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11/16/2020 be increased from 4 to 6 stories and from 46 feet to 66 feet pursuant to the State Density Bonus Law (AB 1763); and WHEREAS, the Project includes a reduced parking ratio of 0.5 spaces per bedroom for Parcel A and Parcel D (pursuant to the State Density Bonus Law), as the Project satisfies the maximum percentage of low-income units pursuant to Government Code Section 65915(f)(1), and is located within one-half mile, with unobstructed access, to the Redwood City Caltrain station; and WHEREAS, the Project includes a requested bonus height as allowed by Section 53.7 of the Zoning Ordinance; and WHEREAS, the Project includes a maximum density of 40 dwelling units per acre and maximum height of 60 ft. as allowed through the provision of the MUT community benefits program equivalent to 14 points or more (Section 55.4 of the Zoning Ordinance); and WHEREAS, the Project includes a Planned Development Permit to allow 2.0 spaces/1,000 sq. ft. of office where 3.3/1,000 would be required, 4.0 spaces/1,000 sq. ft. of retail where 5.0/1,000 would be required, and up to 64 ft. in height for Parcels C and E and 85 ft. in height for Parcel D where 60 ft. is the maximum with the provision of community benefits; and WHEREAS, the Architectural Advisory Committee (AAC) conducted public hearings to consider the proposed project on June 5, 2019, August 20, 2020, and September 17, 2020. The AAC considered the development standards and urban design guidelines of the Zoning ordinance, and recommended that the Planning Commission (Commission) approve the project by the Applicant based on the design changes made in response to their comments; and WHEREAS, an Environmental Impact Report has been prepared in accordance with the requirements of the California Environmental Quality Act (Public Resources Section 2100 et seq.; hereafter, "CEQA") and the Guidelines for implementation of the California Environmental Quality Act (Title 14, section 15000 et seq. of the California Code of Regulations; hereafter, the "CEQA Guidelines"). A separate resolution addresses certification of the EIR, CEQA findings and includes a statement of overriding considerations; and WHEREAS, on October 27, 2020, the Commission held a duly noticed public hearing and adopted a resolution recommending that the City Council certify the Final EIR for the Project, and adopt CEQA findings, a Statement of Overriding Considerations and a Mitigation Monitoring and Reporting Program, in accordance with the requirements of CEQA; and WHEREAS, on October 27, 2020, the Commission also adopted a resolution recommending that the City Council approve an Architectural Permit, Planned Development Permit, Downtown Planned Community Permit, Vesting Tentative Map, Density Bonuses and Concessions, as well as reduced parking ratios, under the State Density Bonus Law, Use Permit and Affordable Housing Plan, contingent upon certification of the Final EIR, based on findings and subject to the Conditions of Approval; and ATTY/RESO.0125/PC RESO SOUTH MAIN MIXED USE PROJECT—ENTITLEMENT RESO. NO. 15908 REV: 11-03-2020 PR MUFF NO. 601 Page 2 of 38