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Councilmember Sullivan requested an explanation of the process for Option 3. Mr. Iserson explained the expanded review process and said the application would thereafter be required to go through the entire process again before the Planning Commission and City Council. Councilmember Sullivan referred to Option 1; the General Plan Update option, questioned whether or not the Council would understand the road map for Stoneridge extension and what the City has worked out with its regional neighbors before the General Plan was fully adopted. City Manager Fialho said this was one of the stated benefits of waiting. Councilmember Thorne clarified with the City Manager that the City will not necessarily know what will happen with Stoneridge Drive given the completion of the General Plan. City Manager Fialho said the reason the option is presented is for the Council to see generally how the City would look at build-out. Councilmember McGovern confirmed with the City Manager that if Option 3 is chosen, the process would not necessarily incur significant staff time if the developer takes the lead in holding meetings with the public and conducting surveys. Mayor Hosterman opened the item for public comment. Pete Knoedler of Regency, said their goal is to reach out to the community, conduct surveys and meetings, come up with a plan to bring amenities to the site that will benefit the community. Economically, there is significant cost in carrying the property and said they would like a determination sooner rather than later. Mayor Hosterman supported Option 1; however, she was also interested in removing Home Depot as an anchor tenant and asked for this to be placed on future agenda so the Council could address this. Mr. Knoedler said they would not have Home Depot as an anchor, but they wanted the ability to be able to amend the application. Mayor Hosterman questioned what Mr. Knoedler liked about Option 3. Mr. Knoedler said they will go through the entire environmental process again, but it is important because they can start the process now and work on it, whereas if other options were approved, it could be a long time out and he was afraid investors would not last. Mayor Hosterman said Regency had a project several months ago that was not economically viable and affected existing home improvement stores. She believed the Council needed to focus on other projects and if the application is tabled, she would not encourage the Council to address it over others that have moved forward, such as Staples Ranch. Councilmember Cook-Kallio disclosed her conversations with Mr. Knoedler and asked how long the process would take. Mr. Knoedler said it depends upon the environmental process and was not sure, but hoped it was less than a year. Councilmember McGovern questioned if it were possible to take Option 3 and put in it that Home Depot is removed as a possibility for an anchor store. City Attorney Roush recommended against this and suggested tabling the item as opposed to denying the application. He said Mr. Knoedler has indicated on the record that Home Depot is not going to be part of the amended application, and if for some reason it was brought back, the Council can deny the project. Naomi Jones thanked the Council for voting against the Home Depot at this site, said she did not want any sort of big box store on that corner, asked not to change the zoning for the property at the corner of Stanley Boulevard/Valley/Bernal, asked to do the East Side Specific City Council Minutes 5 February 5, 2008