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HomeMy WebLinkAbout8.1 Dublin Fallon 580 General Plan Amendment Initiation Request and Proposed Development Agreement Deal Terms (PLPA-2023-00012)r DUBLIN CALIFORNIA STAFF REPORT CITY COUNCIL DATE: September 5, 2023 TO: Honorable Mayor and City Councilmembers FROM: Linda Smith, City Manager Agenda Item 8.1 SU ELECT : Dublin Fallon 580 General Plan Amendment Initiation Request and Proposed Development Agreement Deal Terms (PLPA-2023-00012) Prepared by: Crystal De Castro, Senior Planner and Hazel Wetherford, Deputy City Manager EXECUTIVE SUMMARY: The City Council will a consider a request by Staff and GH PacVest to initiate a General Plan Amendment for the Dublin Fallon 580 project site, which encompasses approximately 192 acres east of Fallon Road along the Dublin Boulevard Extension. The request includes eliminating the 2.5-acre Public/Semi-Public land use designation and converting approximately 44.9 acres with an Open Space land use designation to Parks/Public Recreation to accommodate a future nature park. The proposed Development Agreement deal terms associated with future development on the site are also presented as context for the City Council's consideration of the request. STAFF RECOMMENDATION: Adopt the Resolution Approving the Initiation of a General Plan Amendment to Eliminate the 2.5- Acre Public/Semi-Public Land Use Designation and Convert the Open Space Land Use Designation to Parks/Public Recreation on the GH PacVest Property and approve the proposed deal terms for the future Development Agreement with GH PacVest. FINANCIAL IMPACT: All costs associated with preparing the General Plan Amendment would be borne by the project applicant. Page 1 of 8 409 DESCRIPTION: Background Over the course of the last four years, City staff has worked with the property owners east of Fallon Road to help spur development in support of the City Council's strategic priorities to prioritize commercial and industrial development east of Fallon Road. The City Council has supported these efforts with the creation of the Fallon Road Economic Development Zone in 2021, and the approval of an associated General Plan Amendment in 2022. The General Plan Amendment initiation that is the subject of this Staff Report will help further facilitate the City Council's priorities. The Dublin Fallon 580 property is approximately 192 acres and is located within the Fallon Village area in the Eastern Dublin Specific Plan (EDSP). The property extends north of I-580 to Jordan Ranch and east from Fallon Road to just beyond Croak Road. The project site has a band of low- lying hills along the upper third of the site and slopes down to I-580 where the property is generally flat. No grading has occurred to date. The site is generally surrounded by existing and future residential uses to the north, commercial to the west and future residential, commercial, and industrial uses to the east as shown in Figure 1 and Table 1 below. Figure 1. Vicinity Map •"Fallon i .44 Sports ' ,. x::1ggt�ir 1 14N/ "" ` Park Residential '` ' i - it .;. ,.� fkiesidential • '"''"• Sunrise- c. N:itu Park Fallon . Gateway Shopping Centers ISBD WB ftimpigimm Cottonwood i • - Creek School Res! 1-580 y City of Pleasanton Vacant Land- Future Residential, Commercial, and Industrial Uses Page 2 of 8 410 Table 1. Adjacent Uses and Land Use Designations Existing Use Townhomes, Neighborhood Square North (NS), Cottonwood Creek Park, and Cottonwood Creek School South Interstate 580 / City of Pleasanton East Vacant Land West Irongate Neighborhood Sunrise Nature Park DSRSD Utility Fallon Gateway Shopping Center Land Use Designations Medium/High Density Residential Public/Semi Public Parks/Public Recreation Medium Density Residential Industrial Park General Commercial/Campus Office Medium