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6.E. - Page 1 of 83 /<�ik Redwood CitylCallifornia Faunded 1867 \:3aAW DATE: June 22, 2020 SUBJECT STAFF REPORT To the Honorable Mayor and City Council From the City Manager Broadway Plaza "Bay Block" — Parcel Map and associated agreements for the development at 2111 Bay Road by SI XX, LLC RECOMMENDATION 1. By motion, approve the Parcel Map for 2111 Bay Road, related to the development of a CVS; 2. By motion, approve and authorize the City Manager to execute an Improvement Agreement with SI XX, LLC; 3. By motion, approve and authorize the City Manager to execute a Landscape Maintenance Agreement with SI XX, LLC; and 4. By motion, approve and authorize the City Manager to execute a Stormwater Treatment Measures Maintenance Agreement with SI XX, LLC. STRATEGIC PLAN GUIDING PRINCIPLE Economic Vitality BACKGROUND The project includes the merger and re -subdivision of five existing parcels into one parcel with three remainder lots. The improvements planned for the site include a 15,000 square foot standalone retail building (CVS Pharmacy). On May 20, 2019, City Council approved the Architectural Permit, Planned Development Permit, Use Permit, Vesting Tentative Map, two State Density Bonus Law concessions and an Affordable Housing Plan for the Broadway Plaza project through Resolution No. 15769. This large mixed-use project included two main improvement areas, the "Broadway Block" and the "Bay Block," which were anticipated to be separated into three maps, a Parcel Map for the "Bay Block," followed by two Final Maps for the "Broadway Block." The "Bay Block" area, located at the northeast corner of Woodside Road and Bay Road, is the area being considered for approval at this time. The State Density Page 1 of 3 City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.ore 67