AgdaPkt 2015-05-18 Closed and Joint SA and PFA

Browse Search

9.C. - Page 6 • Ability of the developers to implement high quality development projects within budget and with timely project delivery, including a limitation on claims or delays that may affect project timeliness; • Evidence of prior successful experience developing and managing high quality mixed-use projects; • Evidence of and commitment to Green Building fundamentals and integration into the project design and construction; • City subsidy, if any, required ensuring project viability, including the subsidies required per affordable unit; • Incorporation of onsite community improvements (onsite park, childcare, etc.), and • Other factors as appropriate. Next Steps Schedule City staff has proposed the following schedule, which reflects Council's commitment to proactively addressing the serious affordable housing issues facing Redwood City and the region. • Publication of RFP May-June, 2015 • Proposal Submittal Deadline July, 2015 • Proposal Presentations September, 2015 • Selection of Preferred Developer October, 2015 • Development Agreement Negotiations October to December, 2015 • Execution of Development Agreement January, 2016 Staff Recommendation Staff recommends that Council review this staff report and RFP document, provide comment, and direct staff to release the RFP according to the proposed schedule, as modified by Council as necessary. Council may want to consider the following key questions: • Affordability ratio- Does Council expect a 100% affordable housing project or would a mixed-income development, including market-rate units, be appropriate if additional community improvements could be achieved? • Community improvements- beyond those suggested in this staff report, are there others that Council expects to be included as mandatory or suggested community improvements?