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<br />CWM:djm 3/28/90 RD-7/27) <br /> <br />reason that this alternative would not be feasible is <br /> <br />that second story space does not command sufficiently <br /> <br />high rents to justify the land costs. For this project <br /> <br />it is estimated that first floor space would rent for <br /> <br />an average of $2.50 per square foot per month, while <br /> <br />second floor space would rent for an average of $1.50 <br /> <br />per square foot per month. <br /> <br />C. SELECTION OF THE EL CAMINO REAL ACCESS ALTERNATIVE. <br /> <br />1. SIGNIFICANT EFFECTS. <br /> <br />This alternative is a refined version of the <br /> <br />proposed project and achieves consensus on the primary <br /> <br />components of the plan between the Developer and the <br /> <br />Redwood City Redevelopment Agency. <br /> <br />The alternative <br /> <br />includes a third si te driveway on EI Camino Real, a <br /> <br />left turn vehicle storage lane on Jefferson in the <br /> <br />Project driveway, <br /> <br />a pedestrian promenade, <br /> <br />covered <br /> <br />seating for commuters, increased parking and connection <br /> <br />between the bus and train stations. <br /> <br />2. FINDINGS. <br /> <br />This alternative would have impacts practically <br /> <br />indistinguishable from the impact of the proposed <br /> <br />project. The mitigation measures would likewise be <br /> <br />identical to those of the proposed Project. Therefore, <br /> <br />as used ln this resolution, "project" or "proposed <br /> <br />project" shall refer to the EI Camino Real Access <br /> <br />Alternative to the Project discussed in the Final EIR <br /> <br />at pages RTC-43 to RTC-46. <br /> <br />In addition, a traffic <br /> <br />study should be conducted to establish specific needs <br /> <br />19 <br /> <br />l.~. ~ <br />.~- <br /> <br />.... ,""'-'u ~ <br />u;J <br />