Laserfiche WebLink
<br />8A <br />Page 16M <br />(provided to City Council previously via a memo) <br />Recommendation <br />to the Precise Plan <br /> <br />Response Matrix: Precise Plan Comments and Revisions <br />The Preserve at Redwood Shores <br />City Council Meeting - 1.28.08 <br /> <br />No changes <br /> <br />!. Comment Response <br />39. Both documents should. . . specifically address Complete restoration of the tidal wetlands is <br />how complete restoration and long-term economically dependent on the funding <br />maintenance and management of the preserve provided by a mitigation bank and cannot be <br />area will occur in the absence of a mitigation implemented if a mitigation bank is not <br />bank. approved. However, both federal and state <br />policies support the establishment of mitigation <br />banks. In addition, the permitting agencies <br />have preliminarily indicated that they support <br />the proposed restoration of the wetlands and do <br />not oppose the establishment of a mitigation <br />bank to provide funding <br /> <br />3 <br /> <br />3 of <br /> <br />the Precise Plan <br /> <br />to <br /> <br />No changes <br /> <br />This program is a voluntary and non- <br />compulsory program presented by the applicant <br />to provide assistance to childcare professionals <br />in purchasing a house. It is not required for the <br />implementation of this Precise Plan. If <br />implemented, this program will be modeled <br />closely on similarly programs in nearby cities <br />that have been in use in excess of a decade <br />with proven success <br /> <br />We are concerned this program (buyer <br />assistance program) will have little to no value <br />for the target audience of childcare <br />professionals. According to the Redwood City <br />Daily News, October 12, 2006, the annual <br />salaries in 2005 ranged from $37,762 to <br />$73,762. What is the anticipated range of <br />selling prices for the town homes? How does <br />the proposed program differ from the mortgage <br />crises facing millions of homeowners <br />throughout our state? There would be greater <br />value in providing affordable housing with <br />reduced pricing for childcare providers. Also, <br />as noted in the document, the proposed <br />program is completely at the project <br />proponent's discretion, so it is unclear whether <br />this program will actually be implemented or <br />provides little more than PR for the project <br />proponent <br /> <br />40 <br />