Laserfiche WebLink
SAMCEDA <br />sm�CW* Em" <br />EXECUTIVE <br />May 15, 2019 <br />COMMITTEE <br />shr"sago. <br />Churof th. B«rd <br />Honorable Ian Bain, Mayor and Members of the City Council <br />P•dWrdf_hfldnn'.H«pool <br />C/o City Clerk, City of Redwood City <br />A <br />CW,,g' <br />v <br />1017 Middlefield Road <br />Rena, <br />Redwood City, CA 94063 <br />Rrdun WoMev <br />M. Choir <br />Dev.lopnoot c"" <br />Re: Broadway Plaza (1401 Broadway) <br />ste.. htiitey <br />P..t cluir 9rw B«m <br />DFS iucWi Engitu.n, Ir.c. <br />Dear Mayor Bain and Council Members, <br />NJ <br />Paul Cwa <br />Vi«Chir. .n o. <br />My-Bu.u.W-Aden«LLP <br />Please accept this letter of support on behalf of the Board of Directors of the San Mateo <br />EN. 8'..n <br />secmnry <br />County Economic Development Association (SAMCEDA) in support of The Sobrato <br />Suemm,Hdl Aponmant <br />Organization's Broadway Plaza project. <br />R." Fnat <br />President & CEO <br />SAMCEDA <br />The San Mateo County Economic Development Association (SAMCEDA) is an economic <br />DIRECTORS <br />development and advocacy organization representing the interests of member businesses and <br />Emylen. Aq.16 <br />public institutions on important economic, political and social Issues throughout the Bay <br />Stn Francisco Intenuti9«I Aiipon <br />rtank B•rt.lda <br />Area. SAMCEDA supports high quality projects that meet or exceed the region's goals of <br />H•r4W B.nkof C...,,, <br />additional housing near robust job centers, improved transit options, and community benefits <br />dr <br />N�ooC&0& <br />Gn McCMlbn <br />that o beyond boundaries. <br />g anproject <br />y <br />C«ol DonmNy <br />Embon.den Capd.l Parte LLC <br />The Broadway Plaza project redevelops an under-utilized site into a high quality, mixed use <br />D°"" <br />Wok« <br />bsBW'Idan <br />development providing housing at a variety of income levels, fully vetted and embraced public <br />WA. G,64n, <br />amenities and commercial space for the economic innovation in our region. SAMCEDA <br />AqD%�KyHealth %.aber <br />applauds the community outreach that the City and The Sobrato Organization undertook to <br />Rink KuJ <br />analyze, design and ultimately propose a better, more inclusive We are appreciative of <br />CAM tntern,e°"•I <br />project. <br />the wide ranging community benefits that include childcare space that will have subsidized <br />Sunil P.ndya <br />W41% F.rg. <br />rent, a 1.6 -acre public open space, complete clean-up of contamination at the site, and a public <br />Mori. PuecWWli <br />shuttle connecting the project site to Downtown Redwood City. <br />Reeobgy son Mateo Guray <br />Doug Reyndds <br />K'""P•^^°^°^'• <br />More importantly, the Broadway Plaza project provides housing now as opposed to paying a <br />d°ri.1Pargo" C <br />Universal Paragon C«pontbn <br />fee in -lieu. The project proposes 520 residential units with 24 very low and 95 low income <br />R."dy Smlth <br />affordable units. The low income units achieve 22% of Redwood City's 2014-2023 RHNA target <br />O,W, America, I"c <br />with a single project. <br />AJdey Stanky <br />RKF Engin..n <br />EMERITUS ADVISORS <br />Thank you for your consideration. <br />TO THE CHAIR <br />T brk F«tar, Jr <br />51n7 , <br />F«ler &wpdus <br />/ <br />Poul Shaphrd <br />,� <br />G.gn (R.w.d) <br />Rosanne Foust <br />President & CEO, SAMCEDA <br />1900 O'Farrell Street, Suite 380 1 San Mateo, California 94403 1 P 650.413.5600 F 650.413.5909 1 www.samcedo.org <br />