21 ATTACHMENT 05 - Laserfiche WebLink

ATTACHMENT 5 THE CITY OF -:~I ^~.. ~M t t ..iu L~~S.I~NTC)~1~ MEMORANDUM Date: October 17, 2007 From: Jerry Iserson, Director of Planning and Community Development Subject: Public Meeting on the Proposed Regency Centers/Home Depot Project On May 15, 2007, the City Council held a public hearing on Regency Center's proposal for a 193,481 sq. ft. commercial center, including a Home Depot, Longs Drugs, and tenant spaces for other retail shops and restaurants on the property located at the intersection of Stanley Boulevard/Bernal Avenue/Valley Avenue. After holding the hearing, the Council voted to approve this project subject to conditions of approval by introducing the ordinance for approval. However, when the project subsequently returned to the Council for the second reading of the ordinance, staff felt that there were still some issues that needed clarification, additional information, and resolution. Therefore, the item was continued to enable staff to do additional research on these issues. Staff then formed an internal work group to identify and clarify these remaining issues. A community workshop was held on July 26, 2007 to review these questions and to take public input on additional questions and issues to be addressed. A number of additional questions/issues were identified at that meeting. Since the workshop, staff has worked to address these questions. Staff retained an economic consultant with direct experience in performing trade area analyses for retail stores, including home improvement stores. The objective was to determine from an objective viewpoint if there is a need for two Home Depot stores in Pleasanton from a market perspective, the likely impact of the proposed Home Depot on existing home improvement businesses in town, and to address related economic issues. Staff also hired a traffic consultant to conduct a supplemental traffic analysis for the project to address the additional traffic questions that had been raised, including an analysis of weekend traffic and of traffic impacts if the existing Home Depot on Johnson Drive were to close. These reports have been prepared and used to respond to the questions raised. Finally, staff explored the operational issues which were raised concerning the proposed project, such as truck delivery routes and enforcement. Staff will present the results of the reports at the meeting, as well as the responses to the entire list of questions raised. The list of questions and issues with responses is attached.