Density Residential Parks/Public Recreation Public/Semi-Public General Commercial The property is located in the EDSP area and has Planned Development Zoning (Ordinance No. 32- 05 and Ordinance No. 13-08). The site has General Plan/EDSP land use designations of Medium - High Density Residential, General Commercial/Campus Office, Community Park, Open Space, and Public/Semi-Public as shown in Figure 2 below. The EDSP assumed average development intensity for each land use designation. As summarized in Table 2 below, the EDSP anticipated development of up to 238 residential units and up to 1,522,161 square feet of commercial development on this site. Figure 2. GH PacVest Existing Land Uses Page 3 of 8 411 Table 2. EDSP Anticipated Development Land Use Designations _ Acres Res. Units Commercial S.F. Medium/High Density Residential 11 238 General Commercial/Campus Office 126.3 1,522,161 Parks/Public Recreation 7.2 Open Space 44.9 Public/Semi-Publics 2.5 Total 189.42 238 1,522,161 'The Public/Semi-Public is a floating designation and does not add to the total acres. 2 The total acreage includes the area of the future Dublin Boulevard Extension. The Fallon Village project envisioned a mixed -use commercial area along Central Parkway known as the Fallon Village Center. The commercial area was to be supported by a mix of Semi -Public and residential uses. The General Plan/EDSP originally assigned three "floating" Semi -Public land use designations including 2.5 acres located within the 6.5 acre Medium -High Density residential site on the GH PacVest property (the other sites were on Jordan Ranch and East Ranch). The final location of these "floating" sites is to be determined at the time of the Planned Development Zoning Stage 2 Development Plan approval with the caveat that it is to be located within the Fallon Village Center. However, the plan for the Fallon Village Center has changed over time and no longer includes a commercial component. The Semi -Public use in this area has been achieved through designating the site for the Cottonwood Creek School. On June 15, 2021, the City Council adopted a General Plan and EDSP Amendment to change the land use designation of 2.5 acres on the GH PacVest property from Semi -Public to Public/Semi- Public. This amendment allowed a broader range of uses, including the potential for affordable housing developed by a non-profit entity. The 2023-2031 Housing Element identifies this site as an opportunity site that can accommodate 74 lower -income units. The "No Net Loss" law prevents local governments from downzoning or eliminating opportunity sites after adopting their Housing Element without finding alternative sites within the City that can accommodate those units. In addition, the City has identified a parkland deficit of approximately 50 acres, most of which is active parkland. On June 20, 2023, the City Council introduced an Ordinance amending the Dublin Municipal Code to reflect new parkland dedication categories, which includes shifting acreage requirements from Community Parkland to Nature Community Parkland to address the City's deficit of approximately 50 acres of parkland. The adoption of the Ordinance is scheduled also for tonight's agenda under a Public Hearing item. It is the City Council's policy to initiate all General Plan Amendments prior to accepting an application and beginning work on such a request. Staff and the Applicant are requesting that the City Council consider initiating a General Plan Amendment for the Dublin Fallon 580 project site (Attachment 2). Analysis Given the nature of the floating land use designation, eliminating the Public/Semi-Public land use results in retaining the original acreage of all other land use designations on the property as Page 4 of 8 412 shown in Figure 4 and Table 3 below. The proposal would