AgdaPkt 2009-03-23 - Laserfiche WebLink

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6.1G Page 1 'R... ::E:.... p.......:O..:,d..\R.. ........r........... : .:,' ',.(.: .,..":.....:. ',; ,'...:.. ,,: ::: .;:,' ',..:.: / . .. . . ',. '., ..... ,': . . '.: ,,".. " . ". . ."", .. ,.:()'. the H()n;orabl~ Mayo.' an.: City OO,Ut1:cil' F:rom the Qjty M'a~na:9:er March 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 econom ic impact analysis and special studies for the Stanford in Redwood City project not to exceed $173,800.00 which includes a contingency of $15,800.00 as well as funds for optional tasks that may be determined as necessary once the study is under way. BACKGROUND The purpose of the proposed economic and fiscal consultant services is to aid the City's policy makers in evaluating the proposed Stanford in Redwood City project from a broad range of perspectives. The study is not intended to draw conclusions or limit the scope of discussion that is anticipated to occur for the sake of drafting a development agreement for this project at a future time. 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&O) space that is proposed for replacement, in multiple phases, with Stanford University administrative office uses (750/0 to 80%), R&D uses (100/0 to 15%), and medical clinic uses (100/o to 15%1). Common support uses (i.e. 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 1.01 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. 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. General Plan and Zoning Amendments 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 and currently limit the site's maximum development potential to a 0.70 FAR (vs. the larger FAR of 1.0 proposed by the Project).