2025.11.24 Approved Minutes - Laserfiche WebLink

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__________________________________________________________________________________________________ JOINT CITY COUNCIL/SUCCESSOR AGENCY BOARD/ November 24, 2025 PUBLIC FINANCING AUTHORITY MEETING MINUTES PAGE 5 MINUTE BOOK NO. 69 Recommendation: 1. Adopt a resolution approving the modifications to the South Main Mixed-Use (Renamed Elco Yards) Project generally located at 1601 El Camino Real, including Revised Conditions of Approval, State Density Bonus Law Bonuses, Concessions and Waivers, and a Revised Affordable Housing Plan (previously approved by Resolution No. 15908); and 2. By motion, authorize the City Manager to amend the original Regulatory Agreement and Declaration of Restrictive Covenants with Kopf & Kopf LLC and IQHQ Elco, L.P. for the affordable units in Parcel A and the original Regulatory Agreement and Declaration of Restrictive Covenants with IQHQ TRS Elco Yards, Inc. for the affordable units in Parcel D, and take all actions necessary to carry out the Regulatory Agreements and Declarations of Restrictive Covenants, to be amended. CEQA: Project consistent with Previous Plan EIR Motion and second, Martínez Saballos and Sturken to: 1. Adopt a resolution approving the modifications to the South Main Mixed-Use (Renamed Elco Yards) Project generally located at 1601 El Camino Real, including Revised Conditions of Approval, State Density Bonus Law Bonuses, Concessions and Waivers, and a Revised Affordable Housing Plan (previously approved by Resolution No. 15908); and 2. By motion, authorize the City Manager to amend the original Regulatory Agreement and Declaration of Restrictive Covenants with Kopf & Kopf LLC and IQHQ Elco, L.P. for the affordable units in Parcel A and the original Regulatory Agreement and Declaration of Restrictive Covenants with IQHQ TRS Elco Yards, Inc. for the affordable units in Parcel D, and take all actions necessary to carry out the Regulatory Agreements and Declarations of Restrictive Covenants, to be amended. The motion passed unanimously by electronic vote. 9. STAFF REPORTS 9.A. Appointment of Patrick Heisinger to the position of City Manager (901) Human Resources Director Michelle Katsuyoshi gave the staff presentation. There was no public comment. Recommendation: By motion, appoint Patrick Heisinger to the position of City Manager of the City of Redwood City commencing December 31, 2025, and approve and authorize the Mayor to execute Mr. Heisinger's employment agreement.