enable the applicant to utilize the full 6.5-acre site designated Medium/High Density Residential for residential units. While this would not increase the overall number of units on the site, it would enable them to spread those units across a larger area, resulting in a lower density product type. As previously mentioned, the Housing Element identifies the Public/Semi-Public site as an opportunity site that can accommodate 74 lower -income units and is subject to the "No Net Loss" provisions. There is a site at the Transit Center that is already identified as an opportunity site in the Housing Element. This site has a surplus of units that can serve as an opportunity site to accommodate these 74 units. The conversion of Open Space to Parks/Public Recreation helps address the City's parkland deficit by providing an additional 44.9+/- acres of Nature Community Parkland to accommodate a future nature park designed for low impact use and maintenance, with hiking and walking trails. As part of the proposed Development Agreement deal terms, Staff has negotiated with the Applicant to dedicate this land to the City to address the City's parkland deficit of approximately 50 acres. Figure 4. GH PacVest Proposed Land Uses Page 5 of 8 413 Table 3. Existing vs. Pro-3osed Land Uses Land Use Designations Acres2 Residential Units Commercial S.F. Existing Proposed Existing Proposed Existing Proposed Medium High Density 11 13.66 238 238 Residential General Commercial/ 126.3 126.28 1,522,161 4,400,605 Campus Office Parks/Public 7.2 52.1 Recreation Open Space 44.9 0 Public/Semi-Public1 2.5 0 743 Total 189.4 192.04 312 238 1,522,161 4,400,605 1 The Public/Semi-Public is a floating designation and does not add to the total acres. 2 The acreages from EDSP Specific Plan were based on assumed boundary limits. Proposed acreages reflected in this application have been updated to match resolved boundary survey data. 3 2023-2031 Housing Element identified for low-income affordable housing. Development of the site would require additional entitlements including companion amendments to the EDSP, a Planned Development Rezone with a Stage 1 amendment and Stage 2 Development Plan, a Tentative Map, and a Site Development Review Permit, and the appropriate level of environmental review required by the California Environmental Quality Act. Work on the General Plan Amendment would be completed concurrently with processing the other entitlements that are requested by the Applicant. Once the General Plan Amendment Study is complete, Staff would then bring the application to the Planning Commission for its recommendation to City Council. The project would then move forward to the City Council for consideration. A draft resolution approving the initiation of a General Plan Amendment is included as Attachment 1. Development Agreement As part of the proposed project, the Applicant has requested approval of a Development Agreement. The Development Agreement would provide security to the Applicant that the City will not change its zoning and other laws applicable to the project for a stated period. Additionally, it is a mechanism for the City to obtain commitments from the Applicant that the City might not otherwise be able to obtain. Staff is presenting the preliminary terms of the Development Agreement as context for the City Council's consideration of the request. The main points are highlighted below. • Affordable Housing o The City's Inclusionary Zoning Regulations will apply. • Dublin Boulevard Extension Right -of -Way Dedications o The Developer will dedicate a portion of the property to the City as right-of-way for the Dublin Boulevard Extension. The City will not compensate or provide Eastern Dublin Transportation Impact Fee credits for the dedicated right-of-way. Page 6 of 8 414 • Valley Link Right of Way