Laserfiche WebLink
Page 4 of 8 <br /> <br /> <br /> <br /> <br /> <br />Figure 1: Stoneridge Shopping Center and Surrounding Land Uses <br /> <br /> <br />DISCUSSION <br />Key Terms of Proposed Extension <br />The applicant requests the term of the DA be extended as follows: <br />• For an initial six months, until December 30, 2024, with payment of a non-refundable <br />$50,000 contribution to the City in support of its efforts to advance Master Planning for <br />the Mall. During this period, efforts would be made to secure matching funding from the <br />other Mall owners to support the planning effort. <br /> <br />• If matching funding is secured from the other Mall owners, in the amount of $150,000, <br />and other milestones are achieved, the DA would extend for another 18 months through <br />June 30, 2026. The City may, at its option, reduce this amount by up to $50,000. This <br />Page 318 of 428