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Item No. 3 (continued) Mr. Podell replied to questions and commented concerning details of his plans, alternatives he has considered, his intention to provide the amenities with Phase II for which a bond will be required, the restric- tions on voting within the homeowners association, and his plans to proceed, if the appeal is denied. Vice Mayor Britschgi noted for the record that Mr. Podell states that he plans to proceed with development of the two units at the front of the property first because of the construction traffic. Discussion continued and Mr. Podell filed the "report of the Department of Real Estate of the State of California in the matter of the application of Pelican Cove Development Company" provided as information to purchasers (Exhibit C), stating that he has written approval of the Department on the specifics of his development. Steve Schneider, 4 Cove Lane, stated that his questions have been addressed, he supports the plan of Mr. Podell for Phase II as approved by the Planning Commission and urged Council to reject the appeal so that the project can be completed. Don Warren, President, Redwood Shores, Inc., 350 Marine World Parkway, representing the master developer of Redwood Shores, spoke in support of the Planning Commission decision to grant the PDP. Mr. Warren stated that he and his staff had addressed the issues from the perspectives of the developer, the present owners of Pelican Cove and the homeowners at large, and believe that Mr. Podell has created a unique, well- designed project which will benefit the Shores. Mr. Warren stated that he understands the market conditions which have prompted the alterations and urged Council to deny the appeal and allow Mr. Podell to complete the project. W. Thiersch, 2 Cove Lane, stated that he believes Mr. Podell has made an excellent attempt at compromise in a difficult situation and urged Council to reject the appeal. Larry Holcomb, 2737 Velvet Way, Walnut Creek, independent appraiser of planned unit developments employed by Mr. Podell, suggested there is a likelihood of enhanced values of all Pelican Cove units if the project is completed as approved. Gregg Doran (see above page 3) responded to question stating he is speaking as an individual and believes that most Pelican Cove owners support the appeal. Mr. Doran commented concerning conversion of the units and suggested the developer should have advised owners of Phase I of proposed changes in Phase II earlier. M. H. Podell (see above page 3) replied to comments regarding notice, stated he had been thinking for some time of changes to make the project financially feasible and retain the exterior appearance originally planned, but did not present a plan until recently. Mr. Podell urged Council to deny the appeal. Reg.Mtg. 3/21/83 Page 4 MINUTE BOOK NO. 44 Page No. 86