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3 3 '7 developer of Southland in Ha.ywa.rd, Sun Valley in Concord, and Eastridge in San Jose, and is, therefore, experienced both in establishing such centers and familiar with the Bay Area. Mr. Naga,r replied to questions regarding the """""` proposed occupants of the shops. �� Stuart Clark, Director of Marketing and Economics for �ie es ern Region, The Taubman Company, stated that in the .first phase annual sales of $50-60 million are an- ticipated, resulting in about $500-E00,000 of sales tax revenue to the City. Mr. Clark replied to questions from Council concerning financing. Mr. Fales requested that the record show that the City' s present sales tax revenue is about $2 million a year. Malcolm _B� �c_�e, Pla.nning Consultant for the City of San Car�os—a�so representing the City of Belmont at the re- quest of City Manager DeChaine requested that the Council deny the subject applica.tion, and tha.t the site remain zoned Tidal Plain. Mr. Byce advised that Dr. Jackson Faustman, traffic engineer retained by San Carlos and Belmont, suggested the proposed center would create an impossible level of traffic congestion. Mr. Byce sug- gested the rezoning must be denied because of the in- ability of the Council to find that the rezoning will not cause serious traffic congestion. Mr. Byce replied . to questions and commented concerning traffic, and, in ,�. response to question, acknowledged that residents of San Carlos and Belmont might be expected to shop at the .�;,. proposed center. . Robert Saint, 872 Chesterton, Chairman of the Conserva- tion Committee of the Redwood City/Woodside Sierra Club, expressed concern about the Phelps Slough area , sug- gesting a regional shopping center poses environmental problems. Mr, Saint urged denial of the subject appli- cation and that the site be retained as Tidal Plain and left in open spa.ce. Mr. Saint suggested that the San Carlos airport might have to be moved and that there might be loss of sales tax revenues to adjacent cities. It wa.s explained to Mr. Saint that it has been deter- mined by those qualified to do so tha.t no prospective problems exists with regard to San Carlos airport. In response to question as to whether or not the Sierra. Club participated in the land exchange arrangements between Mobil and the State of California, Mr. Saint a,dvised he wa,s unable to answer. Rick Thurber, 1583 Oxford, member of the Sierra Club, a v se e could reply and stated that he attended a meeting regarding the land exchange and that the settle- �""" ment did not give Mobil a. right to develop its land. In response to Council request for the reply regarding � Sierra, Club participation which he had volunteered, Mr. Thurber stated that the Club did paxticipate in an information-type meeting which he attended, but said he could not reply as to the extent of Club participa- tion. Mr. Thurber observed that in his view "quickie" consideration was given to the land excha.nge . -3- Reg.Mtg. , 12/16/7�+ - . .--