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ATTACHMENT 5 MEMORANDUM OF UNDERSTANDING STAPLES RANG Dated• PR t ~ t 8 20!16 WHEREAS, The ALAMEDA COUNTY SURPLUS PROPERTY AUTHORITY ("SPA") owns approximately 124 acres known as the remasnder of Staples Ranch ("Staples Ranch") {described in Exhibit A) which lies within the Sphere-of- Influence of the CITY OF PLEASANTON ("CITY"); and WHEREAS, the SPA intends to sell Staples Ranch and seeks certain development entitlements from and annexation to CITY precedent to such sale; and WHEREAS, Staples Ranch lies within the planning boundary o£the CiTY'S Stoneridge Drive Specific Plan ("Specific Plan") which at the time of its adoption in 1989 set forth the land uses and development requirements for Staples Ranch; and WHEREAS, there have been changes in surrounding land uses not contemplated at the time of the adoption of the Specific Plan (e.g. cessation of quarrying operations to the south, extension of airport protection area and clear zones to the east, and adoptio~mplementation of the Eastern Dublin Specific Plan to the north) as well as changes to the types and funding far some infrastruchue improvements originally contemplated (including Arroyo Mocho improvements and Ei Charro Road and interchange improvements); and WHEREAS, the CITY is undertaking a comprehensive review of its General Plan and has identified bath land use and circulation issues that may conflict with the continued adherence to land use, circulation and other issues in the Specific Plan; and WHEREAS, notwithstandingthat the CITY has asked all property owners to refiain. from seeking individual General Plan amendments until the comprehensive review has been completed, there is an opportunity to amend the Spec Plan in order to allow for a development plan far the Staples Ranch that is mutually benefiaal to both SPA and the CITY; and WIHEREAS, the SPA wishes to proceed with comprehensive changes to the Specific Plan to allow its sales process to mwe forward in advance of completion of the CITY' S General Plan Update, recognizing that it would do so in a manner consistent with the existing Gena~al Plan but recognizing the potential for, and providing the flexibility for, possible fugue General Plan changes; and WHEREAS, the CITY recognizes the need to amend the Specific Plan to reflect the changes since its adoption and believes it can review potential changes to the Specific Plan without compromising its overall review of the General Plan; and