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156 DIABLO ROAD, SUITE 340 | DANVILLE, CA 94526 <br />Page 1 <br /> <br /> <br /> <br />July 17, 2026 <br /> <br />City of Pleasanton <br />Mayor Jack Balch and Honorable Members of the City Council <br />P.O. Box 520 <br />Pleasanton, CA 94566 <br />jbalch@cityofpleasantonca.gov <br />ceicher@cityofpleasantonca.gov <br />mgaidos@cityofpleasantonca.gov <br />jnibert@cityofpleasantonca.gov <br />jtesta@cityofpleasantonca.gov <br /> <br />RE: Arroyo Lago Residential Project (P25-0115, P25-0116, P25-0118, PUD-154, and Tract <br />8423), Voluntary Contribution Towards Future El Charro Extension <br />Dear Mayor Balch and Honorable Members of the City Council: <br />I am writing to you today as the applicant of the Arroyo Lago project in advance of the City Council <br />meeting on July 21, 2026, to respectfully request that the City Council honor the $3,000,000 <br />commitment from the Project intended to help fund the long-planned Future El Charro Road <br />Extension, and ensure the Pre-Annexation and Development Agreement (PADA) reflects this agreed- <br />upon amount. <br />Prior to the October 2025 City Council hearing when the major terms of the PADA were unanimously <br />approved, we had spent months negotiating with City staff. During the Planning Commission hearing <br />last month, the El Charro Road contribution became a singular issue discussed in a vacuum. The <br />Planning Commission members did not have the benefit of understanding the history of the project <br />and all the significant concessions that have already been made by the development team as part <br />of the PADA. <br />I just want to take a minute to remind everyone of the concessions the project’s development team <br />has made in order to work collaboratively with our neighbors and other stakeholders. <br />➢ Reduced the overall lot count from 194 to 189 units ~ loss of $10MM of revenue <br />➢ Created all smaller single-story homes along the western boundary which meant a loss of <br />18,000 SF ~ $9MM of revenue <br />➢ Agreed to create a maintenance CFD to absorb all normal City costs of maintaining public <br />infrastructure (City cost savings of approximately $4.5MM of 30 years) <br />➢ Agreed to build improvements along the City’s corporation yard