ECONOMIC VITALITY COMMITTEE AGENDA PACKET

12 units for consideration by the City as part of its approval a future Framework plan or other master planning document. It is further noted that, in addition to units allocated to properties owned by Simon Property Group (and affiliated entities), units permitted by existing zoning as of December 2022 that are not yet constructed may be allocated to any of SPG’s other properties, including being combined with one or more of the allocations made as part of the 6th Cycle Housing Element. Recognizing the complexity of the Stoneridge site, and the numerous constraints and other factors that will need to be considered in the overall Framework, as well as in individual site plans, the City will allow flexibility in the location of housing projects within specific parcels, or for an allocation to be placed on a larger or smaller area than 3 acres, provided that the minimum and maximum densities specified in the Housing Element are met. Finally, the maximum densities have been established based on known and expected conditions and constraints as the time of adoption of the 6th Cycle Housing Element. The City may, with sufficient supporting information and analysis, elect in the future to grant an increase the total housing allocation for Stoneridge, if such an increase would not, in the determination of the City Council, cause unacceptable traffic, environmental or public services impacts, and that doing so would be in the best interest of the redevelopment of the mall and the interests of the Pleasanton community. D. Design and Placemaking Elements to be Reflected in a Future Framework Plan The following Elements should be reflected in any future Framework plan or other master plan for Stoneridge Mall. It is acknowledged that final standards will be established based on more detailed planning and site -specific studies for Stoneridge, and may be modified from those shown, provided that the overall design and placemaking intent expressed in this document is determined to have been met: 1. The Framework Circulation Plan shall provide for an interconnected network of pedestrian, bike and vehicle circulation including the following features. A conceptual circulation plan is shown in Appendix A, Figure 2 : • An Internal Street/Drive which provides slow-moving vehicle and safe pedestrian circulation around the perimeter of the Mall building(s). Some segments may be pedestrian only due to grades. • A multi-use path (minimum 12 feet wide) around the entire perimeter of the Mall along Stoneridge Mall Road, which shall accommodate pedestrians and cyclists on a facility separated from vehicle travel lanes. (See diagrams below) • The street network currently connecting to the Mall should be extended to provide an organized series of intersections and streets or drives into the interior of the site(s), generally at locations shown on the conceptual Circulation Plan.