75A - PH - 200 EAST FIRST AMERICAN WAY

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ZOA No. 2012 -01, DA No. 2004 -03, VTTM No. 2012 -01, and SPR No. 2012 -01 February 13, 2012 Page 9 The Planning Commission previously requested that the open space amenities, such as the pool, be of adequate size to be usable. In order to provide a guideline for assessing the adequacy of the open space amenities, Table 8 provides a comparison of the amenities provided in the Lyon project, a recently approved and relatively comparable project, with those proposed for The Met. Table 8 — Amenities Comparison Amenity Feature ; The Pinnacle Lyon - The_Met 273 units' ':' '3Q units 2.8 units Pool 2,100 s . ft. 1,344 s . ft. 756 s . ft. Club Room /Fitness Facility 6,830 s . ft. 6,750 s . ft. 3,050 s . ft. Courtyards 18,900 s . ft. 19,140 s . ft. 22,100 s . ft. Roof Deck n/a 37,900 s . ft. in one deck 12,550 s . ft. in two decks At its January 23, 2012 Planning Commission hearing there was discussion in regards to the overall open space proposed, amenities and location of the space. The applicant has submitted a revised open space plan (Exhibit 10). At the time of packet distribution, staff was continuing to evaluate the recent submittal. Amendment to the Development Agreement In 2005, the City approved several entitlements, including a development agreement, with Mola Development for the Geneva Commons development. The development agreement established development intensity, permitted uses and development standards for the term of the agreement. Further, the approved development agreement required certain improvements and public benefits such as in -lieu fees for parkland dedication, payment of an inclusionary housing fee, and the execution of an off -site improvement agreement with the Sandpointe Neighborhood Association. The Geneva Commons project did not proceed and the property was acquired by Vineyard Development, who has proposed a mid -rise residential development. The amendments to Development Agreement No. 2004 -03 recognize Vineyard as the primary developer and owner of the project and the primary deal points are essentially the same as those contained in the previous Development Agreement. The amendments reflect the new scope of the project, such as an increase in the number of units, as well as a new development design. All other elements of the development agreement will remain (Exhibit 7). The development agreement is a legal contract between the developer and the City that defines the terms and nature of development proposed for the project site. This agreement establishes development intensity, permitted uses and standards for the term of the agreement. In exchange for the City vesting the proposed project, the development agreement requires certain improvements and public benefits (Exhibit 7). The primary deal points of the agreement include: 75A -15