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BACKGROUND Over the years, Pleasanton has realized much success in creating a diverse and vibrant business climate. The city has many strengths that attract businesses to our community, among them our central location in the Bay Area, excellent transportation accessibility, a highly-educated and skilled work force, good access to higher education and ahigh- profile community with an exceptional quality of life. As significantly, Pleasanton has infrastructure for business opportunities. Through public and private investment, a quality foundation has been established for business growth. All of these economic development elements have been supported by the ongoing implementation of the City's Economic Development Strategic Plan. The completion of projects that are under construction or in the planning stages will continue to solidify the city's economic base. Combined with the expansion of businesses and the opening of new companies, collectively these enterprises provide new opportunities for shopping, dining and entertainment as well as business-to- business commerce. And while Hacienda Business Park remains the city's largest job center, economic development activity is taking place throughout the community. Following is an overview of some recent projects: Hacienda Business Park Roche Molecular Diagnostics Pleasanton is the global headquarters of Roche Molecular Diagnostics. The April 2008 opening of the research and development facility represented the final phase of consolidation of RMD's West Coast operations into one campus and brought the number of employees to 500. The new building is a 3-story 138,172 square foot structure designed and built by Bay Area firms DES Architects + Engineers of Redwood City and DPR Construction of San Francisco. The building and surrounding campus incorporate features designed to integrate with operational improvements that qualified for LEED certification; this is first among all Roche buildings to become LEED certified. RMD also contributed to the city's public art inventory with 'Human Helix' showcased at the Hacienda Drive entrance to the campus. 24-Hour Fitness Super Sport Club The existing 24-Hour fitness facility located on West Las Positas Boulevard will be relocated to the former Tri-Valley Herald building on Willow Road, which has been vacant since early 2008. The 23,400 square foot building will be expanded and upgraded to become a 56,000 square foot, two-story 24-Hour Fitness Super Sport Club. The new facility will offer a main gym; indoor swimming pool, spas and sauna and steam rooms; indoor basketball court; cardio exercise room; group exercise rooms; men's' and women's' locker rooms; and a Kids Club area. Construction will begin in early 2009. Oracle Oracle already had existing entitlements to build on the site, and is currently under construction on a 5-story 181,000 square foot building-a mirror image to the existing Page 2 of 8