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9.C. - Page 11 <br /> INTRODUCTION <br /> The City of Redwood City("City") is pleased to announce the development opportunity of approximately <br /> one acre on Bradford Street ("Site") in downtown Redwood City. The City is seeking proposals for the <br /> development of a mixed use, affordable housing with publicly accessible open space on the Site. <br /> Development teams experienced in high quality, high density, and mixed use commercial and affordable <br /> rental housing development are invited to submit their proposals for the project ("Project"). <br /> Project proposals must include the design, development, financing, construction, ownership and <br /> management of affordable rental housing and any related commercial uses. The Project must conform <br /> to the Downtown Precise Plan (DTPP) available to view at the following web page (hard copies are <br /> available for a fee): http://www.redwoodcity.org/phed/planning/precise/preciseplan.html <br /> The Project must include high quality design, materials, and construction. Its architectural character <br /> must meet community expectations by engaging the community both physically and aesthetically. The <br /> project must comply with the standards of architecture, materials, and construction defined in the Plan. <br /> Applicants are encouraged to consult with the Redwood City Planning Division with questions relating to <br /> the development standards. <br /> The City reserves the right to use either its Charter powers to effectuate the conveyance of the publicly- <br /> owned properties identified in this RFP. A map showing the publicly-owned properties and the parcel <br /> configurations is attached in Appendix A of this RFP. <br /> The City anticipates that the RFP process will take approximately three months, after which time staff <br /> will recommend to the City Council one entity for negotiation of the appropriate development <br /> agreement. While the dates and schedule stated in this RFP represents the City's preferred timetable, it <br /> shall not be considered binding upon the City. In addition, the submission of a proposal in response to <br /> this RFP shall not be binding upon the City nor construed as a contract with or commitment by the City. <br /> BACKGROUND <br /> The parcel at 707 Bradford was acquired in 2004 with former Redwood City Redevelopment Agency <br /> (RDA) Low-Moderate Housing Set Aside (LMH) funds for 1.4 million and the parcel at 777 Bradford was <br /> acquired for 1.2 million with a combination of Community Development Block Grant (CDBG), HOME <br /> Investment Partnership Program (HOME) and former RDA-LMH funds. The intention was to develop <br /> affordable senior housing and a childcare facility. <br /> The City completed the demolition of an existing two-story office building on 707 Bradford and <br /> completed Phase I and II Environmental Site Assessments. Due to lengthy environmental assessment <br /> process a specific development project was not identified within the required federal CDBG and HOME <br /> program limitations. As a result, in 2009, the former RDA used its LMH funds to reimburse both the <br /> CDBG and HOME acquisition funds. This transaction removed federal funding from the Site and related <br /> requirements. In 2011 the parcels were transferred from the RDA to the City.The use of RDA LMH funds <br /> requires the inclusion of below market rate housing in the Project. <br /> 1 <br />