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BACKGROUND San Francisco Bay Area Rapid Transit District (BART) and Pleasanton have long planned a BART station near Stoneridge Mall (known as the West Dublin/Pleasanton BART station). Due to funding constraints, BART was unable to construct the West Dublin/Pleasanton BART station at the same time it constructed the East Dublin/Pleasanton BART station. In an effort to finance the construction of the West Dublin/Pleasanton BART station, BART later entered into apublic/private partnership with West Dublin/Pleasanton Station Venture (a joint venture between Jones Lang LaSalle and Ampelon Development Group) and the cities of Pleasanton and Dublin. In 2000, BART, the cities of Pleasanton and Dublin, and Alameda County entered into a Memorandum of Understanding (MOU) to help finance the station. BART also sold and entered into long-term ground leases for the private development of its properties adjacent to the station. In sum, these revenues enabled the station to be built. The two-story BART station building will be located in the median of Interstate-580 (1- 580) and connect to the BART-owned parcels in Pleasanton and Dublin by pedestrian bridges. Construction of the BART station started in the summer of 2007 and should be finished in 2009. Construction of afour-story/five-level BART parking garage on both the Pleasanton and Dublin BART properties is also underway and should be completed at the end of 2008. BART and West Dublin/Pleasanton Station Venture have created plans for amixed-use development on the BART-owned parcels that are adjacent to the BART station. On the Pleasanton side, the applicant is requesting to construct amixed-use, 350-unit apartment and approximately 14,000-square-foot commercial/retail development. In Dublin, the private development includes a 150-room hotel, a 309-unit apartment project, and a 7,500-square-foot commercial building. The private development of the adjacent BART-owned lands is subject to city review and approval. The development on the Pleasanton side was reviewed by the Pleasanton Planning Commission at workshops held on May 9, 2007, and August 22, 2007. For a detailed description of the discussion at these meetings, please see the attached Planning Commission staff report and minutes. The Planning Commission reviewed and recommended approval of the General Plan Amendment and PUD rezoning and development plan at its meeting of April 23, 2008. The applications are now before the Council for final action. SITE DESCRIPTION The BART-owned site is an approximately 8.5-acre site between I-580 and Stoneridge Mall Road. The proposed apartment/commercial development would be located on an approximately 6.9-acre parcel (outlined in red on the graphic on the following page), while the BART parking garage is located on an approximately 1.2-acre parcel and the existing BART electrical substation with concrete block enclosure is located on an approximately 0.3-acre parcel. The development area of the site under consideration is relatively flat and contains non-native grasses and a grove of trees towards its center. Street trees are also located along the Stoneridge Mall Road frontage. Page 3 of 9