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~IR No. 99-01, AA No. 04-01, GPA No. 04-01, and ZOA No. 04-02 February 23, 2004 Page 4 Subsequent approvals needed for this project include a tract map to merge the various parcels into one site and to abandon Sycamore Street, a conditional use permit for the sale of alcoholic beverages, Airport Land Use Commission approval, a conditional use permit to operate a helipad on the top of the building, an encroachment permit/maintenance agreement for the fountain to be located in the roundabout, and an easement from the State of California to allow the roundabout to encroach on State property.' Addi tionally, the acquisition of two off-site properties, located at 1702 North Main Street and 1702 North Broadway, will need to be completed as mitigation measures for the project. The acquisition and street improvements associated with these parcels must be completed prior to recordatiOn of the final parcel map, unless an off-site improvement agreement is approved. Analysis of the Issues an 1999, Caribou Industries developed a plan to construct a major office building in the downtown area. Over the years, the plan has been modified to address the concerns of various interested parties. Based on this input, Caribou has proceeded with a project that will create a City landmark due to the height and scale of the proj ect, provide Class A office space that will attract high-profile tenants to support the cultural and business activities of the central city, revitalize the central city by acting as a catalyst, provide a world class restaurant on the upper level, strengthen the urban identity of downtown, enhance the Broadway corridor through the design and public spaces to be provided, increase employment opportunities, provide additional parking for the project and surrounding area, and provide a positive fiscal impact to the City. , Environmental Impact Report The California Environmental Quality Act (CEQA) requires the preparation of an environmental impact report (EIR) for this project. The environmental issues analyzed in the EIR included air quality, cultural' resources, land use, geology, hydrology, safety hazards, population/housing, public services and utilities, aesthetics, noise, traffic and circulation. In accordance with CEQA, a draft EIR was Airculated to the public, local, regional and state agencies on July 1IIIIIIJo, 2003 for a 45-day public review period. On September 2 and 3, 2003, çommunity meetings were held to provide additional information 758-7