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AgdaPkt 2020-10-12 Joint SA PFA
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AgdaPkt 2020-10-12 Joint SA PFA
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Last modified
10/14/2020 12:39:00 PM
Creation date
10/12/2020 11:30:12 AM
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CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
10/12/2020
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S.A. - Page S of 61 <br />Amendment process for such a small-scale project would likely be an inefficient use of staff time and <br />resources. <br />901, 947, 999 EI Camino Real and 2529 Broadway: Shortly before the September 21, 2020 study session <br />hearing on primarily commercial projects, the applicant indicated to staff that they were including another <br />site, 2529 Broadway, into their project to increase their project's affordable housing proposal to 60 off- <br />site below market rate units. This information was confirmed by the applicant at the recent study session. <br />The 2529 Broadway site falls within the Transit District boundaries. If initiated, staff will need to consider <br />the implications of removing this project site as part of the proposed Transit District. The ongoing efforts <br />to analyze potential grade separations and the final location of a future transit station could have large <br />implications for the 2529 Broadway site and the area around the site. For these reasons, it is important <br />that this site is still considered part of the Transit District and is evaluated within this context. Staff <br />recommends the applicant remain engaged in the Transit District formulation process given the 2529 <br />Broadway property and the adjacency of the primary development parcel. <br />2300 Broadway and 609 Price Avenue: The applicant has proposed a General Plan designation of Mixed <br />Use Corridor and a Zoning Amendment to the Mixed -Use Corridor zoning district for the 609 Price Avenue <br />site, currently proposing 80 below market rate units. In order to achieve the proposed density, the <br />applicant would need to utilize Assembly Bill AB1763, which allows up to an 80% density bonus for <br />buildings that are 100% deed -restricted affordable. If initiated, staff will continue to work with the <br />applicant on using AB1763 to achieve the desired density for this site. <br />Additionally, the site has a General Plan designation of Commercial Office — Professional/Technology and <br />is zoned Commercial Office. The General Plan and Zoning does not currently allow residential <br />development, and would need to also be considered for a General Plan and Zoning amendment. Figure 3 <br />provides a map of the vicinity of the proposed offsite affordable housing, which is surrounded by office <br />zoning/uses. Staff advises further review of the feasibility of this site, so as not to create a singular project <br />site that is inconsistent with existing and proposed uses within the vicinity. The site and its vicinity would <br />also fall within the potential boundaries of the proposed Central Redwood City Plan area. It may be <br />advisable to consider this site at a later date and those around it in the context of the Central Redwood <br />City Plan or as part of the upcoming Housing Element. <br />Figure 3 — General Plan Map (609 Price Avenue) <br />Page 8 of 15 <br />City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcitV.org <br />275 <br />
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