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'IR No. 99-0:¡" AA No. 04-01, GPA No. 04-01, and ZOA No. 04-02 February 23, 2004 Page 8 Approval of the proposed amendments to the Midtown Specific Planas well as the adoption of the proposed One Broadway Plaza SDD would allow for the creation of a new City landmark through the construction of an office building with the height, scale and quality to serve as a central focal point of the Downtown area. Additionally, the proposal would allow for Class A office space in a 'configuration suitable for major tenants in the immediate vicinity of the Civic Center area of the City. Further, the demand for amenities, such as restaurants, public gathering areas and entertainment activities, would create additional employment and revitalization opportunities in the central City. With the approval of the Midtown Specific plan amendment, the proposed project would be 'consistent with applicable zoning requirements. The One Broadway Plaza development project will enhance and provide a .ositive reinforcement of the City's image around the Midtown area through the development of a Class A office tower and associated amenities. Additionally, the project will be of direct benefit to the community by providing additional employment opportunities in the City. The project will be c~msistent with the goals and policies of the 'General plan as amended by promoting a balance of land uses to address basic community needs, enhancing the City's economic and fiscal 'environment, and enhancing development districts whose unique community assets bolster overall community vitality. As a result, staff recommends that the Planning Commission recommend that the City Council certify Final Environmental Impact Report No. 99-01 and approve a resolution adopting a Statement of Overriding Considerations and the Mitigation Monitoring Program. Additionally, staff recommends that the 'City Council adopt an ordinance approving Amendment Application No. 2004-01 and Specific Development No. 75, adopt a resolution approving General plan Amendment No. 2004-01 and adopt an ordinance approving Zoning Ordinance Amendment No. 2004-02. ~,;;.. fi>2. . Vince Fregoso, AICP eenior Planner VF\VC:JM vf\reports \.ir99 -Ol&ae&gpaD< -Ol&zooO'- 0>, pc ~'- Verny Carvajal Associate Planner 758-11