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based on their measures they have seen a big increase in community participation and savings. She thanked the Committee and staff for their hard work. Mayor Gee opened the public hearing. There was no public comment. M/S Howard/Seybert to close the public hearing. Motion carried 6-0 by roll call vote with Council Member Aguirre absent. M/S Bain/Pierce to approve the recommendations as stated. The motion carried unanimously by electronic vote with Council Member Aguirre absent. 9. STAFF REPORT(S) A. Community Benefits - Partnership Redwood City (613) Recommendation: (1) Direct staff to prepare a final framework for a Community Benefits Program. Mr. Aknin, Assistant City Manager, presented the report (presentation on file) explaining what the agenda was for tonight. He described what the program is and how it is a way for the City and residents to work with developers to obtain benefits that will contribute for the long term. He said that Redwood City this city has a proven development market and cited the downtown Courthouse Square and thanks to the Downtown Precise Plan. He said that people do want to develop here and the city is now in a great negotiating situation and there is a need to formalize a structure for development in the future as a catalyst for other investment and to set the foundation. He mentioned some early improvements which include the Annex, which was taken down to not mask the downtown courthouse square, as well as the vision has been set and the framework has been delineated and the truth is that it is clear for developers. He noted what the City has already received in a way of benefit community items and he listed items like Stanford in Redwood City, Transportation Impact Fees and Park fees. He then outlined the steps and how the outreach has been intense and it is followed by economic analysis so that the picture is clear and then create the actual framework. In terms of identifying the benefits the community has expressed he said reported that meetings have been held and MindMixer has also been used to collect input. He provided information on the tone of the meetings. He noted that DDS did the economic analysis so it could be determined for what kind of development would this program be viable. He also covered the fees for adoption including an impact fee and how a nexus study is being conducted and the City is in the one from the County, he also covered the percent for art, and have Council adopt a local transportation demand ordinance. He also mentioned onsite community improvements and the last is a Community Fund to be built up through development and he the covered the business participation. He also noted the possibility of a volunteer match type of agreement. He said that staff has been doing a lot of outreach and in the end there are finite resources and he shared the economic constraints related to the cyclical economy and the zoning capacity. He said all these are elements that need to be considered and JOINT CITY COUNCIL/SUCCESSOR AGENCY BOARD/ March 23, 2015 PUBLIC FINANCING AUTHORITY MEETING MINUTES PAGE 5 MINUTE BOOK NO. 65 Page No. 351