RES 88015 - Laserfiche WebLink

studies have shown that these improvements will be able to service the traffic generated by the project without exceeding the City's level of service limitations on neighboring intersections. To be consistent with the City's general plan the PUD for the project re uires traffic anal sis for each new development proposal on the project's remaining undev"ec/ouped p. arcels an~that mitigation measures be included as conditions of the proposed develo ment If necessary to avoid a Level of Service D (91% of capacity) on specified neighboring intersections. Future projects can be denied if the traffic analysis shows that the addition of d the traffic generated by the proposed evelopment would cause one of the key intersections tb exceed Level of Service D and there are no mitigation measures that can be implemented to improve the effected interesection to 86% capacity or better. However, the City's right to deny such projects has been conditioned upon the City conditioning future projects on the neighboring undeveloped land with the same limitations. measures discussed above, but has retained the right to protest and litigate all matters other than the validity of the formation of the district, including, but not hmited to the type of improvements, costs, and allocation of the costs of the improvements among the various properties. In addition, the PUD re uires the Developer to participate in te provision of parks and recreation facilities for the needs of the employees of business parks in the city. The project's participation shall be equal to its pro rata share of the capital cost of acquiring and developing such park and recreation facilties. The City has agreed to use its best efforts to assess all Pleasanton business park developers and em loyers on a pro rata basis for the park and recreation facilties made necessary by the deveFc~pment of business parks. Land Ownership and Development Property within the District is currently owned by Koll Bernal Avenue Associates and Patrician Associates, Inc., a joint venture; NCR Corporation; and Kids Unlimited, Inc. The following table shows the ownership by parcel within the district and is followed by information on each of the property owners within Koll Center Pleasanton. PARCEL BUILDING STATUS A~SESSMENT ACREAGE IMPROVEMENTS (LEASED/UNDER PARCEL NO. PROPERTY OWNERS' NAM~ (ACRES) (SQ. FOOTAGE) CONSTRUCTION) I Patrician Associates, Inc. & Koll Bernal Avenue Associates 4,684 -0- -- 2 Kids Unlimited, Inc. 1.138 8,000 Under construction 3 Patrician Associates, Inc. & Koll Bernal Avenue Associates 11.854 130,000 50,000 sq. ft. leased 4 Patrician Associates, Inc. & Koll Bernal Avenue Associates 9.221 -0- 5 Patrician Associates, Inc. & Koll Bernal Avenue Associates 3.773 42,000 100% Leased 6 NOR Corporation 3.595 35,000 Under Construction 7 Patrician Associates, Inc. & Koll Bernal Avenue Associates 12.159 -0- -- 8 Patrician Associates, Inc. & Koll Bernal Avenue Associates 6.947 53,000 Under Construction 9 Patrician Associates, Inc. & Koll Bernal Avenue Associates 4.588 70,000 Under Construction 10 Patrician Associates, Inc. & Koll Bernal Avenue Associates 1.604 19,000 100% Complete as to 11 Patrician Associates, Inc. & Building Shell Koll Bernal Avenue Associates 2.79 29,000 100% Leased 12 Patrician Associates, Inc. & KOll Bernal Avenue Associates 25.578 -0- -- 87.931 acres