Laserfiche WebLink
RESOLUTION NO. ____ <br /> <br />RESOLUTION OF THE COUNCIL OF THE CITY OF REDWOOD <br />CITY CLARIFYING THE DOWNTOWN PRECISE PLAN SQUARE <br />FOOTAGE ALLOCATION PROCESS FOR DEVELOPMENT <br />APPLICATIONS <br /> <br /> WHEREAS, the Downtown Precise Plan (DTPP) was formally adopted by <br />the City Council on January 2011 and amended on July 22, 2013 in order to <br />“orchestrate private and public investment actions in the Downtown”; and <br /> WHEREAS, the DTPP specifies the Maximum Allowed Development <br />(MAD) for several categories of development, including 2,500 net new dwelling <br />units, 500,000 net new square feet of office gross floor area, 100,000 net new <br />square feet of retail gross floor area, and 200 net new guest lodging rooms; and <br /> WHEREAS, the MAD for each category of development was developed <br />primarily based upon the existing economic conditions at the time of formal <br />adoption and amendment of the DTPP and which are also reflected in the City’s <br />General Plan adopted in 2010; and <br />WHEREAS, the DTPP states that upon issuance of a building permit, a <br />project shall be deemed to be entitled to the number of dwelling units or square <br />footage specified in the building permit. The DTPP also states that no building <br />permit may be issued to allow a net increase in development in excess of the <br />MAD in any category; and <br /> WHEREAS, as of September 2014 the City has entitled 1,239 net new <br />dwelling units, 311,040 net new square feet of office, and 584 net new square <br />feet of retail. No lodging units have been entitled; and <br />ATTY/RESO.3023/CC DOWNTOWN PRECISE PLAN SQUARE FOOTAGE ALLOCATION <br />REV: 09-18-14 VR Page 1 of 4 <br />9.C. - Page 10