Reservation o The Developer will make an irrevocable offer of dedication to the City in fee for future highway right-of-way resulting from the widening or relocation of the Caltrans Interstate 580 due to the improvements for the Valley Link Project. • Community Facilities District for Service and Maintenance of Public Improvements o The Developer will cooperate with the formation of a Community Facilities District for the purpose of financing the services and maintenance of all public streets (including storm drain systems, streetlights, and other street appurtenances) within the future residential tract parcels for a period of twenty years after City's acceptance of improvements. • Eastern Dublin Transportation Impact Fee Credits o The Developer will be restricted from using or applying any Eastern Dublin Transportation Impact Fee (EDTIF) credits that they have purchased or transferred from any other credit -holder to satisfy Developer's EDTIF obligations. • Nature Based Parkland o The Developer will dedicate 44.9 acres of Open Space to the City for a cost of $653,400 per acre. Should the City Council approve the conversion of the Open Space land use designation to Parks/Public Recreation, the land will then serve as a Nature Community Parkland with hiking and walking trails. This action will help address the City's parkland deficit as mentioned above. STRATEGIC PLAN INITIATIVE: Strategy 5: Large Land Tract Development and Open Space Objective B: Work with the area property owners in conjunction with the Dublin Boulevard extension project on issues such as road and project mitigation, entitlements, as well as supporting infrastructure. NOTICING REQUIREMENTS/PUBLIC OUTREACH: The City Council Agenda was posted, and a copy of this Staff Report was provided to the applicant and was made available on the City's website. ENVIRONMENTAL REVIEW: Staff recommends that the initiation of the General Plan and EDSP Amendment be found exempt from the California Environmental Quality Act (CEQA) under Section 15306, Class 6 of the State CEQA Guidelines (Information Collection). Page 7 of 8 415 ATTACHMENTS: 1) Resolution Approving the Initiation of a General Plan Amendment to Eliminate the 2.5-Acre Public/Semi-Public Land Use Designation and Convert the Open Space Land Use Designation to Parks/Public Recreation on the GH PacVest Property 2) GH PacVest Letter Page 8 of 8 416 Attachment I RESOLUTION NO. XX — 23 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DUBLIN APPROVING THE INITIATION OF A GENERAL PLAN AMENDMENT TO ELIMINATE THE 2.5-ACRE PUBLIC/SEMI-PUBLIC LAND USE DESIGNATION AND CONVERT THE OPEN SPACE LAND USE DEISGNTION TO PARKS/PUBLIC RECREATION ON THE GH PACVEST PROPERTY (APNS: 905-0001-006-03, 985-0027-002, 985-0027-004, AND 985-0027-005) (PLPA-2023-00012) WHEREAS, GH PacVest is requesting, and Staff is recommending, that the City Council initiate a General Plan Amendment to eliminate the "floating" 2.5-acre Public/Semi-Public land use designation and Staff is proposing to convert the Open Space land use designation to Parks/Public Recreation on the Dublin Fallon 580 project site; and WHEREAS, the GH PacVest property is approximately 192 acres, of which 2.5 acres is designated as Public/Semi-Public and 44.9+/- acres is designated as Open Space; and WHEREAS, the Parks/Public Recreation land use designation will accommodate Community Nature Parkland for a future nature park; and WHEREAS, the General Plan and Eastern Dublin Specific Plan state that the location of "floating" Public/Semi-Public site will be determined at the time of the Planned Development Zoning Stage 2 Development Plan approval; and WHEREAS, the General Plan Amendment Study initiation request has been reviewed in accordance with the provisions of the California Environmental Quality Act (CEQA) and was found to