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Retail Center Fremont Land, the developer of the 11-acre retail site, will be submitting revised plans for a shopping center. Continuing Life Communities Continuing Life Communities (CLC) has submitted a PUD application for a full continuum of care community for seniors. The 45-acre project incorporates approximately 760 units spread among one-story villas, amulti-story apartment building and a health center. Downtown Firehouse Arts Center Demolition of non-original firehouse is already complete and the new structure is under construction, scheduled to open in early 2010. The facility will include aflexible-seating black box theater, art gallery space, and classroom space. The project incorporates public art in both the center's signage and in two glass marquees to anchor the west and east sides of the building. This amenity will add to the economic vitality of downtown, as well as encourage the extension of Main Street to Division Street and Railroad Avenue. Alameda County Transportation Corridor The City's acquisition of the portion of corridor from Bernal Avenue to Ray Street (Phase 1) will-over time-add an estimated 300 parking spaces to the downtown district. Lions Wayside and Delucchi Parks Implementation of the Downtown Specific Plan and the Downtown Parks and Trails Master Plan will integrate the parks and the transportation corridor to accommodate walking and biking trails. DISCUSSION To remain competitive, it is important to build upon these strengths while realistically addressing challenges that can be directly influenced by the City. In particular, as the costs associated with development continue to rise, many cities are exploring options to support the retention and attraction of businesses. Current Programs The City currently has in place several initiatives designed to assist our businesses: The Sewer Permit Loan Program provides financing for a restaurant's Dublin San Ramon Services District (DSRSD) sewer connection fees such that the restaurant makes a 20% down payment, and the City finances the remaining 80% of the sewer connection fees over five years. The City of Pleasanton pays the full sewer connection fee -from the Sewer Enterprise Fund - to DSRSD and then invoices and collects the repayment from the restaurant over the term of the loan. There are currently 4 restaurants participating in this program. Page 5 of 8