Reso PC20-13 PC 0118 Reso South Main Mixed-Use Project Signed

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ATTY/RESO.0118/PC RESO SOUTH MAIN MIXED-USED PROJECT REV: 10-21-2020 PR Page 31 of 31 Solutions Act of 2006, requires that greenhouse gas emissions be reduced to 1990 levels by 2020. The State has determined that cities must implement land use strategies, such as dense and walkable infill development in more dense, urban areas, as part of their AB 32 strategy. SB 375, the Sustainable Communities and Climate Protection Act of 2008, goes further, requiring dramatic regional reductions in tailpipe emissions from passenger vehicles through transportation, land use, and housing policies—particularly through slowing suburban sprawl and encouraging modes of transportation other than private automobiles. By encouraging and facilitating compact and pedestrian-oriented development near new and existing jobs, services, and transit, the South Main Mixed-Use Project is an important part of Redwood City’s obligation to comply with AB 32 and SB 375. Also, state housing laws require cities, even built-out cities like Redwood City, to facilitate a reasonable share of regional growth. The South Main Mixed-Use Project is an important part of fulfilling these obligations as put forth in the recently state-certified Redwood City Housing Element. 4. Enhanced economic development. The South-Main Mixed-Use Project represents high-quality, context-sensitive development that will promote and support economic development in Redwood City. The Project’s planned office, residential, and retail uses will place new customers within easy reach of Downtown shops and restaurants, increasing their chances for success. Increased economic activity in Downtown will, in turn, add value to Downtown historic resources, increasing the likelihood of adaptive re-use and reducing the odds of neglect. Increased property values and retail sales will also increase revenue for the City of Redwood City, improving its ability to provide public safety and services. 5. Provision of affordable housing. The Project will provide 147 affordable residential units in a mix of studio, junior one-, one-, two-, and three-bedroom units. The affordable units are concentrated at the lower income levels; the Project will provide 15 Extremely-Low-income units, 24 Very-low-income units, 67 Low-income units, and 41 Moderate-income units. The Project would replace 22 existing affordable units and develop an additional 125 new affordable units, for a total of 147 affordable units, which will help the City meet its Regional Housing Needs Allocation (RHNA) requirement as determined by the Association of Bay Area Governments and address the critical shortage of affordable housing in San Mateo County and the San Francisco Bay Area. 6. Provision of childcare services. The Project will create an approximately 8,400-square-foot child-care center on the Project site. The planned child care facility will be made available to all Redwood City residents and will help to address the City’s existing estimated shortage of childcare/early learning spaces for infants/toddlers, preschool-age children, and school-age children. 7. Additional open space areas. The Project will create a mix of public and private open space, including approximately 94,000 square feet of private open space and 40,000 square feet of public open space, which would include a public creek walk and park at Shasta Street and Chestnut Street. The public open space will be made available to all Redwood City residents and will provide additional recreational public amenities and improve connectivity to the Downtown core.