be Categorically Exempt under Section 15306, Class 6 of the State CEQA Guidelines; and WHEREAS, a Staff Report was submitted outlining the issues surrounding the General Plan Amendment initiation request; and WHEREAS, the City Council did hear and consider all such reports, recommendations, and testimony hereinabove set forth. NOW, THEREFORE, BE IT RESOLVED that the Dublin City Council does hereby approve the initiation of a General Plan Amendment to eliminate the "floating" 2.5-acre Public/Semi-Public land use designation and the conversion of 44.9+/- acres of Open Space land use designation to Parks/Public Recreation on the GH PacVest property. {Signatures on the Following Page} Reso. No. XX-23, Item X.X, Adopted X/X/2023 Page 1 of 2 417 PASSED, APPROVED AND ADOPTED this 5th day of September 2023, by the following vote: AYES: NOES: ABSENT: ABSTAIN: Mayor ATTEST: City Clerk Reso. No. XX-23, Item X.X, Adopted XX/XX/2023 Page 2 of 2 418 Attachment 2 GH PACVEST, LLC April 26, 2023 [Updated August 25, 2023] Ms. Amy Million Principal Planner City of Dublin 100 Civic Plaza Dublin, CA 94568 Subject: Dublin Fallon 580 — General Plan & EDSP Amendment Request Dear Ms. Million, GH PacVest, LLC is pleased to submit our revised request to initiate a General Plan & EDSP amendment associated with the proposed development, Dublin Fallon 580 (the project). The Dublin Fallon 580 Project site consists of approximately 192± acres (APN: 905-0001-006-03, 985- 0027-002, 985-0027-004, and 985-0027-005). The General Plan designates the project site for General Commercial / Campus Office (GC/CO), Open Space (OS), Community Park (CP), Public / Semi -Public (P/SP), and Medium High Density Residential (MH) uses. The existing General Plan land use designations will enable GH PacVest to create a mixed -use community where people can live and play near where they work. The project site is bordered to the north by Jordan Ranch, the Righetti property to the east (currently undeveloped and zoned Industrial Park (IP), General Commercial -Campus Office (GC/CO), and Medium Density Residential (M)), Fallon Road and the existing Fallon Gateway shopping center to the west, and 1-580 to the south. The project site is vacant with intermittent cattle grazing activities present on the property. GH PacVest requests that the City initiate a study to analyze a General Plan amendment to eliminate the "floating," 2.5-acre Public / Semi -Public land use designation from the project site as part of our proposed Project. The table below shows the proposed land use changes. 419 GH PacVest Property EXISTING STAGE I PD LAND USE & EDSP PROPOSED Land Use Gross Max Units! Density Densityl Gross Proposed Density Acres* SF Range/Max FAR Acres* Units/ SF I FAR (Per Stage FAR (Per Stage I I PD & EIR) (Per EDSP) PD & EIR) General 1,100,151 Commercial/Campus 126.40 1,541,675 0.20-080 0.28 126.28 - 0,8 Office (GC/CO) 4,400,605 Medium High Density 13.50 238 14.1-25.0 20 du/ac 13.66 238 17.4 Residential (MH) du/ac Community Park (CP) 7.20 NA NA NA 7.20 NA NA Open Space (OS) 44.90 NA NA NA 44.90 NA NA Public 1 Semi -Public 54,450 0.50 FAR NA 2 50** 0 0 0 (PISP**) 174 30 du/ac Total 192.0 192.04 "Acreages from prior General Plan; Specific Plan. and PD1 approvals were based on assumed boundary limits. Proposed Acreages reflected in this application have been updated to match resolved boundary survey data dated Jan. 2017. (Note the discrepancy in total acreages]. " Per the Stage 1 PD and EDSP the Public/Semi-Public use is a floating land use designation to be assigned to a specific location during subsequent Stage 2 PD entitlement of the property with the 2.5 acres being deducted from the land use the PISP is located on. A map of the existing General Plan land uses, and our proposed land uses is also attached. The City approved Eastern Dublin