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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
Metadata
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Template:
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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8.A. - Page 31 of 61 <br />2300 Broadway <br />Square Feet <br />Required <br />Required <br />Required <br />Total <br />Proposed <br />(Mod) <br />(Low) <br />(Very Low) <br />Required <br />200,000 sq. ft. (Office)* <br />6 <br />10 <br />4 <br />—20 <br />80 <br />up) <br />up) <br />(8 - ext. low, 24 - <br />very low, 48 - low) <br />15,000 sq. ft. (Retail)** <br />Off-site residential sq. ft. <br />TBD <br />*Equates to a $4,000,000 affordable housing impact fee. The applicants have stated that they would pay <br />a $40 per sq. ft. fee instead of the required $20. Total stated contribution would be $8,000,000 which <br />includes the cost to construct the off-site units. . <br />**Equates to $75,000 affordable housing impact fee <br />603 Jefferson/750 Bradford <br />Square Feet <br />Required <br />Required <br />Required <br />Total <br />Proposed <br />(Mod) <br />(Low) <br />(Very Low) <br />Required <br />170,OOOsq. ft. (Office)* <br />5 <br />9 (rounded <br />4 (rounded <br />—18 <br />68 <br />up) <br />up) <br />(workforce <br />housing) <br />Residential Sq. Ft. TBD** <br />*Equates to a $3,400,000 affordable housing impact fee <br />**If workforce house units are not deed -restricted to a certain affordability level, an affordable housing <br />impact fee would be required. <br />4 <br />dIEL <br />City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.org <br />t4M <br />
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