AgdaPkt 2020-10-12 Joint SA PFA - Laserfiche WebLink

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S.A. - Page 17 of 61 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, staff have outlined below the Affordable Housing requirement for both housing and commercial projects. The Affordable Housing Ordinance (§29.3) 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. 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 market rate housing or office sq. ft. as well as any required affordable housing impact fee in Attachment B. 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. Gatekeeper Projects The analysis below includes all submitted Gatekeeper projects that were considered over both City Council study sessions. Please note that site #1, 1322 EI Camino Real (Record Man), has withdrawn their application from the Gatekeeper process. The geographic location of all Gatekeeper project sites are shown in Figure 1, with those included in this hearing highlighted. A full project description and plans for each submitted project can be found on the City's Gatekeeper webpage at www.redwoodcity.org/gatekeeper. 2 City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.org 284