AgdaPkt 2009-02-23 clsd and reg - Laserfiche WebLink

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6.18 Page 1 R.' "':E. P' ":::"0'" "R' ,.T . .. .... . . . . . . , " , , To' th'e Honor:able M,aYQr and City C:o.uncil F'ro'm' the City Manag:e:r February 23, 2009 SUBJECT Agreement with Keyser Marston Associates for Consultant Services for the "Stanford in Redwood City" Project (Stanford University) RECOMMENDATION Approve, by motion, a professional services agreement with Keyser Marston Associates (KMA) to assist the City with a fiscal and economic impact analysis for the Stanford in Redwood City project not to exceed $120,000.00 which includes a contingency of $12,500.00. BACKGROUND The Stanford in Redwood City project proposes to occupy a 35..acre portion of a larger 48- acre (former Mid-Point Technology Park) campus that is bisected by Broadway and generally bounded by Highway 101, Douglas Avenue, Bay Road and Second Avenue. Stanford University has submitted a conceptual design plan for the 35-acre project site that calls for the demolition of 537,000 square feet of existing office research and development (R&D) space that is proposed for replacement, in multiple phases, with Stanford University administrative office uses (75% to 800/0), R&D uses (100/0 to 150/0), and medical clinic uses (10% to 150/0). Common support uses (Le. cafeteria, childcare care center, fitness center and other employee amenities) would occupy up to 80,000 square feet of space. The concept plan proposes a Floor Area Ratio (FAR) of 1.0, which would result in up to 1,525,000 square feet of building space in up to 13 commercial buildings requiring up to five (5) parking structures containing approximately 5,260 parking spaces. Refer to attached concept plan. The project as proposed would require City Council approval of General Plan and Zoning Map Amendments because the site's existing Industrial (Light Research and Development) General Plan land use designation and "IR" (Industrial Restricted) Zoning District do not allow administrative office uses. It should be noted that as a quasi-public non-profit institution, Stanford University is exempt from the payment of property taxes and School District fees. Planning staff recently circulated Requests for Proposals (RFP) to qualified consultants on a scope of proposed work to include the following. Fiscal Analysis A fiscal analysis comparing the potential revenues attributed to the proposed Stanford University administrative office uses, R&D uses, and medical clinic uses to those displaced business revenues from existing R&D uses (537,000 square feet) and for lost future business opportunities including, but not limited to, the following~