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7C schooi students and 52 high school students over the project's build-out (i.e. 10- Page 6 15 years). To offset this impact the developer wauld be required to pay a school impact fee based on the amount of sguare footage constructed, which is estimated at 157,OOa square feet of commercial land uses {neighborhood serving retail and hotel) and 1,217,Q00 square feet af residential land uses for an estimated school impact fee of approximately $2.66 miiiion (approximately $14,000 per student). Payment of School Impact fees occur prior to the issuance of a Building Permit, which will accur in phases for this project. Once the school impact fee has been paid, it is up to the respective school district ta allocate the money in order ta accommodate the additional students. 4. Child Care Needs Assessment: This report was prepared by an independent third party City consultant to determine the potential number af children from infants ta 14 y�ars old that may generate additional demand for chi(dcare. The Child Care Needs Assessment report, titled Potential Impacts af Peninsula °ark on Child Care ^:�eus, �.�as prepared in order ta 1) �rovide background infarmation on child care needs; 2) estimate the impact of the Peninsufa Park project on chifd care need �n Redwood City; and 3} discuss strategies far meeting the projecYs portion of the City's future child care need. Based on the estimates of current child care need established in the report, it is anticipated that the residential companent of the Peninsula Park project would generate a need for between 34 — 135 child care spaces, i.e., 19 — 73 school age children and 16 — 62 young children. For children of those employed ir� the Peninsula Park project, an additiona141 spaces are estimated. The report identifies three potential methods for addressing the child care need. The first is "Child Care by Design," which encourages prospective residents to operate family child care within their Peninsula Park residence. The second method would be to focus on the employee need. The hotel would be the largest employment center in the project, and hotel workers would form the highest concentration of patential users of child care. Therefore, the hotel could be required to provide an on-site facility suitable #or a licensed child care operator. The third method would be to establish an impact or in-lieu fee payment option; thereby allowing the Peninsula Park project to pay its fair share to fund a larger ehild c�re center that could service a wider project area. These three methads could be used together or independently. Additionafly, these three methods are not intended to be an exhaustive list of sofutions, rather an approach to hefp meet Redwood City's child care need. The fina! determination is described documented in a Development Agreement between the City of Redwood City and the Peninsula Park deveEoper {additional discussion is provided later in this report). It should alsa be noted that staff anticipates that the total child care need associated with the residential component of the project will be closer to the iower end of the consultanYs projections. General Plan and Zoning Compliance General Plan: Desic�nation, Obiectives, and Policies Prior to the MSV^project, the subject property had a Generaf Plan designation of Office/Commercial — Office Park Oriented Uses. As pa�t of the MSV approvals the 6