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ATTY/RESO.0055/CC RESO APPROVING HIGHWAY IMPROVEMENT & MAINTENANCE AGREEMENT (CALTRANS AND IQHQ) <br />REV: 08-21-24 VR <br />Page 1 of 2 <br />RESOLUTION NO. _____ <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF REDWOOD <br />CITY APPROVING AND AUTHORIZING THE CITY MANAGER TO <br />EXECUTE A HIGHWAY IMPROVEMENT AGREEMENT AND PROJECT <br />SPECIFIC MAINTENANCE AGREEMENT REGARDING <br />IMPROVEMENTS RELATING TO THE ELCO YARDS DEVELOPMENT <br />PROJECT <br /> <br />WHEREAS, on November 16, 2020, the City Council of the City of Redwood City <br />approved the Elco Yards project (previously referred to as the South Main Mixed-Use <br />Project), located between El Camino Real, Maple, Cedar and Main Streets, including the <br />proposed construction of 530,000 sf of office, 501 residential units (including 108 <br />affordable units), 28,000 sf of retail (including 19,000 sf of family friendly entertainment), <br />8,400 sf of child care and 40,000 sf of publicly-accessible open space (square footages <br />are approximate); and <br /> <br />WHEREAS, 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 <br />improvements, Landscape Maintenance Agreements, and Stormwater Treatment <br />Measures Maintenance Agreements, which require IQHQ Elco Yards, LP (Project <br />Applicant), to install improvements including a proposed traffic signal at the Pine/Main <br />intersection as well as improvements within the El Camino Real right-of-way consisting <br />of a pedestrian crossing with flashing beacon at Beech/Lincoln, intersection <br />improvements at Maple, and protected bike lanes along the project frontage from Cedar <br />to Maple (two blocks) (Improvements); and <br /> <br />WHEREAS, the Improvements contain elements within the State of California <br />Department of Transportation (Caltrans) right-of-way; and <br /> <br />WHEREAS, Caltrans requires the Project Applicant to enter into a Highway <br />Improvement Agreement to guarantee the installation of the Improvements and further <br />requires the City as the CEQA Lead Agency to be a party to said Agreement; and <br /> <br />WHEREAS, Caltrans also requires the City to enter into a Project Specific <br />Maintenance Agreement to identify the maintenance responsibilities of the Improvements <br />upon installation; and <br /> <br />WHEREAS, the Highway Improvement Agreement and the Project Specific <br />Maintenance Agreement are necessary to obtain approvals by Caltrans for the Project <br />Applicant to install the Improvements as contemplated for the Project. <br /> <br />6.K. - Page 35 of 67 <br />419