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Councilmember Cook-Kallio questioned and confirmed the developer is requesting time in order <br />to involve the community, explore uses, and conduct further analysis. <br />Councilmember McGovern referred to Option 3 and confirmed with staff that the developer <br />could work out his plans, work with the community with no time limit as to when it must return. <br />Councilmember Sullivan requested an explanation of the process for Option 3. Mr. Iserson <br />explained the expanded review process and said the application would thereafter be required to <br />go through the entire process again before the Planning Commission and City Council. <br />Councilmember Sullivan referred to Option 1; the General Plan Update option, questioned <br />whether or not the Council would understand the road map for Stoneridge extension and what <br />the City has worked out with its regional neighbors before the General Plan was fully adopted. <br />City Manager Fialho said this was one of the stated benefits of waiting. <br />Councilmember Thorne clarified with the City Manager that the City will not necessarily know <br />what will happen with Stoneridge Drive given the completion of the General Plan. City Manager <br />Fialho said the reason the option is presented is for the Council to see generally how the City <br />would look at build-out. <br />Councilmember McGovern confirmed with the City Manager that if Option 3 is chosen, the <br />process would not necessarily incur significant staff time if the developer takes the lead in <br />holding meetings with the public and conducting surveys. <br />Mayor Hosterman opened the item for public comment. <br />Pete Knoedler of Regency, said their goal is to reach out to the community, conduct surveys <br />and meetings, come up with a plan to bring amenities to the site that will benefit the community. <br />Economically, there is significant cost in carrying the property and said they would like a <br />determination sooner rather than later. <br />Mayor Hosterman supported Option 1; however, she was also interested in removing Home <br />Depot as an anchor tenant and asked for this to be placed on future agenda so the Council <br />could address this. Mr. Knoedler said they would not have Home Depot as an anchor, but they <br />wanted the ability to be able to amend the application. <br />Mayor Hosterman questioned what Mr. Knoedler liked about Option 3. Mr. Knoedler said they <br />will go through the entire environmental process again, but it is important because they can start <br />the process now and work on it, whereas if other options were approved, it could be a long time <br />out and he was afraid investors would not last. Mayor Hosterman said Regency had a project <br />several months ago that was not economically viable and affected existing home improvement <br />stores. She believed the Council needed to focus on other projects and if the application is <br />tabled, she would not encourage the Council to address it over others that have moved forward, <br />such as Staples Ranch. <br />Councilmember Cook-Kallio disclosed her conversations with Mr. Knoedler and asked how long <br />the process would take. Mr. Knoedler said it depends upon the environmental process and was <br />not sure, but hoped it was less than a year. <br />Councilmember McGovern questioned if it were possible to take Option 3 and put in it that <br />Home Depot is removed as a possibility for an anchor store. City Attorney Roush recommended <br />against this and suggested tabling the item as opposed to denying the application. He said Mr. <br />City Council Minutes 5 February 5, 2008 <br />