Specific Plan and the Fallon Village PD-1 identified the floating 2.5-acre Public / Semi -Public land in the Fallon Village Center boundary. The portion of the Fallon Village Center on the project site is limited to the Community Park land adjacent to Cottonwood Creek School or the MH residential land immediately to the west of the Community Park land designation. The Fallon Village PD-1 from 2005 envisioned the Fallon Village Center to be a variety of housing types with community facilities, civic and educational uses. Since 2005, Cottonwood Creek School was built immediately adjacent to our property abutting the 7.2-acre Community Park land use. Through the realization of Cottonwood Creek School, we believe the 2.5-acre Public / Semi -Public land use intent has been satisfied. Furthermore, it is our understanding that City staff has expressed an interest in having the 7.2- acre community park be developed to serve the community and Cottonwood Creek School and we support that desire. Therefore, eliminating the Public /Semi -Public from the 7.2-acre community park area is consistent with City staff's interest. And finally, if the 2.5-acre P/SP land use were to be located on the MH land use area as contemplated in Appendix 4 of the EDSP, it would be developed with 202 units at a density of 31.1du/acre, nearly double our proposed density of 17.4 du/acre (128 units). We believe that our proposed density of 17.4 du/acre for the MH land use is more compatible and appropriate for the property given the density of existing, adjacent housing to the north of the project site. 420 For the reasons noted above, we feel that the floating 2.5-acre Public / Semi -Public land use should be eliminated. All of the underlying land uses as contemplated in the EDSP & Fallon Village PD-1 are proposed to remain unchanged. We look forward to your review of our request and our development team is happy to provide any additional information that may be required to process this request to initiate a General Plan amendment study. Sincerely, Wooi See Operations Director Attachment: Existing Land Use Plan vs. Proposed Land Use Plan 421 \- t OPC • - -a -• a • a • TI• I : • a•° :PARCEL• 5• CP 7,2±AC. ' • *P/SP 2.5±AC. r PARCEL 7 MH 6.5±AC. 1 PARCEL 8 MH 7.0±AC. PARCEL 9 GC/CO 14.3± PARCEL 10 GC/CO 20.4±AC. FALCON VILLAGE STAGE I PD EXISTING LAND USE PLAN FALLON VILLAGE STAGE I PD EXISTING LAND USE ACREAGES M&S LAND -USE PARCEL ID GC/CO GC/CO P/SP* OS CP (PARK) OS MH MH GC/CO GC/CO TOTAL ACRES PARCEL LOCATION 1 SW GC/CO (SOUTH OF DUBLIN BLVD. / WEST OF CROAK RD.) 2 NW GC/CO (NORTH OF DUBLIN BLVD. / WEST OF CROAK RD.) 3* P/SP SITE* 4 OS (NORTH OF DUBLIN BLVD. / WEST OF CROAK RD.) 5 COMM. PARK SITE 6 OS (NORTH OF DUBLIN BLVD. / EAST OF CROAK RD.) 7 MH Residential (WEST OF CROAK RD.) 8 MH Residential (EAST OF CROAK RD.) 9 NE GC/CO (NORTH OF DUBLIN BLVD. / EAST OF CROAK RD.) 10 SE GC/CO (SOUTH OF DUBLIN BLVD. / EAST OF CROAK RD.) GROSS PARCEL AREA (AC) 74.40 17.30 35.80 7.20 9.10 6.50 7.00 14.30 20.40 192.0 GROSS PARCEL AREA (SF) 3,240,864 753,588 1,559,448 313,632 396,396 283,140 304,920 622,908 888,624 1) Future parcel to be dedicated/created by separate instrument once P/SP location and use are defined with future PD2. EXISTING STAGE 1 PD LAND USES GROSS GROSS PARCEL LAND -USE PARCEL AREA AREA (AC) (SF) GC/CO OS CP (PARK) MH TOTAL P/SP(1) 126.40 44.90 7.20 13.50 192.00 2.50 5,505,984 119551844 313,632 588,060 813631520 108,900 (1) P/SP is a floating land use. Location and acreage will be deducted from affected land use once the final location is determined during PD2 approval. Auk'1 • v °Itory�; PARCCPEL5 7.2±AC. FUTURE ROADWAY PARCEL 4 OS 35.80± AC. PARCEL 1 GC/CO 74.41± AC. PARCEL 2 GC/CO 17.32±AC. EXrrl"vr PARCEL 7 6.5±AC. \\\n I 580 • 1r, FUTURE CENTRAL PKNJY PARCEL 8 MH 7.16±AC. PARCEL 6 OS 9.1±AC. PARCEL 