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RECOMMENDATION Review the attached material, hear presentation and public input regarding the proposed application. and provide suggestions/comments to the applicant and staff. FINANCIAL STATEMENT It is anticipated that BRE Properties will transfer ownership of the proposed public park property, located on Site 2, to the City as part of their park impact obligations. They will also provide trail right-of-way on both sites as shown below (Figure 1). Should the City Council approve the application as proposed, the City may bear financial responsibility for developing and maintaining the park and the trails. The source of funding for the development of the park would be from the in-lieu park fee fund from these two BRE development projects and other projects. SITE DESCRIPTIONS Site 1 is an approximately 8-4-acre, relatively flat vacant lot located on the southeast corner of Owens Drive and Willow Road. Site 2 is an approximately 8.1-acre, relatively flat vacant lot located on the northern corner of Gibraltar Drive and Hacienda Drive. Both Sites are south of the Dublin/Pleasanton BART station, west of the Iron Horse Trail, and bordered by Shaklee's corporate headquarters and the Kaiser campus. Site 2 currently has an access drive to the Shaklee site, which will be removed upon development of the property. Figure 1: Aerial View of Site 1 and Site 2 l .a" _" +. I' , '�> / F 'rte ,�„ va a c; • = Iron Horse Trail ,. '•.,. ..trot 11 1 i _ ` . site r t' f 1 -ei - •Kaiser an))m Trr oaK.uw+ .. 414',"\1 , \\‘'‘. f +, �' • \ .,.� ■ o f r Is 114.1%18 ►*1. Jr 11▪ . • c4 I ,+." a .i- \ `+ I ' .. '1s�[ipts�MK .� r Iry site 2 r\ \ ' .4.,ilmaitii 44%4., '''_f:' - . ire'r:. N. 446 ' .'" /-'.P. *.- '•' ' . '044.,,,-;.4":..' 4°.* -‘",' '. PROJECT DESCRIPTIONS The applicant proposes to build: 1) a mixed-use high-density residential/commercial 5 700 development containing 251 residential units, four live/work units, and approximately Page 2 of 15