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REV: 12-20-23 VR Based on comments from staff, Consultant will prepare a Screencheck Draft Precise Plan with additional images, diagrams, and figures. City staff will provide a consolidated set of comments on the Screencheck Draft Plan. Task 6.3: Public Draft Precise Plan Consultant will prepare a Public Draft of the Precise Plan based on minor, editorial, and formatting comments provided by City staff’s review of the Screencheck Draft. This will be the version that will be presented to the public at the final public meetings, and then to the City Council and Planning Commission during the public hearing process. Public comments will be compiled into a matrix by City staff and staff will provide clear direction on how to implement specific changes. Task 6.4: Final Precise Plan Following the adoption hearings (which are budgeted under Task 2.3), Consultant will prepare a Final Precise Plan. It is assumed that only minor changes will be required at this point and no new analyses or major revisions to chapters will be needed. Task 6 Deliverables: Admin Draft Precise Plan Screencheck Draft Precise Plan Public Draft Precise Plan Final Precise Plan Task 7 Economic Analysis Task 7.1: Community Benefits Economic Evaluation Strategic Economics will complete an economic evaluation of the community benefits package proposed by the applicant. The approach will be like Strategic Economics’ ongoing work for the City of Redwood City to evaluate the gatekeeper projects in the Downtown Precise Plan Area. Strategic Economics will evaluate the assumptions in the project applicant’s development proposal and quantify the approximate value of the proposed community benefits. The approach for evaluating each element of the community benefits proposal will vary as appropriate. Examples include: Off-site affordable housing contributions: Valuation may be based on multiple approaches to reflect the range of beneficiaries, with comparison against Commercial Linkage Fee obligations of the applicant. Any off-site affordable housing contributions can be assessed based on the direct financial contribution, outside funding sources leveraged, relative number of affordable housing units produced compared to equivalent linkage fee contributions, and total cost savings to Redwood City residents occupying the affordable housing units. Transportation improvements: The applicant’s valuation will be vetted by Hexagon via consultation with City Public Works staff. Parks and open space improvements: The applicant’s valuation will be reviewed by Strategic Economics considering the value of the land and the required Quimby (or other) dedications. ATTY/AGR.2023.318/Raimi + Associates (Redwood Life Precise Plan) (Page 24 of 45)