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1306 MAIN STREET ACQUISITION <br />Greystar pays the City fair market value for 1306 Main St: <br />• $8,0 0 0,0 0 0 to City of Redwood City <br />• Relocation cost for 3 residents and manager <br />Greystar also pays the full cost of replacing the 22 BMR units, <br />of which 19 are vacant, to 1304 EI Camino Real: <br />• Eliminates need of environmental remediation for City <br />• —$14,0 0 0,0 0 0 total replacement cost <br />• Increased affordability level <br />Currently.- 22 VL l <br />Proposed.- 15 VL /and 8 EL / <br />Greystar delivers 100% affordable offsite at 1304 EI Camino <br />Real "NO CHECKS" <br />304 EL REAL: <br />1100% AFO DIABL LINTS <br />INSTEAD OF IMPACT FEES <br />• ^'$25,000,000 total with No Request of City Gap Funds <br />SPACE <br />SUPPORTIVE <br />■ 15 Units Extremely Low Income <br />SERVICES 41 <br />■ 15 Units Very Low Income <br />41 4. <br />■ 8 Units Low Income <br />-41 n <br />• 25% of units for developmentally disabled with Housing <br />Choices and SMC Mental Health Association <br />19 <br />