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06/07/2004 including meeting housing demand and providing affordable housing, and is, therefore, not be a feasible alternative to the Project. F. Reduced Commercial, with Reduced Building Heights, Reduced Marina Fill, Added Hotel, Improved Design, Increased Retail and Incorporation of Bayfront Study Transit and Transportation Demand Management (TDM) Measures (Alternative 6) Description: Alternative 6 assumes that the Project site would be developed as a mixed use residential - commercial complex similar to the Initial Project, with the same residential unit total, but with a redesign that would include modifications in building heights and building placement to substantially reduce visual impacts, an increase in the amount of commercial floor area devoted to local- serving convenience retail to "internalize" more vehicular trips and thereby reduce traffic impacts, the addition of a 200 -room hotel, and the incorporation of additional specific transit provisions and TDM measures (recommended in the City's Bayfront Study) to reduce peak period vehicular trips. Accordingly, Alternative 6 would include up to1,930 condominium residential units for sale (the same as the Initial Project), and a reduction in commercial floor area from 312,000 square feet (the Initial Project) to 175,000 square feet, including 25,000 square feet of service retail (as opposed to 12,000 square feet under the Initial Project). Alternative 6 would include more multi -story structures (seventeen residential buildings and one hotel "tower ") than the Initial Project (thirteen towers), although the maximum residential structure height would be reduced from 260 feet to 240 feet, and the maximum height at the Peninsula Marina portion of the site would be further reduced to 205 feet. Alternative 6 would also result in less marina fill (approximately 10 acres) than the Initial Project (approximately 11.54 acres). Findings: Alternatives 4, 5 and 6 are similar in number of residential units (1930) and commercial (office) square footage (150,000 square feet). Alternative 6 contains an additional 12,500 square feet of retail space (which, under the Project Development Agreement, would have to be timely developed to permit full residential development); and allows a hotel of up to 200 rooms, which would not be included in the Initial Project, Alternative 4 or Alternative 5, as well as a number of significant design improvements. The additional retail space and development reconfiguration elements of Alternative 6 are feasible measures which significantly reduce traffic generation visual impacts., Peak traffic for the hotel will not occur at the same times as peak traffic from the rest of the Project. Therefore, inclusion of the hotel will not substantially increase potential environmental impacts. The proposed hotel will also provide significant economic development benefits to the City. The City has, therefore, determined that incorporating features of Alternative 6, with the hotel, provides the greatest feasible reduction of potential environmental impacts of any identified alternative for the Project. 1289 \02 \179278.2 39 Atty /Reso /Reso.1470 14590 060804 Muff # 304 Bin 26