Reso PC22-09 0083 PC Reso Recommending General Plan Amendment Approval Harbor View Project

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ATTY/ORD.0018/CC ORDINANCE ADOPTING DEVELOPMENT AGREEMENT REV: 10-28-2022 VR Page 3 of 4 Providing funds for a First Time Homebuyer Loan program is consistent with Policy H-2.3: Continue to promote homeownership assistance programs as a means of enhancing neighborhood stability. Support efforts to create options to help residents move from rental housing to affordable ownership housing, and finally to market-rate housing. The provision of funding for parks is consistent with Policy Program BC‐3: Land Dedication and In‐Lieu Fees. Continue to implement the land dedication program and in‐ lieu fees program to assist in the funding and development of new parks. Actively seek alternative funding sources such as State bonds and grants to supplement gaps in financing parkland acquisition and development. Funding for education and childcare is consistent with Policies Policy BC‐10.1: Direct City resources and leverage other public and private resources to support development and/or operation of childcare/early education facilities and services Program BC‐24: After‐School Homework Assistance. Direct resources to the provision of after‐ school homework assistance, tutoring, and enrichment on school campuses, at community centers, and at libraries. Policy BC‐9.1: Assist preschoolers to become “school ready” by developing a love of reading, learning, and libraries. (b) The tentative map prepared for the Project will comply with the provisions of Government Section 66473.7, regarding sufficient water supply. Basis for finding: A Water Supply Assessment (WSA) for the Harbor View Project (Project) has been prepared. The City's 2020 Urban Water Management Plan (UWMP), City-wide demand for potable water is projected to be 10,207 acre-feet per year (afy) in the year 2045, which is below the City’s Individual Water Supply Guarantee (ISG) of 12,243 afy. This demand includes the proposed project potable water demand of 26.2-acre feet per year, and anticipated growth in demand projected to occur between 2020 and 2045. As such, the WSA determined that the City has sufficient water to meet all of its expected future water demands, including the demands of the proposed Project, in normal years and in dry years with the implementation of City’s Water Shortage Contingency Plan through 2040. SECTION 3. The City Council hereby approves and adopts the Development Agreement that was presented to the City Council at the November 14, 2022, meeting, filed and made available at the Office of the City Clerk, and attached hereto as Exhibit A. The City Manager is hereby authorized and directed to execute the Development Agreement on behalf of the City of Redwood City, with minor conforming or technical revisions as may be approved by the City Manager in consultation with the City Attorney. SECTION 4. The City Clerk shall publish this ordinance in accordance with applicable law.