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C. Downtown Precise Plan Maximum Allowable Development Status Update and Direction (613) Recommendation: Approve resolution clarifying the Downtown Precise Plan's square footage allocation process for development applications currently submitted; and, by motion direct staff to return to Council with a recommended process for development applications which would exceed the Maximum Allowable Development (MAD) allowed under powntown Precise Plan. MINUTE ORDER 14-151 RESOLUTION NO. 15372 OF THE COUNCIL OF THE CITY OF REDWOOD CITY CLARIFYING THE DOWNTOWN PRECISE PLAN SQUARE FOOTAGE ALLOCATION PROCESS FOR DEVELOPMENT APPLICATIONS Mr. Aknin, Community Development Director, presented the report explaining where the City stands regarding development, applications and how the Downtown Precise Plan (DTPP) has in many ways accomplished what it was meant to do. He also covered the staff recommendation in detail explaining the rationale and possibilities behind the "reservation process during planning entitlement phase and that staff recommends that the DTPP be amended to allow flexibility between MAD categories." Mr. Aknin provided clarity on next steps for staff, timeline as well as various scenarios for developers. Public Comment Eric Lochetfeld, co-owner of the Fox Theater with Ms. Lori Lochetfeld, congratulated the Council on the Downtown Precise Plan and on how far and fast it has come. He spoke about the excitement and "buzz" about the City and introduced various people in the audience on his development team and their plans for a future project that includes more parking. Mollie Ricker, with Dostart Development Company, LLC, spoke about their development project at 601 Marshall Street and how they need help to be able to continue. She complimented the City staff as being great and working very hard and the Downtown Precise Plan as being very clear and detailed, but they would like more certainty in the process and feel that adding new requirements now seems unreasonable. She spoke in favor of following the staff recommendation regarding the square footage but to clarify the resolution so that there will be no new requirements after a project is submitted. Alicia Guerra, a land use attorney with Dostart Development Company, LLC, spoke in support of the staff recommendation about the square footage, but opined that there needs to be further clarification on the resolution in terms of what is deemed complete or "substantially" complete under the square footage cap in order to avoid confusion, streamline the process, and provide more certainty in a timely fashion. Mark Johnson, Managing Director representing the Acclaim companies, spoke about their 133 apartment development project at the corner of Winslow and Brewster and applauded Council on the Downtown Precise Plan, opining that this plan is what other cities should do with development. He expressed concern about office allocations being JOINT CITY COUNCIL/SUCCESSOR AGENCY BOARD September 22, 2014 MEETING MINUTES PAGE 10 MINUTE BOOK NO. 65 Page No. 243