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7C Page 213 schaol students could be anticipated with the project of this nature. The applicant will have to pay the school mitigation fees, which are about $2.66 million based on the amount of square footage of both retail and residential. That money will go directly to the schoo! district �rrd it is the scMool districi's responsibility to utilize the money and provide addi�ional funding for schools ar building of new schools. Child Care Needs Study — the project, in terms of the residential component, would generate a demand or a need for child care spaces in the range af 34 spaces to 135 spaces and part of that depends on the type of people residing. x' Environmenta#Assessment—the EIR for the Marina Shores was certified in 2003 at a Planning Commission meeting. In that EIR it identi� 25 si nificant unavoidable im�acts, +nr�sn it tnrPnt to the City CQUnci( in June of 20 City Council looked at not only those 25 significant unavoidable, but also ide ed impacts that they felt could no# be mitigated wifh the suggested mitigation `asure, � ey added three more to the statement of overriding considerations wh y pprave articular project. There were two �umulative impacts in reg to#raffi : 7-15 is an im � �� n.,�I Camino Real and the Whipple Avenue intersec ' 7-16 ich can be mi ,d, but the mitigation measure is so costly it would requir ch f land and �s#ruction o#a new right tum lane and additional construction additional lane over the Whipple overpass. Additional language was added the sustain d resource efficiencies that staff wants the project to incorp ' at 3 of Preci [an}. . �. A deveiopment agre nt is an agre' that i*�� `''"een the City and the devefoper regarding the sp irements. " assuran 's an both sides that if there is a change in the rket or � omy there � ,e some specifics that can be detailed. Some examples roject asing, aff ab e hausing cornponent, infrastructure requirements, sh serv' and childcar ,_;w � �,�. �� Alfs °'�`�"�� - - N� `�� Ne dition eting �"�` ■ Two red eigh 'ves—Plan B (75 foot height alternative), Plan C (6Q5 ;;��..:. �foot height native � . no project. � This ' ct is a c � ercial site and does not threaten any existing single-family neighb ds; it pro es opportunity for much needed hausing in the Peninsula region. COMMISSI RIFYING QUESTIONS Commissioner ybert stated that in regards to what jobs are nearby, what was left out was all af the r�iajor employers in Redwoad Shores and the nearby Foster City area. The Park Standard was exceeded by a certain percentage and he would like to see what numbers of acres that means. He would afso like to knaw when the $2.6 million goes to the schools. Mr, Lyon replied that they are required to pay that money pr�or to the issuance of a building permit. Commissioner Seybert asked if the school impact fee were to go up Qver time, as they receive additional building permits, wou(d they continue to pay the higher sum. Page 3 of 10