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Page 1 of 8 <br />City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.org <br />STAFF REPORT <br />To the Honorable Mayor and City Council <br />From the City Manager <br />DATE: December 8, 2025 <br />SUBJECT <br />Consideration of 1548 Maple, LLC’s request for Fourth Amendment to the Development Agreement and <br />a Second Amendment to the Subdivision Agreement for the 1548 Maple Street project <br />SUMMARY <br />In 2018, a for sale, 131-unit, townhome project was approved along with a Development Agreement. In <br />2023, the term of the Development Agreement was extended to allow additional time to complete the <br />project. The contemplated action under this report would further extend the Development Agreement <br />term by an additional 3-5 years. The initial three years would provide flexibility to phase project <br />construction but also set milestones and provide fee reductions as an incentive for the timely completion <br />of the Blomquist Extension. The final two years would allow additional time to complete construction of <br />the Project but without fee reductions if the Blomquist Extension has not been completed. No design or <br />project changes are proposed, aside from the requested extension of the existing Development <br />Agreement. Additionally, a Second Amendment to the Subdivision Improvement Agreement is requested <br />to reflect work completed, timing changes, and updated cost estimates for the surety for completion. <br />Approval of staff’s recommendations will help facilitate construction of 131 townhomes, the Blomquist <br />Extension, the Bay Trail connection, and the future 100% affordable housing development located on the <br />City-owned property at 1580 Maple Street. <br />RECOMMENDATION <br />1. Waive first reading and introduce an ordinance approving the Fourth Amendment to the <br />Development Agreement between the City of Redwood City and 1548 Maple, LLC; and <br />2. By motion, approve, and authorize the City Engineer to execute, the Second Amendment to the <br />Subdivision Improvement Agreement between the City of Redwood City and 1548 Maple, LLC. <br />9.C. - Page 1 of 56 <br />545