CITY COUNCIL REGULAR MEETING AGENDA PACKET

Page 7 of 8 3, to advance sustainable land use, and supporting Action E6, which calls for the City to implement the Housing Element, aiming to achieve a balance between jobs and housing, including encouraging transit-oriented development near BART, along transportation corridors and near employment hubs. OUTREACH Notice of this meeting was sent to property owners and tenants/occupants within 1,000-feet of the site as shown in Attachment 4. At the time of this report’s publication, staff had not received any public comments. Public comments received after publication of this report will be forwarded to the City Council. STRATEGIC PLAN ALIGNMENT Approval of this action advances the ONE Pleasanton strategic plan goal of Building a Community Where Everyone Belongs, Strategy 5 - Complete master planning and CEQA for the Stoneridge Mall Framework to set the stage for future development, by establishing performance milestones to advance the Master Plan. The action also supports the strategy of implementing the updated 2024-2028 Economic Development Strategic Plan initiatives, including retail revitalization and mall redevelopment and business retention and expansion by supporting actions to expand and revitalize Stoneridge Mall. FISCAL IMPACT There is no cost associated with this Sixth Amendment. Any new development resulting from the proposal would be responsible for the payment of current development impact fees and for the costs of any required utility or infrastructure improvements. The project would incrementally increase the demand for City services but would also add sales and property tax revenue. Additionally, the existing agreement already secures additional financial benefits to the City. CALIFORNIA ENVIRONMENTAL QUALITY ACT (CEQA) On January 4, 2012, the City Council certified a Supplemental Environmental Impact Report (SEIR) and adopted the CEQA Findings and a Statement of Overriding Considerations for the Housing Element and Climate Action Plan General Plan Amendment and Rezonings Supplemental EIR. This SEIR was a supplement to the EIR prepared for the Pleasanton 2005- 2025 General Plan which was certified in July 2009. The development contemplated in the DA is consistent with the development density that was evaluated and mitigated as part of these certified CEQA documents which are available upon request as part of Exhibit C. In addition, the City adopted an Addendum dated April 19, 2019, in connection with the Stoneridge Mall Commercial Replacement and Expansion Project, File P18-0340, which concluded the project would not cause any unstudied impacts or impacts peculiar to the parcel. The proposed Sixth Amendment does not result in any effects on the environment that are peculiar to the property or project that were not addressed in these prior CEQA documents, or which substantial new information shows will be more significant than described in these prior CEQA documents. Therefore, no additional environmental review is required pursuant to Public Resources Code section 21083.3 and CEQA Guidelines section 15183. SUMMARY/CONCLUSION This amendment/extension of the DA will enable Stoneridge Properties (Simon Property Group) to continue to explore commercial expansion of the Stoneridge Shopping Center, broadening the City’s tax base and allowing the continued vitality of the shopping center. This Page 321 of 428