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Background In October of 1989, the City Council adopted the Stoneridge Drive Specific Plan (SDSP), for 293 acres located east of the Pleasanton Meadows subdivision and" bordered by Trenery Drive on the south, I-580 on the north, and EI Charro Road to the east. Since 1989, all of the SDSP area has been constructed, with the exception of the 124 acre Staples Ranch property which under the 1989 SDSP is designated for service commercial and light industrial uses, retail and service commercial uses, and a 17.2 acre community park. In early 2006, the ACSPA began discussions with the City regarding a development concept that involved uses and designs not fully contemplated in the 1989 SDSP. The outcome of those discussions was City Council approval of a Memorandum of Understanding (MOU) with the ACSPA that created a "roadmap" regarding the future development and review process for the 124 acre site. Since that time, the City, ACSAP, and project developers have been proceeding in accordance with the MOU and, at this time, the proposed project consists of the following: . An approximately 37 acre auto mall that will relocate Hendrick Automotive Group (Pleasanton Auto Mall) and Mercedes Benz of Pleasanton from existing Pleasanton locations. The new location is seen as necessary by the dealers to meet current and future demand. . An approximately 45 acre senior continuing care community (currently called Stoneridge Creek Pleasanton) being developed by Continuing Life Communities (CLC). The development would be licensed by the State of California and could include up to a maximum of 800 units (current plan tails for approximately 640 units) plus a separate assisted living/skilled nursing/physical therapy facility with an undetermined number of beds/units. The project would be constructed in phases dependent upon City approval and overall interest in the project by the community. The project would be unique to this area and meet the needs of seniors seeking a high quality, full service, continuing care environment. . An approximately 11 acre retail development being developed by Fremont Land, including various shops that may include a food market, bank, restaurant, and shops. . A 17 acre City community park with, potentially, a recreational ice skating facility. While the ice skating facility (referred to as Ice Center in the EIR) is not reflected in the MOU, subsequent action by the City Council has reflected this use as a priority. Construction of the ice skating facility is dependent on whether a ground lease can be successfully negotiated between the City and the proposed operator, San Jose Arena Management, LLC. The Council has previously approved a master plan for this park that includes the ice skating facility option. Page 3 of 10