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Reso25 16301
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Reso25 16301
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Last modified
4/29/2025 4:12:53 PM
Creation date
4/29/2025 4:10:01 PM
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CC Index
CC Index - Document Type
Resolution
Meeting Type
Regular
Date
4/28/2025
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1 <br />INTRODUCTION <br /> <br />Shasta Street, LP (Developer) is in the process of acquiring the properties located at 920 Shasta Street and <br />122 Buckeye Street, Redwood City, CA 94063 (Project Site) for the proposed new construction of <br />affordable housing units, Shasta Street Homes (Project). The project site consists of two parcels totaling <br />0.82-acres located at the intersection of Shasta Street and Buckeye Street in the Stambaugh -Heller <br />neighborhood, a mixed-use neighborhood within the City of Redwood City. <br /> <br />Current uses at the site consist of an existing three-bedroom single-family home and a two-bedroom <br />caretaker's unit on the property, in addition to a self-storage facility. Existing improvements will be <br />demolished to facilitate the construction of 99 affordable units plus one manager’s unit. The proposed <br />development includes studios, 1-, 2- and 3-bedroom units to be offered to households with incomes at <br />30% - 80% area median income (AMI) as shown in Exhibit A. One of the proposed amenities includes a <br />resident center with programming provided by Abode Services. Shasta Street Homes is anticipated to <br />receive a LEED Gold Rating and will be designed as a 100% electric building. <br /> <br />The Developer anticipates utilizing City of Redwood – Affordable Housing Funds, County of San Mateo <br />Affordable Housing Funds, HCD Affordable Housing and Sustainable Community Program funds, a <br />Permanent Loan, 4% tax credits and bonds to finance the Project. <br /> <br />Overland, Pacific & Cutler, LLC (OPC), a division of TranSystems, an experienced relocation and <br />acquisition firm, has been selected to prepare a Relocation Plan (Plan) to address the impacts to current <br />Project occupants if the Project moves forward and the assistance that will be provided to them. The needs <br />and characteristics of the displacee population, the available relocation resources , and the Developer’s <br />program to provide assistance to each affected person are general subjects of this Plan. Two residential <br />tenants would need to permanently relocate and 135 tenants would need to relocate their personal property <br />stored in the self-storage units. <br /> <br />In compliance with statutory requirements, the Plan has been prepared in accordance with the <br />requirements of California Relocation Assistance Law, Government Code Section 7260 et seq. (Law) the <br />Relocation Assistance and Real Property Acquisition Guidelines adopted by the Department of Housing <br />and Community Development and Title 25, California Code of Regulations Section 6000 et seq. <br />(Guidelines), SB 330/SB1, and AB 1482/SB 567. <br /> <br />This Plan is organized in five sections: <br /> <br />1. Project description (SECTION I); <br />2. Assessment of the relocation needs of the persons subject to displacement (SECTION II); <br />3. Assessment of available replacement commercial sites within Redwood City and <br />surrounding communities; <br />4. Description of the Developer’s relocation program (SECTION IV); and <br />5. Description of the Developer’s outreach efforts, Project timeline and budget (SECTION <br />V). <br /> <br /> <br />ATTY/RESO.0034/CC RESO APPROVING PROJECT (901 EL CAMINO REAL) - EXHIBIT C <br />REV: 04-22-25 VR <br /> <br />Page 93 of 224
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