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6.N. - Page 3 of 19 <br />FISCAL IMPACT <br />There is no fiscal impact as a result of this action. <br />ENVIRONMENTAL REVIEW <br />This activity is not a project under California Environmental Quality Act (CEQA) as defined in CEQA <br />Guidelines, section 15378, because it has no potential for resulting in either a direct or reasonably <br />foreseeable indirect physical change in the environment. <br />PUBLIC NOTICE <br />Public notification was achieved by posting the agenda, with the agenda items being listed, at least 72 <br />hours prior to the meeting. <br />ALTERNATIVES <br />The City Council may choose not to approve the affordable housing regulatory agreement however the <br />thirty-seven units would not be deed -restricted as affordable and the City would not receive the very -low <br />and low income RHNA credit for these units. <br />ATTACHMENTS <br />AttachmentA— Affordable Housing Regulatory Agreement <br />REPORT PREPARED BY: <br />Alin Lancaster, Housing Leadership Manager <br />alancaster@redwoodcity.org <br />(650) 780-7299 <br />APPROVED BY: <br />Alex Khojikian, Assistant City Manager <br />Melissa Stevenson Diaz, City Manager <br />Page 3 of 3 <br />City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcitV.org <br />119 <br />