AgdaPkt 2020-09-21 Joint SA PFA - Laserfiche WebLink

Browse Search

8.A. - Page 5 of 21 Strategic Priority: Strategic Priority: Strategic Priority: Housing Transportation Children and Youth • Partner on housing • Create policies and • Make key public meetings opportunities for unique infrastructure to support more accessible to families populations zero emission trips with children In some cases, the proposals below identify standard City requirements, such as Transport Demand Management (TDM) measures, as addressing the strategic priorities. While it is true that some City requirements required for development projects address the strategic priorities, the staff analysis below has focused on aspects of the proposal that go above and beyond the standard City requirements. Given the particular importance of creating on-site affordable housing, for the proposed commercial projects, the City's Affordable Housing Ordinance and implementing impact fee resolution require a payment of a housing impact fee: • Office Development: $20 per sq. ft. • Retail: $5 per sq. ft. • Apartments (5-19 units): $20 per sq. ft. Staff has provided a high level analysis of how much affordable housing would be required to mitigate each project's proposed office sq. ft. as well as including each project's required affordable housing fee in Attachment C. While these projects are mostly commercial, all of them include a residential component. If the residential units in the proposed project do not meet the on-site affordable housing requirements, the developer could pay the housing impact fee as an alternative. The Affordable Housing Ordinance (§29.3) also requires that residential projects that are 20 units or greater must provide on-site units: • Rental Projects: 10% units provided at moderate income level, 5% units at low income level and 5% of units provided at very low income level. • Ownership Projects: 15% units provided at moderate income level. In addition to the outlined strategic priorities, staff analysis identifies other community benefits provided by each project which meet the City's goals, as outlined in the General Plan and Downtown Precise Plan (DTPP). These benefits include, but are not limited to, providing pedestrian facilities and linkages, entertainment uses (especially family -friendly uses), retail to support our existing retail base, and public open space for community engagement. Staff will return for a final hearing, scheduled for October 12, 2020, after the Study Sessions with pre - prepared resolutions ready for Council action. Each resolution will denote a two-year time limit for an applicant to submit the application to the City or the initiation becomes null and void. This two-year timeframe will provide the applicant with additional time to fully assess the economic and project -specific fiscal impacts of COIVD-19 on their proposed projects but also creates a time limit so as not to conflict with the upcoming Central Redwood City visioning process. Page 5 of 15 City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.ore M