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Proposed Community Benefits <br />Public open space (property perimeter) <br />Developer Offer in addition to Required fees <br />Blomquist Bridge <br />Prefund and construct work (benefit should be no more <br />$1.2m to Magical Bridge Foundation <br />than interest rate on money City "borrows." for the $29m <br />$4.8m to Bays & Girls Club <br />project, i.e. $17m borrowed @ 3% interest) <br />$500,000 to Redwood City Education <br />$8m <br />Woodside 101/84 Interchange <br />$5.3m <br />Affordable Housing <br />$12.4m <br />Donation to the Saint Francis Center far <br />the acquisition of affordable housing <br />$2.1m <br />units <br />Childcare <br />$1m <br />Community shuttle (10 year commitment <br />$2.25m <br />to fund an East/West shuttle) <br />Park contribution <br />$5 m <br />Public open space (property perimeter) <br />$2.25m <br />Community Philanthropy <br />$7.25 <br />$1.2m to Magical Bridge Foundation <br />$4.8m to Bays & Girls Club <br />$500,000 to Redwood City Education <br />Foundation <br />$250,000 to Reading Partners <br />$500,000 Scholarship fund far RWC youth <br />Bloomquist Enhancements over City <br />$2.1m <br />Standard and Old Seaport Bike Path <br />TOTAL <br />$45.55m <br />