AgdaPkt 2018-06-11 Closed and Joint SA PFA

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6.1.F. - Page 2 Aqreement (DDA) between the City and MidPen Housing. The DDA describes the terms and conditions that will govern the conveyance of the property and the development of the project. The DDA includes the development terms and defines obligations and responsibilities of MidPen Housing and the City and outlines key elements including the project description and project attributes, design and environmental review process, financing plan, development schedule, incorporation of a childcare center, and development of the Creekside Trail, among other DDA elements. On December 5, 2017, the Planning Commission approved a Downtown Planned Community Permit with seven Guideline deviations, a Vesting Tentative Parcel Map, and a density bonus parking concession for the Project. No appeal of the Planning Commission's decision was filed. The decision became effective on December 21, 2017. Backqround on Need for Property Exchanqe The City is the owner of the real property consisting of three contiguous parcels located on Bradford Street between Main Street and Jefferson Avenue within the boundaries of the City's Downtown Precise Plan, known as San Mateo County Assessor's Parcel Nos. 052-372-200, 052-372-170 and 052-372-240. A majority of this site temporarily is being used as a surface, automobile parking lot. During the development and title review process, City staff identified that a portion of the property was conveyed to the City in trust by the State of California (State Lands Commission) in the 1940s. The granting statute that conveyed this land to the City has certain restrictions on it. Most notably, it allows for certain uses on this land, and residential use is not an allowed use. The portion of the property that was granted to the City was the historical location of Redwood Creek. In the 1960s, Redwood Creek was rerouted, and the original location of Redwood Creek was filled. However, the granted lands map were not updated at that time. Therefore, the conflict remains, and the land must be exchanged "out of the trust" with another Redwood City based property. As described below, the property that is being proposed to come into the trust is a portion of the City owned property on Maple Streets located within and adjacent to Steinberger Slough. Additional details about both properties, as well as the State Lands Commission exchange process, can be found in the Analysis section below. ANALYSIS In order to allow the affordable housing development project at 707-777 Bradford Street to proceed, the City must complete a land exchange agreement with the California State Lands Commission.