Agmt23 Peninsula Corridor Joint Powers Board

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REV: 01-17-23 JB REIMBURSEMENT AGREEMENT BETWEEN THE CITY OF REDWOOD CITY AND PENINSULA CORRIDOR JOINT POWERS BOARD THIS REIMBURSEMENT AGREEMENT (“Agreement”) is dated for informational purposes only as of the ____ day of _____________, 2023 by and between the CITY OF REDWOOD CITY, a charter city and California municipal corporation (“City”), and Peninsula Corridor Joint Powers Board, a public entity, (“Developer”) (referred to herein individually as “Party,” or collectively, the “Parties”). RECITALS A. By Resolution No. 15583, adopted in May 2017, City updated the Planning Division Cost Recovery Policy (“Cost Recovery Policy”) for certain planning projects and requires the applicant to pay a deposit and/or fee to the City to cover the City’s costs of processing the application. Reimbursement includes among other things the cost for City staff, consultants, including, but not limited to, environmental consultants, housing consultants, and special legal counsel. Developer owns developable property within the proposed Transit District (the “Transit District”), a proposed new sub-area of the Downtown Precise Plan (the “DTPP”), the creation of which would be governed by the Cost Recovery Policy; therefore consistent with the intent and framework of the Cost Recovery Policy, the Parties agree to enter into this Agreement requiring Developer to reimburse City for City resources expended during its creation of the Transit District (defined below). B. Developer owns the property currently used for the Redwood City Transit Center located at 1 James Avenue, Redwood City, California (“the Property”). C. The City is evaluating the potential redevelopment of the Property for up to 315 residential units with ground floor retail (the “Project”) as part of the Transit District, which includes amending the Downtown Precise Plan and General Plan to allow development capacity specific to the Transit District and a Supplemental Environmental Impact Report (the “Transit District Amendments”). D. The Developer’s Property is located within and comprises 1.2 of the 9.2 acres of developable area (or approximately 13 percent) of the Transit District. The City will conduct CEQA review of the Transit District, which will provide a programmatic level environmental review for Downtown Precise Plan amendments that will consider the Developer’s Project and other Transit District modifications. E. On June 28, 2021, the City Council approved an Agreement for Services with Environmental Science Associates (“ESA”) for an amount not to exceed Seven Hundred Fifty- Nine Thousand Six Hundred and Ten Dollars ($759,610) for the environmental review associated with the Transit District Amendments (“ESA Scope”). In addition to the ESA Scope, the cost of the Transit District Amendments will include among other things time spent by City staff, consultants and special legal counsel (“Staffing Costs”). The total costs for ESA and Staff Costs is estimated at One Million Three Hundred Thousand Dollars ($1,300,000) (the “Total Costs”). The Total Costs may increase in the event of appeal or challenge to the Proposed Transit District Amendments. ATTY/AGR.2022.391/Joint Powers Board (Transit District Amendments) (Page 1 of 7) Jan 27, 2023 Jan 27, 2023