9 GC/CO 14.29±AC. FUTURE DUBLIN BLVD PARCEL 10 GC/CO 20.26±AC. 0.4 STA.0 hIGdnkt hew PROPOSED LANDUSE M&S LAND -USE PARCEL ID GC/CO GC/CO P/SP* OS CP (PARK) OS MH MH GC/CO GC/CO TOTAL ACRES PROPOSED LAND USE PLAN PARCEL LOCATION 1 SW GC/CO (SOUTH OF DUBLIN BLVD. / WEST OF CROAK RD.) 2 NW GC/CO (NORTH OF DUBLIN BLVD. / WEST OF CROAK RD.) 3* P/SP SITE* 4 OS (NORTH OF DUBLIN BLVD. / WEST OF CROAK RD.) 5 COMM. PARK SITE 6 OS IN NE CORNER 7 MH Residential (WEST OF CROAK RD.) 8 MH Residential (EAST OF CROAK RD.) 9 NE GC/CO (NORTH OF DUBLIN BLVD. / EAST OF CROAK RD.) 10 SE GC/CO (SOUTH OF DUBLIN BLVD. / EAST OF CROAK RD.) GROSS PARCEL AREA (AC) 74.41 17.32 35.80 7.20 9.10 6.50 7.16 14.29 20.26 192.0 GROSS PARCEL AREA (SF) 3,241,300 754,459 1,559,448 313,632 396,396 283,140 311,890 622,472 882,526 PROPOSED GROSS LAND -USE PARCEL AREA (AC) GC/CO OS CP (PARK) MH TOTAL 0 300 600 SCALE: 1"=300' 126.28 44.90 7.20 13.66 192.04 GROSS PARCEL AREA (SF) 5,500,757 119551844 313,632 595,030 8,365,262 SHEET 1 OF 1 GH PACVEST PROPERTY EXISTING VS PROPOSED LANDUSE AREAS CITY OF DUBLIN MACKAY & soms ENGINEERS PLANNERS SURVEYORS 5142B FRANKLIN DR, PLEASANTON, CA 94588 (925)225-0690 CALIFORNIA 04-26-2023 11:36cm Mark McClellan P:\19887\PLN\EXH-P\EXH-EXISTING VS PROPOSED LAND USE.DWG MACKAY & SOMPS IS NOT RESPONSIBLE FOR THE ACCURACY OR COMPLETENESS OF REPRODUCTIONS OF THIS DOCUMENT THAT ARE GENERATED BY OTHERS FROM ELECTRONIC MEDIA PLEASANTON OFFICE 1" = 300' SCALE 11/08/2022 I 19887.000 DATE JOB NO. 422 Dublin Fallon 580 DUBLIN FALLON 580 GENERAL PLAN AMENDMENT INITIATION REQUEST September 5, 2023 II DUBLIN CALIFORNIA 423 Project Location - Dub in Fal on 580 Fallon Sports Park Central Pkwy Ri°sidential:.`V..c • S I'i%• f,Fl 5unrisers` Nature Park d ential • \ 158O WB ,7T• " 'Jtullt - . Residential • Cottonwood ivs. s. Creek School `Res! ential . L OttoI)woo,i Creek Park GH PacVest Property 1-580 4 Future Dublin Bouleva Vacant Land- Future Residential, Commercial, and Industrial Uses d i City of Pleasanton - =� , Existing Land Use MH - Medium High Density Residential GC/CO -General Commercial/Campus Office P/PR - Parks/Public Recreation OS - Open Space P/SP - Public/Semi-Public City Council's Previous Actions • Prioritize Commercial and Industrial Development east of Fallon Road • Over the last four years staff has worked with the property owners to incentivize development east of Fallon Road • Council Actions to support development: ✓ Fallon Road Economic Development Zone (2021) ✓ General Plan Amendment (2022) ❑ General Plan Amendment Initiation Request (current request) Background -FallonVillage • Fallon Village Project ➢3 Floating Semi -Public designations ➢2.5 acres located within the GH PacVest Medium High Density Residential Site Cottonwood Creek Elementary and Park Background - Parkland • June 20, 2023 City Council introduced an ordinance amending the Dublin Municipal Code creating a Nature Community Parkland designation to address the City's deficit of 50 acres of Nature Park. Genera Pan Amendment - Request • Eliminate 2.5 acres floating P/SP — Housing Element • Relocate the 74 units to the Transit Center site • Convert 44.9 acres of OS to P/PR — Helps address City's 50-acre parkland deficit — Provides a future nature park with hiking and walling trails Development Agreement Dea Terms I. Affordable Housing 2. Dublin Blvd Extension Right -of -Way Dedication 3. Valley Link Right -of -Way Reservation 4. Community Facilities District for Service and Maintenance 5. Eastern Dublin Transportation Impact Fee Credits 6. Nature Based Parkland Recommendation Adopt the Resolution Approving the Initiation of a General Plan Amendment to Eliminate the 2.5-acre Public/Semi-Public Land use designation and Convert the Open Space land use Designation to Parks/ Public Recreation on the GH PacVest property.