 <br />1~-~' Item 5.a. <br />SUBJECT: PDAM-1 <br />APPLICANT: BRE Properties, Inc. <br />PROPERTY OWNERS: BRE Properties, Inc., WP Carey, Shaklee, Roche Molecular, <br />Pleasanton Paper LP, Oracle, SafeAmerica Credit Union, Walmart, <br />and 1st United Services Credit Union. <br />PURPOSE: Application for a modification to the Development Agreements for <br />Hacienda Business Park to extend the Agreement for afive-year <br />period from 2008 to 2013 for nine properties within Phase I and <br />Phase II of the Park. <br />GENERAL PLAN: Business Park (Industrial/Commercial and Office) <br />ZONING: PUD-I/C-O <br />LOCATION: 5901 and 6001 Gibraltar Drive; 4225 and 4300 Hacienda Drive; <br />5800 and 5801 Owens Drive; 4501 Rosewood Drive; and <br />4747 Willow Drive. <br />ATTACHMENTS: 1. Exhibit A: Third Amendment to Phase I and Phase II <br />Development Agreements between the City of Pleasanton and <br />Prudential Insurance Company of America <br />2. Exhibit B: Second Amendment to Phase I and Phase II <br />Development Agreements <br />3. Exhibit C: First Amendment to Phase I and Phase II <br />Development Agreements <br />4. Exhibit D: Phase I Development Agreement <br />5. Exhibit E: Phase II Development Agreement <br />6. Letter from Bradley P. Griggs to Nelson Fialho, dated May 15, <br />2007, requesting extension <br />BACKGROUND <br />On December 6, 1983 the City Council adopted Ordinance No. 1113 approving the original <br />Development Agreement between the City of Pleasanton and the developer Callahan-Pentz <br />Properties, Pleasanton, a California General Partnership. This Agreement outlined the facts, <br />understandings, and intentions related to the development of the Hacienda Business Park <br />PDAM-1, BRE Properties, Inc <br />Planning Commission <br />Page 1 of 4 <br />