Agda Pkt 2025.11.24 Joint SA PFA

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Page 10 of 11 City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.org including housing, especially affordable housing, near public transit, the project would reduce the need for cars to access jobs and essential services. Further, the affordable housing impact fees from this project will be used to support other affordable housing projects. As noted above, these funds can be incorporated into the City’s recent NOFA process which prioritizes supporting affordable housing for extremely low income households. The City tracks its housing efforts through the Housing Element Annual Progress Report (APR) that looks at housing units entitled and permitted and the City also maintains a RHNA progress dashboard. The latest APR from 2024 can be found here. Additionally, the City tracks housing impact fee spending through an annual development impact fee report as requires by AB 1600. FISCAL IMPACT All costs associated with consideration of the project will be borne by the Applicant. If approved, the City would also receive approximately $5.8M in housing impact fees that would be used to support other affordable housing projects and could be leveraged with other funding sources, such as tax credits. The project will also pay all other impact fees totaling approximately $8M. ENVIRONMENTAL REVIEW On November 16, 2020, the City Council, in Resolution No. 15907, certified the Final Environmental Impact Report (SCH # 2019070208) for the Elco Yards Project [formerly the South Main Mixed-Use Development Project (1601 El Camino Real)] and adopted a statement of overriding considerations and a mitigation monitoring and reporting program (MMRP) pursuant to the California Environmental Quality Act (CEQA), and in conjunction approved the project. Pursuant to CEQA Guidelines section 15162, when an EIR has been certified and adopted for a project, no subsequent or supplemental EIR is required unless certain criteria in section 15162 are implicated. Here, the proposed modifications are within the scope of the certified Final EIR and would not cause significant new impacts not identified in the Final EIR or result in a substantial increase in the severity of previously identified significant impacts, and no new mitigation measures would be necessary to reduce significant impacts, so none of the section 15162 criteria are implicated and no subsequent environmental review is required. The proposed modifications do not propose to increase the project unit count or footprint and are generally administrative in nature. PUBLIC NOTICE On November 14, 2025, ten days prior to the hearing date, notice was posted on the City’s website, published in the San Mateo Daily Journal, and sent to all owners and residents of property located within 300 feet of the project sites. 8.B. - Page 10 of 120 173