2025.10.27 Approved Minutes - Laserfiche WebLink

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__________________________________________________________________________________________________ JOINT CITY COUNCIL/SUCCESSOR AGENCY BOARD/ OCTOBER 27, 2025 PUBLIC FINANCING AUTHORITY MEETING MINUTES PAGE 4 MINUTE BOOK NO. 69 exceed $350,000 over a 3-year period, through October 2028, with the option to extend for two additional one-year periods in an amount not to exceed $100,000 per extension term. CEQA: This is not a project under California Environmental Quality Act (CEQA) 8.C. Final acceptance of the Seaport Centre Levee Improvements and the Seaport Plaza Levee Improvements, summary vacation of portions of the easement formerly known as Seaport Levee, and the Second Amendment to the Levee Financing and Improvement Agreement (506) Reso 16359 Reso 16360 Reso 16361 Recommendation: 1. Adopt a resolution accepting as complete the Levee and Related Flood Protection Facilities on Seaport Plaza and the Modified Levee and Related Flood Protection Facilities on Seaport Centre ; 2. Adopt a resolution summarily vacating a portion of the easement for maintenance of the Seaport Centre Levee pursuant to Part 3 of Division 9 of Chapter 4 of the California Streets and Highways Code; and 3. Adopt a resolution approving a Second Amendment to Levee Financing and Improvement Agreement among the City of Redwood City, HCP LS Redwood City, LLC, Metropolitan Life Insurance Company, and Seaport Centre Owners’ Association. CEQA: This activity is not a project under California Environmental Quality Act (CEQA) as defined in CEQA Guidelines, Section 15378, because it has no potential for resulting in either a direct or reasonably foreseeable indirect physical change in the environment. This activity simply authorizes acceptance of facilities that have been constructed in accordance with the LFIA, as authorized on October 26, 2020, and the Second Amendment to the LFIA authorizes use of funds for certain maintenance activities contemplated by the CFD rate and method incorporated in the CFD formation resolution. Moreover, on October 26, 2020, the City Council determined that Seaport Levee Improvements were categorically exempt from the requirements of the California Environmental Quality Act (“CEQA”) pursuant to State CEQA Guidelines, 14 CCR §§ 15000, et seq., Sections 15301 (Class 1. Existing Facilities), 15302 (Class 2. Replacement or Reconstruction), 15304 (Class 4. Minor Alterations to Land), and 15311 (Class 11. Accessory Structures). A Notice of Exemption was filed on February 4, 2021.