AgdaPkt 2019-03-25 Joint SA PFA - Laserfiche WebLink

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6.B. - Page 2 of 77 conveyed to the City intrust with certain reserved rights held by the State of California, which necessitated a land exchange with the State Lands Commission that was completed on February 27, 2019. The DDA also included an Affordable Housing Regulatory Agreement as an exhibit, which must be entered into prior to final parcel map approval under the conditions of approval. The Council action approving the DDA already includes authorization for the City Manager to take all actions necessary to carry out the DDA, which would include the authority to execute that agreement. The development consists of a seven -story building with 117 units for seniors at the very low income affordability level, a ground -floor child care facility of approximately 8,000 square feet located at 707 Bradford Street and an approximately 360 feet long publicly -accessible creekside trail along Redwood Creek. On December 5, 2017, the Planning Commission approved the application for Downtown Planned Community Permit (DPC2017-03) and Vesting Tentative Parcel Map (TM2017-03). ANALYSIS The developer's engineer completed the parcel map, improvement plans, and specifications compliant with the Subdivision Map Act, Redwood City Ordinances, City Standards, and to the satisfaction of the City Engineer. The parcel map merges three existing parcels into one. Improvements include new water services, a new fire hydrant, new sanitary sewer lateral, new storm drainage improvements, new Creekside trail, sidewalk modifications, trees, and pedestrian lighting per Downtown Precise Plan standards. The developer, MiclPen Housing, will post bonds in the amount of $1,102,826.00 as required by the Improvement Agreement. All work associated with this project is being paid for by the developer. The developer anticipates completion of all improvements spring of 2021. FISCAL IMPACT There is no fiscal impact to the City as a result of this action. ENVIRONMENTAL REVIEW This activity is not a project under California Environmental Quality Act (CEQA) as defined in CEQA Guidelines, section 15378, because it has no potential for resulting in either a direct or reasonably foreseeable indirect physical change in the environment. On December 5, 2017, the Planning Commission determined that the project was exempt from CEQA pursuant to CEQA Guidelines Section 15332 (Infill Development Projects). PUBLIC NOTICE Public Notification was achieved by posting the agenda, with the agenda items being listed, at least 72 hours prior to the meeting. ALTERNATIVES Council may choose not to approve the parcel map and associated agreements for the project. City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.ore 17