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, � _...�.�., �.�.... ___ 09/23/2013 ORIGINAL ORDINANCE NO. 2400 ORDINANCE OF THE CITY COUNCIL OF THE CITY OF REDWOOD CITY APPROVING THE DEVELOPMENT AGREEMENT BY AND BETWEEN THE CITY OF REDWOOD CITY AND STANFORD UNIVERSITY FOR THE DEVELOPMENT OF THE STANFORD IN REDWOOD CITY PROJECT WHEREAS, Stanford University (the "Developer") is the owner of certain real property located within the City of Redwood City (the "Property"); and WHEREAS, Government Code Section 65864 through 68569.5 provide the statutory authority for development agreements befinreen municipalities and owners of real property; and WHEREAS, in May, 2008, Stanford University ("Stanford") applied for a General Plan amendment and a rezone for 35 acres of property, to allow demolition of eight existing office research and development (R&D) buildings totaling approximately 537,000 square feet that are proposed for replacement, in multiple phases, with administrative functions and office uses (75% to 100%), research and development uses (0% to 10%), and medical clinic uses (0% to 15%) as well as common support uses (i.e. cafeteria, childcare center, fitness center and other employee amenities) in up to 1,518,000 square feet of building space in approximately thirteen commercial buildings supported with approximately four parking structures, on-site surFace parking and new street parking that would contain 4,500 parking spaces. (Assessor's Parcel Numbers 054-141-180, 054-141-220, 054-141-230, 054-150-120, 054-150-140, 054- 150-150, 054-150-160, 054-150-170, 054-150-180, 054-150-190 and common area parcel A). The project also proposes an onsite storm water retention system, a recycled water pipeline extension, dual piping for use of recycled water, a central greenway and a publicly accessible open space area adjacent to Spinas Park. In addition, Barron, Warrington and Hurlingame street extensions are proposed through the campus to improve pedestrian, bicycle and vehicular circulation consistent with the City's General Plan Circulation Element complete streets policies; and WHEREAS, on July 15, 2008, the Planning Commission held a hearing and recommended that the City Council initiate the requested General Plan/Zoning Map Amendments, as well as a Precise Plan for the entire 48-acre former Mid-Point Technology Park, including both Stanford's originally proposed 35 acres and an additional 13 acres comprising the existing Stanford Medical Clinics at 420, 430, 440, and 450 Broadway and an industrial site at 550 Broadway (the "Stanford in Redwood City Precise Plan" or "Project"); and WHEREAS, on August 11, 2008, the City Council held a hearing and approved initiation of the General Plan/Zoning Map Amendments and Precise Plan for the entire ATTY/ORD.393/APPROVAL OF STANFORD DA ORD.#2400 REV:08-29-13 VR Formerly MUFF#100 Page 1 of 5