RecD08 2008-086768 - Laserfiche WebLink

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j. Property, and ensure attainment of the maximum effective utilization of resources within the City at the least economic cost to its citizens. 7. On July 8, 2003, the City certified an Environmental Impact Report for the Marina Shores Village Project (the "EIR"). A notice of determination for the EIR was filed on June 8, 2004. On December 17, 2007, the City approved an Addendum to the EIR (the "EIR Addendum") reflecting modifications to the Project as it had been originally proposed and a Mitigation Monitoring Reporting Program and a Statement of Overriding Considerations. 8. Prior to or in conjunction with the adoption of the Precise Plan and this Agreement, the City rezoned the Property "P" by Ordinance No. 1130-342. The "P" zoning classification allows the Precise Plan to control development standards for the Property and Project. 9. The Planning Commission and the City Council have each considered this Agreement at public hearings following notice provided in accordance with California Government Code Section 65867. 1 O. The City Council has found that, among other things, this Agreement is consistent with the City's General Plan, and has reviewed and evaluated it in accordance with Government Code Section 65864, et seq. The City Council has determined that completion of the Project is in the best interests of the City and the health, safety and welfare of residents and taxpayers of the City. 11. In accordance with the terms and conditions set forth in this Agreement, Developer agrees to construct or contribute to the cost of certain public improvements, childcare and affordable housing, and City agrees to provide public improvements and services to ensure that Developer may proceed with and complete development of the Project. 12. On January 14, 2008, the City Council adopted Ordinance No. [2323] approving this Agreement. 13. The purpose of this Agreement is to establish the rights and obligations of the Parties and the parameters within which the obligations of Developer for public and other improvements will be met, and otherwise to provide the criteria for the development of the Property. 14. By this Agreement, Developer and the City agree that Developer shall have the vested right to develop the Property pursuant to this Agreement. The City has the right to regulate the development and use of the Property in accordance with the terms and conditions of this Agreement. 15. Developer intends to build the Project using union workers pursuant to an agreement acceptable to both Developer and the Building Trades Council of San Mateo County, and City hereby agrees not to interfere in the negotiation of any such agreement unless and to ATTY/AGR/2008.013 022708 3