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

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6.A. - Page 2 of 9 directed staff to design pilot traffic calming improvements for the priority intersections identified through the community workshops, and to study these measures during the CEQA analysis for the Phase I plans for the Veterans Memorial Building/Senior Center -YMCA Project. The additional community outreach undertaken and project review has expanded the original scope of work to prepare the EIR in accordance with CEQA guidelines for the Veterans Memorial Senior Center/YMCA Joint Project. With regards to traffic and parking concerns, the additional scope of work includes inclusion of the four proposed traffic calming measures, the traffic impact of five additional intersections, the addition of Vehicle Miles Traveled (VMT) Analysis and updating the parking demand analysis report. In addition, the original scope of work assumed the EIR would rely on the City's Climate Action Plan for analysis of the Project's greenhouse gas emission (GHG) impact. However, it is expected that the Project would not be operation prior to the end of the year 2020, and the City's current Climate Action Plan only analyzed GHG impacts to the end of year 2020. Though the Climate Action Plan is now in the process of being updated, completing a quantitative analysis of the Project's emissions in the context of the State's 2030 GHG emission target will avoid delaying the completion of the EIR. ANALYSIS Residents living near the Project site at the Red Morton Park campus may be impacted by traffic and parking issues. Given the site's setting, and the changes to the Project scope arising from additional community outreach, staff believes that the additional traffic and parking analysis as well as the GHG emissions analysis is warranted. FISCAL IMPACT Based on the Schematic Design, the Phase I Project cost is estimated at $59.4 million. At this time, the City has appropriated a total of $15.0 million for this Project, with $14.0 million comingfrom Parks Impact Fees (development fees) and $1.0 million from Stanford University's development agreement with the City. The City is currently researching the use of debt financing (lease revenue bonds) to cover the estimated shortfall of $44.4 million. The contract amendment, totaling $81,655, will bring the total Environmental Review cost to $206,457. This cost will be included in the overall Project costs. The City will pay the costs incurred in connection with the environmental review requirements associated with the development of the Project pursuant to CEQA. As this is a joint project, YMCA -SV will reimburse the City for fifty percent (50%) of all CEQA costs once there is a determination for a project. ENVIRONMENTAL REVIEW The requested action is not a project under California Environmental Quality Act (CEQA) guidelines, Section 15378, because the agreement itself has no potential for resulting in either a direct or foreseeable physical change in the environment. A full EIR will be prepared for the proposed Project. City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.ore 8