AgdaPkt 2019-09-09 Joint SA PFA - Laserfiche WebLink

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Staff Report #: 17 -028 -CC Page 2 The resolutions became effective immediately with the Council's action. Analysis In addition to the adopted resolutions, the project includes an Ordinance to approve the Development Agreement between the City and the Applicant for the provision of public benefits in exchange for vested rights. The City Council voted 5-0 to introduce the above mentioned Ordinance at the January 24, 2017 meeting, with no changes. Since an Ordinance requires both a first and second reading, the proposed Ordinance is before the City Council again for the second reading and adoption. Impact on City Resources The project sponsor is required to pay Planning, Building and Public Works permit fees, based on the City's Master Fee Schedule, to fully cover the cost of staff time spent on the review of the project. In addition, the proposed development would be subject to payment of Transportation Impact Fee (TIF), Specific Plan Transportation Infrastructure Proportionate Cost -Sharing Fee, and the EI Camino Real/Downtown Specific Plan Preparation Fee. These required fees were established to account for projects' proportionate obligations. The project would also include a $2,100,000 cash contribution, which could be used for public improvements in the Specific Plan area. Environmental Review On January 24, 2017, the City Council adopted a resolution that certified the EIR, made the CEQA findings, adopted the Statement of Overriding Considerations, and adopted the Mitigated Monitoring and Reporting Program. Public Notice Public Notification was achieved by posting the agenda, with the agenda items being listed, at least 72 hours prior to the meeting. Attachments A. Draft Ordinance Approving the Development Agreement Report prepared by: Thomas Rogers, Principal Planner Report reviewed by: Arlinda Heineck, Community Development Director City of Menlo Park 701 Laurel St Menlo Park, CA 94025 tel 650-330-6600 www.menlopark. oro PAGE 252