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D. 2006 Memorandum of Understanding <br />In April 2006, Pleasanton and the ACSPA executed a Memorandum of Understanding <br />(MOU) as a "roadmap" for the future development of the Staples Ranch site. The <br />purpose of the MOU was to accommodate the relocation and expansion of existing <br />Pleasanton auto dealerships to Staples Ranch, provide Pleasanton control of when <br />Stoneridge Drive would be extended to El Charro Road due to concerns within the City <br />regarding "cut through traffic," and provide assurances to the ACSPA that the entire <br />property could be comprehensively developed and that required infrastructure <br />improvements would be limited, if approved and annexed to the City. The 2006 MOU <br />land use map indicated the site would be developed with a 36± acre auto mall with an <br />additional 5± acres of optional auto mall uses, a 45± acre continuing care facility (located <br />outside the APA), and 12± acres of future commercial uses. In addition, a 17 acre <br />community park site adjacent to the Arroyo Mocho would be dedicated to the City. <br />Stoneridge Drive would be extended as a two lane road with turn lanes across the Arroyo <br />Mocho to access the continuing care facility and community park. A new four lane road <br />with turn lanes (dubbed Auto Mall Place) would be extended from an improved El <br />Charro Road to serve the auto mall and future commercial area. No vehicular access <br />(other than emergency vehicles and potentially buses) would be permitted between the <br />two roads, but the roads would be designed and right of way preserved to accommodate <br />the future extension of Stoneridge Drive to El Charro Road as a four lane arterial with <br />turn lanes. <br />As a result of more refined site planning, the AC SPA and the City have informally agreed <br />to make several minor modifications to the land use configurations described in the <br />MOU. The continuing care facility has been slightly expanded to 46 acres and the auto <br />mall has been slightly expanded to 37 acres, but with no option for future expansion to 41 <br />acres. Pleasanton has also decided to acquire (partially funded by the Staples Ranch <br />developers) approximately 5 acres north of the Stoneridge Drive alignment for a <br />neighborhood park site that would also be designed to serve as a storm water flow control <br />basin to meet recently enacted State hydromodification requirements for new <br />development. Purchase of the neighborhood park will effectively reduce the area devoted <br />to non auto mall commercial uses from 17 acres to 11 acres. In April 2007, the <br />Pleasanton City Council voted to realign the community park site so that it could <br />potentially accommodate a four rink ice center. The park realignment also modified the <br />alignment of the remaining 11 acre commercial site so that it is now located at the <br />southwest corner of the planned El Charro Road/Auto Mall Place intersection. In June <br />2008, the Pleasanton City Council approved a conceptual park master plan for the <br />Stoneridge Drive Specific Plan Amendment/Staples Ranch <br />Draft October, 2008 <br />8 <br />w <br />k <br />1 <br />