Agda Pkt 2024.11.25. Joint SA PFA

Browse Search

Page 1 of 4 City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.org STAFF REPORT To the Honorable Mayor and City Council From the City Manager DATE: November 25, 2024 SUBJECT Final acceptance of construction improvements for the development at 1175 Marshall Street / 905 Maple Street and release of associated bonds RECOMMENDATION By motion, accept the construction improvements for the development at 1175 Marshall Street / 905 Maple Street and authorize release of the bonds in accordance with the Demolition Agreement and Improvement Agreement. STRATEGIC PLAN GUIDING PRINCIPLE Excellence in Government Operations BACKGROUND On September 24, 2018, the City Council approved the Improvement Agreement, Demolition Agreement, Hold Harmless Agreement, amended Landscape Maintenance Agreement, and amended Stormwater Treatment Measures Maintenance Agreement for the development at 1175 Marshall Street / 905 Maple Street. This development is part of the Kaiser campus, and the approvals involved two phases of work that aligned with the Downtown Medical Campus Precise Plan that covers this area. The first phase included the construction of the new Medical Office Building 2 (MOB2) at the corner of Maple and Marshall Streets as well as improvements along the Maple and Marshall frontages of that building. The second phase of work included demolition of the old Tower MOB and Oak MOB, the construction of an 85-space surface parking lot adjacent to MOB2, and frontage improvements within Maple Street and Veterans Boulevard. Planning approvals used an address of 1175 Marshall Street for the MOB2 project, while subsequent building and encroachment permits used the address of 905 Maple. The demolition agreement, approved and issued by the City, required the developer to demolish the Tower MOB and Oak MOB within 6 months of obtaining occupancy on the new MOB2. It additionally 6.C. - Page 1 of 47 79