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 3 of 20 WHEREAS, under the Article 29 of the Redwood City Zoning Code, the Affordable Housing Ordinance, nonresidential development projects must mitigate the impact of new development on the need for affordable housing. As applied, the Project requires either: (1) the creation of thirty-one (31) units of affordable housing; or (2) the payment of an Affordable Housing Impact Fee in the approximate amount of Seven Million Two Hundred Eighty-Seven Thousand Seven Hundred Seventy-Four Dollars ($7,287,774). The Affordable Housing Ordinance allows alternative means of compliance including land donation that meets the requirements set forth in the Affordable Housing Ordinance Program Guidelines (“Program Guidelines”). The Applicant has proposed the donation of real property generally located at 920 Shasta Street and 122 Buckeye Street (“Affordable Site”). The Affordable Site is valued at Ten Million Dollars ($10,000,000). The Applicant proposes to donate the Affordable Site to Abode, a California nonprofit public benefit corporation (“Affordable Housing Partner”). The City must approve Abode as a qualifying designee or affordable housing partner. The Affordable Site is occupied and the City must approve accepting an occupied site and approve a Relocation Plan for the residential households and for the non-residential tenants to be relocated as part of the development of the Affordable Site. The Applicant is also requesting the City’s approval of the land donation and an Affordable Housing Land Donation Agreement (“Land Donation Agreement”). The Applicant's affordable housing obligation with regards to the Project will be considered fulfilled only upon completion of the land transfer of the Affordable Site to the qualifying Affordable Housing Partner or as otherwise specified in the Development Agreement; and WHEREAS, on June 26, 2023, the City Council adopted Resolutions 16154 and 16155 and approved the General Plan Mixed Use Downtown and the DTPP Plan-Wide Amendments that evaluated the potential for new office development up to 1,167,100 sq. ft. in the DTPP area (including redevelopment of 901 El Camino Real) and included a process change requiring City Council approval for any DTPP Large Project requesting a General Plan Amendments and that such projects would also negotiate a Development Agreement; and WHEREAS, the applicant has requested a Development Agreement and voluntarily offered community benefits that exceed the standard development requirements as specified in the Community Benefits Analysis by Economic Planning Systems; and WHEREAS, on January 24, 2011, the City Council of Redwood City adopted Resolution 15086, certifying the Final Environmental Impact Report for the Redwood City Downtown Precise Plan (“DTPP EIR”, State Clearinghouse #2006052027) and adopting CEQA Findings of Fact, a Statement of Overriding Considerations, and a Mitigation Monitoring and Reporting Program (“MMRP”); and WHEREAS, on June 26, 2023, the City Council adopted Resolution 16153, certifying the Final Subsequent Environmental Impact Report for amendments to the DTPP “DTPP Plan Wide Amendments” (“DTPP SEIR”, State Clearinghouse #2021090249) and adopting CEQA Findings of Fact, a Statement of Overriding