Reso25-02 0024 PC Reso 901 El Camino Real

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ATTY/RESO.0024/PC RESO 901 EL CAMINO REV: 04-11-25 VR Page 2 of 20 WHEREAS, after the initiation, the Applicant proposed revisions to the project including an off-site land donation to and a partnership with an affordable housing developer (“Abode”) to facilitate development of an affordable housing project, a land exchange with the Corridor Joint Powers Board (JPB), a request for a right-of-way vacation to create larger development site, and an increase to the proposed office square footage; and WHEREAS, on September 13, 2021, the City Council adopted Resolution 15984 to re-initiate the modified project which would still require a General Plan and DTPP Amendment; and WHEREAS, the Project application includes requests for a General Plan/DTPP Amendment (GP2021-003) to adjust the development capacity for office, a Downtown Planned Community Permit (DPC2021-002) to construct a mixed use office with R&D, Lab uses project, a Use Permit (UP2024-003) for a Research and Development, Laboratory use, a Planned Development Permit (PD2024-002) to request additional height for rooftop screening, a Vesting Tentative Parcel Map (TM2021-005) to combine multiple parcels into one development site, an Affordable Housing Plan with associated documentation and agreements, and a Development Agreement; and WHEREAS, to form the 1.6-acre lot for development, the Project requires combining multiple parcels into one development site including a request for the City to vacate the California Street right-of-way between James Avenue and Winklebleck Street, and vacate portions of Winklebleck Street that serves as access into the Transit Center parking lot. California Street was owned by multiple parties including a portion that is owned in fee by the City of Redwood City, and the applicant has acquired title to or is under contract for every portion of the street not owned by the City. It is anticipated that the Applicant would acquire this portion of California Street property from the City in exchange for a grant of right-of-way for the new Franklin Street. To fulfill a prerequisite to selling City-owned property, the City declared the subject land exempt surplus under the Surplus Land Act, submitted its findings to the California Department of Housing and Community Development (HCD), and received concurrence; and WHEREAS, to form the 1.6-acre lot for development, the Project requires combining multiple parcels into one development site including a proposed land swap with JPB that would exchange the property located at 2529 Broadway to JPB for a portion of the existing Transit Center parking lot to the Applicant; and WHEREAS, on September 2, 2021, JPB authorized JPB staff to enter into an exclusive negotiation agreement with El Camino Real Holdings JV (KM-ECR at the time) and in February 2025, the JPB board, California Department of Housing and Community Development, and the Federal Transit Administration authorized the land-swap exchange agreement. The Applicant will complete the land exchange after Parcel Map recordation; and