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

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Ordinance No. XXX 2. The Applicant proposes a unified development on the Property consisting of approximately 6.40 acres (278,812 square feet). 3. The Applicant proposes to demolish the existing buildings on-site and redevelop the Property with the subsequent construction of two office buildings and one residential building, both with community -serving uses located on the ground floor, with a total floor area of approximately 420,000 square feet. An underground parking garage and small surface lot would include approximately 1,000 spaces (the "Project'). SECTION 5. As required by Section 302 of Resolution No. 4159 and based on an analysis of the facts set forth above, the staff report to the City Council, the presentation to the Council, supporting documents, and public testimony, the City Council hereby adopts the following as its findings: The Development Agreement is consistent with the objectives, policies, general land uses and programs specified in the General Plan and the EI Camino Real/Downtown Specific Plan. The Development Agreement is compatible with the uses authorized in and the regulations prescribed for the SP-ECR/D land use district in which the Property is located. 3. The Development Agreement is in conformity with public convenience, general welfare and good land use practices. 4. The Development Agreement will not be detrimental to the health, safety and general welfare of the City or the region surrounding the City. 5. The Development Agreement will not adversely affect the orderly development of property or the preservation of property values within the City. 6. The Development Agreement will promote and encourage the development of the Project by providing a greater degree of certainty with respect thereto. 7. The Development Agreement will result in the provision of public benefits by the Applicant, including, but not limited to, financial commitments. SECTION 6. Based upon the above findings of fact, the Development Agreement for the Project is hereby approved. The City Council hereby authorizes the Mayor to execute the Development Agreement and all documents required to implement the Development Agreement on behalf of the City. SECTION 7. No later than ten days after this ordinance is effective and has been executed by all parties, the City Clerk shall record with the San Mateo County Recorder a copy of the Development Agreement, as required by Government Code Section 65868.5. PAGE 254