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ATTACHMENT 2 THE CITY OF Planning Commission r. Gra nt a Ii Staff Report pL£ASANTONo June Item 5 a. SUBJECT: P14-0704 APPLICANTS: Bradley Hirst PROPERTY OWNER: Charles Austin, Scott Austin, and Ian P. Austin PURPOSE: Application for a Development Agreement to vest the development approvals of the Austin project (PUD-58 and Tentative Tract 7813) consisting of eight (8) single-family residential lots and 22 acres of permanent open space at 3459 Old Foothill Road for a ten-year period from 2014 to 2024 with a five-year option. GENERAL PLAN: Low Density Residential (< 2 du/ac) on approximately 8 acres and Open Space - Agriculture and Grazing on the remaining 22 acres ZONING: PUD — LDR (Planned Unit Development— Low Density Residential) District on 8 acres and PUD-OS/AG (Planned Unit Development— Open Space/Agriculture and Grazing) District on the remaining 22 acres LOCATION: 3459 Old Foothill Road ATTACHMENTS: Exhibit A, Draft Development Agreement with Map Exhibits Exhibit B, PUD-58 - Ordinance No. 1942 Exhibit C, Tentative Map 7813 - Resolution No. PC-2007-25 Exhibit D, Location Map BACKGROUND The subject property is the 30-acre Austin property (3459 Old Foothill Road). The approved project (PUD-58 and Vesting Tentative Subdivision Map 7813) will subdivide the 30.4-acre Austin property into eight lots for new custom homes, four parcels that will be transferred to the property owners on Jorgenson Lane, and one 22-acre parcel that will be dedicated to the City as permanent open space. The approved development plan will preserve the open area surrounding the development portion in perpetuity and presents the opportunity to augment Alviso Adobe Park site. The custom home building and landscape designs are covered by design guidelines. Case No. P14-0704 Planning Commission Page 1 of 6