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336 ! City Manager Fales referred to the file of Pla.nning Commission minutes and the environmenta.l impact report furnished to Council for their consideration in making a decision with regard to the subject application. ° Planning Director Schroeter and City Attorney Schricker � f advised that the statement attached to the Pla.nning 3 Commission Minutes of November 5 entitled "Commercial ..r�l � Rezoning Application was the statement ma,de at that ' time by Neil Smith of Mobil and asked that it be so � identified. ' Mr. Schroeter commented a.nd he, Mr. Schricker and Mr. � Fales replied to questions concerning the a,nticipa.ted use of the subject land for a, regional shopping center; i the step-by-step action which Council would have to � take before such development takes place; and the reason , an environmental impact report on the proposed develop- ! ment is required before the application to rezone may � be considered. � Neil Smith, Mobil Oil Estates (Redwood) Limited, 350 � Mar ne orld Parkway, referred to his statement entitled € "Commercial Rezoning Application" atta.ched to the � November 5 Pla.nning Commission Minutes. Mr. Smith urged � the subject application be granted stating that : 1) the request is consistent with the General Plan and the need � for a balance of residential commercial and recreational R land uses a.t Redwood Shores; 2) the request is consistent E with the objectives of the City' s Waterfront Plan, the ,,,� � San Mateo County Genera.l Plan and the San Fra,ncisco Bay � Plan; 3) the request is compatible with the San Mateo County Airport Land Use Plan; �) the request is com- """' � patible with, a,nd in response to, the need for services ! at Redwood Shores, with the proposed center expected to ' generate construction employment for 500 persons full- s time for two years and create more than 2,000 permanent � �obs; 5) the EIR has been reviewed and found adequate with traffic impact covered in depth; 6) the concentra.- tion of activities provided by a shopping center en- courages the use of mass transit; 7) the development would provide a catalyst for other good quality develop- ment in the area, • 8) the value of the proposed improve- ments of up to $�0 million in Phase I will assist in stabilizing the District Tax Rate for GID No. 1-6�+; 9) Redwood City, San Mateo County and the Belmont School Distr•ict could also anticipate tax benefits, with the ` potential total tax revenue at the completion of the � proposed development amounting to in excess of $1 million � per year for Redwood City; and 10) the design, quality and facilities will be a source of credit and pride to the City. ! Mr. Smith then replied to questions from Council con- i cerning deta.ils of his statement. ""�' � Avner Nagar, architect for the Ta.ubman Company, devel- .�+ � opers o t e proposed regional shopping center, advised that the opening of the first part of the center would � probably take place about two years from the time work j commences. He advised that The Ta.ubman Compa:ny is the f -2- Reg.Mtg. k 12/16/74 � 1.�.----- .��b��.� . ---- ,.,4.a..--� �.