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insufficient, the report shall propose options for reprioritizing or deferring discretionary City <br /> initiatives,such as Council Work Plan projects, long-range planning efforts,or procedural and <br /> technological improvements, to ensure the effective processing of the Project. Such <br /> assessment may also incorporate provisions for applicant-funded third-party consultant <br /> services to augment in-house staff, provided that the applicant agrees in writing to fund such <br /> services. <br /> 4. Applicant Presentation. <br /> Project applicants shall have the opportunity to deliver a presentation on their proposed project <br /> during the Council Prioritization Hearing, subject to time limits or other procedural guidelines <br /> established by the Mayor or applicable Council policies. <br /> 5. Council Review and Determination. <br /> a. Review.The City Council shall evaluate each Early Project Review application and may require <br /> modifications to the project application as a condition of prioritizing the project. Unless <br /> otherwise specified by Council motion, revisions mandated by a majority vote during the <br /> Hearing shall become prerequisites for both the filing of a formal planning permit application <br /> and its continued processing by the City. <br /> b. Determination. At the conclusion of the Council Prioritization Hearing,the Council may take <br /> one of the following actions on each Project application: <br /> i. Authorize allocation of staff resources to processing a formal planning permit <br /> application. <br /> ii. Defer authorization of allocation of staff resources to processing such application until <br /> a specified date. <br /> iii. Decline to authorize allocation of staff resources to processing a formal planning permit <br /> application. In such cases, the applicant must wait a minimum of two years from the <br /> date of submission of the subject Early Project Review application before resubmitting <br /> a substantially similar application unless the Council, by majority vote, authorizes <br /> resubmission of an Early Project Application at an earlier time. <br /> c. Project Approval Not Guaranteed. A decision to allocate staff resources to a formal planning <br /> permit application shall not be construed as a guarantee of final project approval. Early <br /> Project Review applications are subject to the same subsequent discretionary review and <br /> approvals as all non-Early Review authorized development projects, inclusive of review <br /> pursuant to the California Environmental Quality Act. <br /> F. DEVELOPMENT AGREEMENTS <br /> In recognition of the unique benefits conferred by City Council approval of a legislative amendment, all <br /> Early Project Review applicants shall be required to execute a development agreement with the City of <br /> Pleasanton prior to or concurrent with final enactment of the requested legislative amendment(s). A <br />