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Chapter 1 Introduction <br />provide a framework for the development of compact, transit - oriented development that contains a mix <br />of residential, commercial, and professional uses in order to address the City's and the region's goals of <br />providing sites for housing in already urbanized locations that are adjacent to transit, thereby reducing <br />vehicle trips, stimulating investment in underutilized land, and improving the jobs /housing balance <br />within the City. This will lead to potential development of approximately 4,075 residential units, <br />387,000 sf of retail development, and an additional 15.5 acres of open space within the City. Adoption of <br />this project would allow the City to consider subsequent actions consistent with these updates in the <br />General Plan and Land Use designations. Table 3 -1 (Summary of Transit Zoning Code [SD84A and <br />SD8413] Development Potential) lists the overall potential net change that would occur as a result of the <br />project area. <br />In terms of net development, the Transit Zoning Code would allow for the potential development of <br />approximately 351,000 square feet (sf) of retail development and the addition of new open space within <br />the City. Creation of this Transit Zoning Code area would allow the City to consider subsequent actions <br />consistent with these updates. Table 1 -1 (Summary of Transit Zoning Code Potential Net Change) lists <br />the overall potential net change that could occur as a result of any new construction built pursuant to the <br />standards contained within the Transit Zoning Code. <br />Table-1-71 <br />Land Use Type <br />Summary of Transit <br />Potenfial Gross Development <br />Zoning Code Potential Net Change <br />Existing Uses to be Converted Potential Net Development <br />Residential (units) <br />4,272 <br />197 <br />4,075 <br />Retail (sf) <br />693,00 <br />306,00 <br />387,000 <br />Industrial (sf) <br />90,000 <br />1,080,000 <br />(990,000) <br />Commercial (sf) <br />0 <br />124,000 <br />(124,000) <br />Civic (sf) <br />8,000 <br />29,000 <br />(21,000) <br />Open Space (sf) <br />680,000 <br />0 <br />680,000 <br />Surface Parking Lot (sf) <br />67,000 <br />1,839,00 <br />(1,772,000) <br />The key procedural actions related to the Transit Zoning Code and CEQA include: <br />• Circulate Initial Study /Notice of Preparation (30 days) July 20, 2006 - August 22, 2006 <br />• Filed NOC and Circulated Draft EIR February 2, 2010 <br />• Conducted Scoping Meeting at February 22, 2010 Planning Commission Meeting <br />• Re- Circulated Alternatives Section /extended DEIR review period, February 24, 2010- April 12, <br />2010 <br />• Conducted Scoping Meeting at March 22, 2010 Planning Commission Meeting <br />Revised Station District Project and FOL Settlement Agreement Findings of FacVStatement of Overriding 1 -3 <br />Considerations <br />80A -16 <br />