AgdaPkt 2021.02.22 Joint SA PFA - Laserfiche WebLink

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6.E. - Page 2 of 53 sidewalks and street trees long the property frontages. The total amount of improvements completed is estimated at $21,144,413. ANALYSIS The developer, Board of Trustees of the Leland Stanford Junior University, has completed the construction of the majority of the improvements in accordance with the Agreement, the plans and specifications, the conditions of approval, and to the satisfaction of the City's Engineering Division. During the process of undergrounding the overhead utilities along the frontage of the project's central energy facility on Douglas Ave., only a portion of the overhead utilities were undergrounded. As there is an upcoming Stanford Health Care project that is presently undergoing City entitlement review that will include the undergrounding additional overhead utilities, it was determined that it would be more appropriate to have that entity underground the remaining facilities. Stanford Health Care will post bonds in the amount of $713,333.56 as required by the Improvement Agreement, and they anticipate the completion of these improvements by the beginning of 2022. The developer provided a faithful performance bond and a labor and material bond, each in the amount of $21,144,413 that may now be released in accordance with the timing described in the Improvement Agreement. The Developer is responsible for the maintenance of the frontage improvements including sidewalk, curb and gutter, street trees, irrigation, and pedestrian scale street lighting through the Landscape Maintenance Agreement. The Developer is also responsible for the maintenance of on-site stormwater treatment measures through the Stormwater Treatment Measures Maintenance Agreement. FISCAL IMPACT There is no fiscal impact to the City as a result of this action. ENVIRONMENTAL REVIEW This activity is not a project under California Environmental Quality Act (CEQA) as defined in CEQA Guidelines, section 15378, because it has no potential for resulting in either a direct or reasonably foreseeable indirect physical change in the environment. The City certified the project EIR on September 13, 2013 with an associated Mitigation Monitoring and Reporting Program (MMRP). Staff and environmental consultant David J. Powers and Associates completed a consistency checklist to verify that the project is consistent with the project described by the EIR and that none of the circumstances warranting further environmental review have been triggered, and that any necessary technical and environmental studies have been completed. Page 2 of 3 City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.ore 307