Res21 15987 - Laserfiche WebLink

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WHEREAS, City and County have prepared the Real Property Exchange Agreement attached to the staff report for this Resolution ("Exchange Agreement"), which Exchange Agreement provides among other things for: (a) City to transfer the City Property to County in exchange for County's transfer of the County Property to City; (b) City to leaseback to County the existing homeless shelter building on the County Property until November 1, 2022; (c) County to commit to undertake certain frontage public improvements and pay certain development related fees to City at such time as County undertakes development of the City Property; (d) County to pay to City 33.33%, not to exceed $175,000, of the costs of demolishing or causing demolition of the buildings and improvements on the County Property, including portions of such buildings and improvements that would not otherwise have to be demolished to facilitate the Blomquist Street extension work ("Exchange Agreement Project"); and (e) City to provide County with a 5 -year option to ground lease for a term of 65 years at a nominal rent the remnant/remainder portion of the County Property that is not needed for the Blomquist Street extension project; and WHEREAS, immediately prior to consideration of this Resolution for approval the City Council, by Resolution No. , has considered an Addendum to the EIR, which concludes that all potentially significant environmental effects of the Exchange Agreement Project were fully examined and mitigated in the previously certified EIR such that no further subsequent or supplemental environmental review is necessary or required pursuant to Public Resources Code Section 21166 and State CEQA Guidelines Section 15162 and that existing regulations (including City General Plan policies and ordinances in the Municipal Code) and mitigation measures included in the MMRP are adequate to reduce the impacts resulting from implementation of those changes to the project to a less than significant level. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF REDWOOD CITY DOES RESOLVE AS FOLLOWS: 1. The City Council hereby finds and determines that the foregoing recitals are true and correct. 2. The City Council finds that the exchange of the City Property for the County Property as described in the Exchange Agreement is consistent with the objectives, policies, general land uses, and programs specified in the City of Redwood City's General Plan, because: the real property exchange will facilitate the Blomquist Street extension consistent with Program BE -7 to provide access to residential waterfront neighborhoods and Policy BE -23.1 to accommodate a range of land uses to meet the economic, environmental, and social needs of Redwood City. 3. The City Council hereby determines based on the evidence in the record that the fair market value of the City Property is equal to the fair market value of the County Property. ATTY/RESO.0075/CC RESO APPROVING CITY COUNCIL MAPLE STREET EXCHANGE AGREEMENT RESO NO. 15987 REV: 09-23-2021 VR MUFF # 301, 609 Page 2 of 3