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EXHIBIT A measures as the proposed Project. Therefore, although the Reduced Project Alternative would be lower in height, scale, and mass, generate fewer greenhouse gas and air quality emissions, require fewer services, result in less traffic trips, and create a large open space area on the eastern portion of the Project site, it would not reduce the need for mitigation or the level of impact significance compared to the Project. Furthermore, the Reduced Project Alternative would result in a reduced beneficial effect. Providing fewer multi -family housing on the Project site would result in fewer opportunities to improve the City's 3.2 percent vacancy rate, fewer residents traveling to local employment opportunities, a reduced improvement to the jobs -housing balance and is not as reflective of the General Plan Major City Entry and Main Street Concourse node designations as the Project. Ability to Achieve Project Objectives: The Reduced Project Alternative would meet the Project objectives, but not to the same extent as the Project. The site would be redeveloped for new high-quality housing near existing employment centers, commercial areas, freeways, and transit; however, fewer residential units would be provided and a reduced improvement to the jobs -housing balance would occur. Additionally, fewer residents would be accommodated by the safe, high-quality, modern residential community with open space and various recreation amenities on the Project site. Overall, this alternative would meet the objectives of the Project, but not to the same extent as the Project. (DEIR, pp. 6-17 through 6-18.) Finding: The Reduced Project Alternative would reduce impacts in comparison to the proposed Project; however, the alternative would not reduce significant unavoidable aesthetic impacts to a less than significant level and would continue to require the same mitigation measures that would be implemented for the Project. In addition, the Reduced Project Alternative result in a reduced beneficial effect by providing fewer units to meet the City's housing need and jobs -housing balance. Further, this alternative would not meet the Project objectives to the same extent as the proposed Project. Therefore, the City hereby rejects the Reduced Project Alternative. (DEIR, p. 6-18.) Alternative 3: Build Out of the Existing Zoning Alternative Description: Under this alternative described in further detail in the DEIR (DEIR, pp. 6-18 through 6- 24), the Project site would be redeveloped for new professional office uses as allowed by the City's Zoning Code Sections 41-312 through 41-323. The Project site has a Zoning designation of P (Professional), which allows buildings up to 3 -stories or 35 -feet in height. The building setbacks required in the P zone include a 15 -foot setback from the front and side property lines, and a 50 -foot rear setback when the site backs to residential areas. The maximum office building structure that could be developed under the existing zoning code requirements would be 3 -stories high and 387,465 square feet (floor area ratio of 1.5), which would require 1,161 parking spaces (per the P zone requirement of 3 spaces per 1,000 square feet). The office building would be surrounded by drought tolerant ornamental landscaping. Under this alternative, the existing onsite development would be demolished, removed, and replaced to provide a new building structure that would be developed pursuant to current building requirements, such as energy efficient power systems, drought tolerant landscaping, storm water filtration, and other Low hnpact Development (LID) requirements. This alternative would be consistent with the existing land use designation, which is PAO (Professional and Administrative Office) and P zoning designation. (DEIR, p. 6-18.) Environmental Effects: The Build Out of the Existing Zoning Alternative would result in a lower building height than the Project, and a 10 -foot larger setback from the eastern boundary of the site; but Resolution No. Certification of the Magnolia at the Park EIR 75E-103 Page 65 of 71