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ground lease is acceptable, staff will begin the PUD process for the ice skating facility. A development agreement and a sales and purchase agreement related to the five acre neighborhood park will be presented to the Council following approval of the Fremont Land PUD. Project annexation will occur after approval of the Hendrick Mercedes Benz, CLC and Fremont Land PUD's and approval of the development agreement. As can be expected, a project of this magnitude will undoubtedly result in continued "twists and turns' that may require modification and amendments. However, the planning documents presented meet the overall intent of the MOU and reflect the community meetings that have been held to date. RELATED MATTER -Stoneridge Drive In recognition of potential issues related to the extension of Stoneridge Drive, the MOU was drafted to indicate that Stoneridge Drive would not be fully extended with the project. Rather, as noted earlier, the MOU indicates that Stoneridge Drive would cul-de- sac just east of a new bridge planned for the Arroyo Mocho. An emergency vehicle access (EVA) would be constructed for emergency purposes (and perhaps, at a later time, for bus traffic if requested by Wheels and approved by the City) from this cul-de- sac to the western edge of a new road (currently called Auto Mall Place) that would connect to EI Charro Road (Attachment 13). In addition, the MOU requires the reservation of adequate right-of-way between the new terminus of Stoneridge Drive and Auto Mall Place to accommodate a full extension of Stoneridge Drive should it be approved at some future time. In addition to the MOU, the City entered into two separate agreements with the City of Livermore, ACSPA and Vulcan Materials (Vulcan operates the quarries to the south of the project) that outline improvements and funding to EI Charro Road and other project related infrastructure needs. Also, shortly after the start of the planning/environmental review process for Staples Ranch, a resident group circulated initiative petitions concerning the development of the site. That effort was opposed by a different resident group. In attempt to address all concerns, in November 2007, both groups presented the City Council with a Joint Statement that set forth a planning process, focusing particularly on the design and development of the 17-acre Community Park, based on the principles set forth in the MOU. As an outcome of the Joint Statement, the City conducted a park master plan process that resulted in adoption of the Staples Ranch Community Park Master Plan. This Joint Statement (Attachment 14) has also guided the development of the attached planning documents. Notwithstanding the above, as has been the case since the start of the Staples Ranch development, the status of the extension of Stoneridge Drive continues to generate considerable interest, both pro and con. As an example, over the past few months, the ACSPA, through Supervisor Scott Haggerty, has encouraged the City to approve the full four lane extension of Stoneridge Drive as part of the initial approval of the Staples Ranch project. To that end, Supervisor Haggerty has recently stated that he would recommend the ACSPA pay for construction of the second bridge over the Arroyo Mocho, the full extension of Stoneridge Drive and up to $1 million in offsite traffic Page 8 of 10