ECONOMIC VITALITY COMMITTEE AGENDA PACKET

10 7. Fairly distribute affordable housing amongst the landowners, with assurance that all affordable housing requirements will be satisfied in accordance with the City’s Inclusionary Zoning Ordinance. 8. The Framework Plan and subsequent zoning will contemplate a variety of uses (including office and hospitality) and densities, depending upon market de mands and project economics, and in recognition of the terms, conditions and restrictions set forth in the REA and other agreements, easements and licenses between the landowners that govern development of Stoneridge. 9. Landowners will work with each other, the City and the community to establish a more specific framework and subsequent zoning district, which will identify locations and details for these land uses. 10. Landowners may propose property line adjustments, transfer of housing units and shared uses (e.g., parks and open spaces, parking and affordable housing solutions, roadways, and other project features and amenities) to facilitate equitable, rational, feasible development patterns and phasing that maximize opportunities for Stoneridge to be a regional destination for housing, shopping, dining, work, and play. 11. The Framework shall include preparation of a fiscal and market study in accordance with General Plan Land Use Element Program 14.2, which states: “For large-scale commercial projects, require the preparation of a fiscal impact and market study that is peer-reviewed or vetted by City staff to determine the costs and benefits of the project for the City and the economic viability of the project.” 12. The Framework Plan’s aggregate quantities of land uses of all types, including any housing beyond that already zoned, contemplated in the 6th Cycle Housing Element or otherwise allowable through State housing density bonuses, shall be established in consideration of traffic and other environmental impacts, and shall be set at levels that would not create unacceptable impacts as determined through CEQA review and other studies. 13. Until more detailed or tailored development standards are created and adopted by the City as part of the Framework or other master planning document, development at Stoneridge shall be governed by the regulations specified in the Objective Design Standards for Housing Sites, as applicable, this Framework Components document, and the Pleasanton Municipal Code.