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Page 1 of 3 <br />City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.org <br />STAFF REPORT <br />To the Honorable Mayor and City Council <br />From the City Manager <br />DATE: August 26, 2024 <br />SUBJECT <br />Improvement and Maintenance Agreements with Caltrans related to the Elco Yards development at 1601 <br />El Camino Real to facilitate the installation of enhanced pedestrian and bicyclist safety improvements <br />along El Camino Real <br />RECOMMENDATION <br />Adopt a resolution approving and authorizing the City Manager to execute: <br />(1) a Highway Improvement Agreement with IQHQ Elco Yards, LP and State of California Department of <br />Transportation (Caltrans); and <br />(2) a Project Specific Maintenance Agreement with the State of California Department of Transportation <br />(Caltrans), and to take all actions necessary to carry out the Agreements. <br />STRATEGIC PLAN GUIDING PRINCIPLE <br />Transportation <br />BACKGROUND <br />The Elco Yards project (previously referred to as the South Main Mixed-Use Project), located between El <br />Camino Real, Maple, Cedar and Main Streets, includes the proposed construction of 530,000 square feet <br />(sf) of office, 501 residential units (including 108 affordable units), 28,000 sf of retail (including 19,000 sf <br />of family friendly entertainment), 8,400 sf of child care and 40,000 sf of publicly-accessible open space <br />(square footages are approximate). On April 25, 2022, the City Council approved, among other approvals, <br />the Subdivision Improvement Agreement for the construction of on-site and off-site improvements, <br />Landscape Maintenance Agreements, and Stormwater Treatment Measures Maintenance Agreements. <br />The improvements included a proposed traffic signal at the Pine/Main intersection as well as <br />improvements within the El Camino Real right-of-way consisting of a pedestrian crossing with flashing <br />beacon at Beech/Lincoln, intersection improvements at Maple, and protected bike lanes along the project <br />6.K. - Page 1 of 67 <br />385