AgdaPkt 2020-06-22 Joint SA PFA - Laserfiche WebLink

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6.E. - Page 2 of 83 Bonus Law concessions and affordable housing plan are not connected to this Parcel Map, but will be included when the first Final Map for the "Broadway Block" is presented to City Council for approval, expected in late 2020. No new development on the three remainder lots was approved within the entitlement approvals for the project, as Subdivision Map Act section 66424.6 does not allow for development on remainder parcels. Remainder lot 3, which falls completely within the Caltrans right of way on Woodside Road, will be granted to Caltrans. Per the Subdivision Map Act, remainder parcels are by definition "not divided for the purpose of sale, lease, or financing," so any future development of remainder lots 1 and 2 will require a map and further entitlement approvals for those parcels. ANALYSIS The developer's engineer completed the Parcel Map, improvement plans, and specifications compliant with the Subdivision Map Act, Redwood City Ordinances, City Standards, and to the satisfaction of the City Engineer. The Parcel Map merges the existing parcels and creates one parcel with three remainder lots. On-site and off-site improvements are required for the one newly created parcel, and include undergrounding of overhead utilities and installation of new water, recycled water, and sewer services. A watermain extension is included within the Bay Road frontage. Bioretention areas are proposed on-site to treat the stormwater for the entire CVS site. New sidewalk, curb and gutter will be installed along the Bay Road frontage of the new parcel. The three remainder lots will not include any new development. The developer, SI XX, LLC, has posted Performance and Labor Security Bonds in the amount of $2,841,712 as required by the Improvement Agreement. The developer anticipates completion of all improvements on the CVS site by the end of 2021. All work associated with this project is being paid for by the developer. FISCAL IMPACT There is no fiscal impact to the City as a result of this action. ENVIRONMENTAL REVIEW On May 20, 2019, City Council adopted Resolution No. 15768 certifying an Environmental Impact Report, and adopting California Environmental Quality Act Findings of Fact, a Statement of Overriding Considerations, and a Mitigation Monitoring and Reporting Program, all for the Broadway Plaza Project at 1401 Broadway at 2201 Bay Road, and approving a Water Supply Assessment for the project. PUBLIC NOTICE Public notification was achieved by posting the agenda, with the agenda items being listed, at least 72 hours prior to the meeting. Page 2 of 3 City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.ore