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Location: 1000 Seaport Boulevard; Being approximately 116 acres located at the terminus of Seaport Boulevard; APN 054-300-(170, 180, 190,370,380,410,430,470,490); "H-2" (Heavy Industrial) Zoning district (San Mateo County), and 100 acres to the southeast of the above 116 acres; APN 054-300-240; "H-2" (Heavy Industrial) Zoning District (San Mateo County.) REPORTS All documents and letters are available in the City Clerk Department Planning Director Patterson presented the staff report which provided information requested by Council at the last Study Session regarding: A list of the significant environmental impacts as identified in the Pacific Shores EIR; A list of "Pros and Cons" should the project be built or not built; A memo regarding the impact of the project on the Congestion Management Program; and A breakdown of how property taxes are distributed. Vice Mayor Hartnett advised that the purpose of the Study Session was to listen to information provided by the developers, the Port tenants, the Port Commission Chairman and concerned citizens, and to engage in a dialogue with the Planning Commissioners. Vice Mayor Hartnett emphasized that there would be no action taken and no decisions made at this study session regarding this project. Peter Brandon, Jones Lang Wootton Realty Advisors, Project Manager for Pacific Shores, Center introduced the topics to be discussed and their presenters. Bruce Sirof, senior partner of Jones Lang Wootton Realty Advisors, 101 E. 52nd Street, New York, addressed environmental, traffic, community concerns and mitigation measures. Mr. Sirof described the project's progress over 3.5 years, the investment of Illinois Teacher's Pension Funds and the developers commitment to the long term aspects and quality of the project. Bob Arnold, 461 Marlowe, Palo Alto, from the Center for the Continuing Study of California Economy, advised his firm had been analyzing California's economy for 25 years and stated the Bay Area continues to outpace national economic growth. Mr. Arnold stated the fastest growing industries were high tech, high tech for export, and research and development related activities, all of which had a strong base in the Bay Area. Mr. Arnold stated there is an opposing trend in the U.S. economy which is away from heavy manufacturing. Amy Herman, Sedway Kotin Mouchly Group stated that land at the end of Seaport Boulevard was too expensive to be developed by heavy manufacturing interests who would likely never want the land. Ms. Herman added that there was ample land in the East Bay at half the cost and access to water that would be more accommodating to heavy manufacturing interests. Ms. Herman discussed the advantages of the 10 acres the Port would derive from this development. Special Adjourned Council Meeting, Study Session Minutes MINUTE BOOK NO.5 Page No. 265 July 17,1995 Page 2 . _. ..--..