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01/24/2011 <br /> Exhibit B <br /> 6. Enhanced economic development. By encouraging and facilitating high - <br /> quality, context - sensitive development, the Downtown Precise Plan will help support <br /> economic development. Future office, residential, and hotel construction will place new <br /> customers within easy reach of Downtown shops and restaurants, increasing their chances <br /> for success. Increased economic activity in Downtown, combined with the protections in <br /> the Downtown Precise Plan, will add value to historic resources, increasing the likelihood <br /> of adaptive re -use and reducing the odds of neglect. Increased property values and retail <br /> sales will also increase revenue for the City of Redwood City, improving its ability to <br /> provide public safety and services. <br /> 7. Reduced suburban sprawl. Development is often difficult in existing <br /> urban areas due to smaller sites, high land costs, increased likelihood of opposition, and <br /> stringent zoning, which often leads developers to seek out sites at the edge of the <br /> metropolitan area where there are fewer constraints. However, low density growth in <br /> rural areas (often called "suburban sprawl ") increases congestion on regional highways, <br /> destroys farmland and wildlife habitats, and requires expensive new infrastructure. By <br /> allowing for a reasonable amount of regional growth in a very desirable and efficient <br /> infill location, the Downtown Precise Plan can have the benefit of reducing pressure for <br /> future suburban sprawl by a corresponding amount. <br /> 8. Preservation of sensitive neighborhoods. By providing for higher- density <br /> residential growth downtown, the Downtown Precise Plan would relieve growth pressure <br /> on some of the City's more sensitive neighborhoods which are dominated by low -rise <br /> single family homes and are known or expected to contain many of the City's historic <br /> resources, thereby better maintaining the character of those neighborhoods and better <br /> protecting existing and future historic resources. <br /> U: \Resolutions\2011\Reso 15086 Exhibit B.doc 62 <br /> 012011 Reso. # 15086 <br /> Muff #601 <br />