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ATTY/RESO.0029/CC RESO APPROVING ARCHITECTUAL PERMIT, TENTATIVE PARCEL MAP (920 SHASTA) REV: 04-22-25 VR Page 3 of 12 conversion to affordable units or alternatives to the Standards for Affordable Housing; and WHEREAS, as part of a separate but related development project, El Camino Real Holdings JV, a California limited liability company (the “901 El Camino Real Developer”) has submitted an application for development of a project at 901 El Camino Real for a 6- story (92’-0”) mixed-use building consisting of an approximately 305,225 sq. ft. of office with Research and Development, Laboratory uses (R&D, Lab), a 6,450 sq. ft. Teen Center/Multi-Purpose space, a 3,900 (Chrysanthemum Plaza) and a 10,150 sq. ft. passive creek open space (the “901 El Camino Real Project”); and WHEREAS, as allowed under Subsection 29.8(H) of the Ordinance, the 901 El Camino Real Developer has requested City Council approval for alternative compliance with the Ordinance and to satisfy the requirements of the Ordinance through the donation of the specified real property generally located at 920 Shasta Street and 122 Buckeye Street, in the City of Redwood City (the “Affordable Site”); and WHEREAS, the 901 El Camino Real Developer is proposing to donate the Affordable Site to Abode Communities, a California nonprofit public benefit corporation, or its permitted successors and assigns (the “Affordable Housing Partner”). The Affordable Housing Partner must be a City approved qualifying designee as defined in the Ordinance and consistent with the requirements set forth in the Program Guidelines; and WHEREAS, in compliance with Chapter 2, Section I, subsection c of the Program Guidelines, the 901 El Camino Real Developer and Affordable Housing Partner submitted the Affordable Housing Plan dated November 5, 2024 attached as Exhibit B; and WHEREAS, to effectuate the transfer of the Affordable Site, the 901 El Camino Real Developer and the Affordable Housing Partner are requesting the City’s approval of that certain Affordable Housing Land Donation Agreement, attached as Exhibit C; and WHEREAS, the Property is currently occupied by two residential tenants and 135 non-residential tenants (self-storage use) and the Applicant is required to relocate the two (2) residential tenants and provide relocation benefits to the 135 non-residential tenants located on the Project site in accordance with local and state laws; and WHEREAS, the Project’s Shasta Street Homes Project Relocation Plan (“Relocation Plan”), attached hereto as Exhibit D, has been prepared and has been available to the tenants to be displaced since February 28, 2025; and WHEREAS, the Relocation Plan meets the requirements of local and state law and demonstrates that (i) fair and reasonable relocation payments will be provided to displacees; (ii) displacees will be provided with relocation assistance that is compliant with local and state law; and (iii) comparable replacement dwellings will be available to the residential households to be displaced; and