Laserfiche WebLink
Page 8 of 8 <br />amendment/extension would not alter or modify the obligations and responsibilities described <br />in the original DA or subsequent amendments as they apply to the shopping center. With <br />Simon Property Group contributing a minimum of $50,000 toward the Stoneridge Mall <br />Framework, and up to a maximum of $200,000 (or alternatively, the other Mall owners <br />contributing $150,000), progress should accelerate toward the milestones in this amendment. <br />Therefore, staff believes the shopping center will continue to evolve and remain competitive in <br />the current development environment, and staff supports the request for the <br />amendment/extension to the DA and recommends the City Council introduce the ordinance to <br />approve the proposed Sixth Amendment. <br /> <br />Prepared by: Submitted by: Approved by: <br /> <br />Eric Luchini, Senior Planner Ellen Clark, Director of Community <br />Development <br /> <br />Gerry Beaudin, City <br />Manager <br /> <br />Attachments: <br />1. Ordinance <br />2. Agreement Amendments first through fifth <br />3. Planning Commission agenda report May 8, 2024 <br />4. Notifications Maps <br /> <br />Page 322 of 428